But why a book about passive investing with index funds or ETFs? Many of these details can be found separately in financial blogs such as Canadian Capitalist, but the book conveniently gathers it all in one place. And veteran journalist, author and blogger Dan Bortolotti does a great job of conveying the information in a clear, concise manner. One area where his clarity rings through is a discussion on minimizing the high, poorly disclosed currency fees on foreign investments traded within RRSPs. Investors can cut such costs by opening an account with a brokerage that allows U.

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He takes a topic that is often explained in a technical manner and makes it understandable for non-specialists. I expect to be lending out my copy to friends and family. This book is actually a cross between a book and a magazine. It contains 10 pages of ads and has a fair bit of interesting artwork. It then goes on to look at how to decide what should go in your portfolio and how to set up accounts to buy the chosen investments.

Even investors who feel intimidated by financial jargon should find the discussions clear. In some ways this guide is deceptively simple. Overall, the content is top-notch, but there are always some nits to pick. The remainder of this review is my take on some details in the book. See one of my past posts for an explanation of a common misunderstanding about correlation.

Transferring Assets to a New Account In the discussions of leaving an advisor and moving assets to a new account, I think it makes sense to explain that it is best to fill out paperwork with the brokerage handling the new account to make the transfer. Whether or not you choose to talk to your advisor about leaving him or her, when the time comes to transfer assets, you do it by signing papers with the new brokerage.

Sample Portfolios Bortolotti gives 7 different sample portfolios for different portfolio sizes and goals.


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With just three components, you can build a nest egg that has it all. Advertisement Pity the poor retirement portfolio. It has to provide you with enough growth to support the retirement lifestyle you want, but it also has to defend you from the ravages of a possible market crash. It has to weather all sorts of different markets over several decades—and it still has to come through with a dependable retirement income you can count on. It mainly comes down to the right mix of investments. To generate that kind of income, you would have to save up a lot of dough, but luckily, not all of your retirement income has to come from your portfolio. That means your portfolio will only have to provide the total income you need in retirement, less your annual government and pension benefits.


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He starts the book with a solid case for index investing, and lays out a step-by-step guide to making a plan and following through. Be patient ot others. To see what your friends thought of this book, please sign up. Shit, even the digital books?


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