Weekend Reading – Bonds in RRSP, new looks and tax refunds

Welcome to your Weekend Reading list where I share some of my favourite articles from the week that was.

This week I posted the following articles:

I answered this reader question about just starting to invest.

I shared an update on our 2014 financial goals.

Enjoy these articles below and my commentary about them.

Dan Bortolotti answered the question do bonds still belong in an RRSP?   Based on low yields and for a few others reasons, I don’t invest in bonds anymore but if you do, check out his white paper for some good analysis.

Mr. Money Mustache has a new cool look.  I think Preet Banerjee’s upgraded site is even more slick.

BrighterLife told us how a tax refund could make our life brighter.  Thanks for including my take and for being a fan of this site.

Passive Income Earner is ready to invest 50k.

Boomer and Echo said it’s hard to avoid buying stuff.  I totally agree.  We just recently purchased Chromecast, it’s cool.

Canadian Mortgage Trends told us about CMHC’s recent message.

Ben Carlson shared some of the ups and downs from Buffett’s years.

SPF provided some gardening advice for beginners.  I’m looking forward to starting our veggie garden this weekend.

Although the weather here in Ottawa is not summer-hot by any means, My University Money shared some advice for students on summer vacation.

Money We Have doesn’t think debt is normal or really that sexy.  I think dividends are sexy.

Big Cajun Man said Google probably won’t make you a great investor.

How To Save Money said it might be a good time to look at Tangerine for banking.   The incentive is good but I’m not sure it’s worth the hassle to change all my banking information now.   I’ll give it some thought…

Retire Happy offered some options to save for retirement.

Michael James on Money discussed the downside of naked puts.

Larry MacDonald reminded us you shouldn’t borrow to invest right now.  I have enough debt with my house, so no leveraged investing for me until my mortgage debt is all but done.

One of my favourite sites Million Dollar Journey listed 4 things investors should be mindful of.

Last but not least, it was great to see Preet, Rob, Michael, Ram, Larry and Alan this week, chatting about real estate gone wild, robo-advisors, the best (and worst) things about poutine and how TD bank still doesn’t have a U.S. dollar RRSP or TFSA.

See you next week with a post about the dividend tax credit, or indexing, or both.  Have a great weekend!

12 Responses to "Weekend Reading – Bonds in RRSP, new looks and tax refunds"

  1. Good to see you’re in the no-bond club too Mark 🙂 I think that can work out well for long-term investors, but it should not be attempted unless they are ready for an extended period of underperformance. It’s only when you can afford lower returns for a while that you can aim for a higher result.

    I think of borrowing to invest as the next step after cutting bonds, since it’s like a reverse bond. If you’ve prepared yourself in other ways to minimize the risk then it can be manageable. A lot of people are not as prepared as they think though.

    1. I figure as long as bonds are earning next to nothing, they serve no point in my portfolio.

      If investors don’t panic when the market tanks, agreed, I think an all-equity portfolio can work well.

      The “lower returns” is a good point, but if you own a diverse basket of dividend stocks, while the portfolio value for equities might tank by 30%, you may still earn the same investment income in a bear market.

      I would join you about borrowing to invest if I didn’t have a mortgage. When the mortgage is done, depending upon the borrowing rates, I will get into some leveraged investing. That’s about 7-8 years away though.

      Thanks for the comment Richard, good to hear from you.

  2. Thanks for linking to my article on my switch to Tangerine. You don’t have to make a full switch if you do decide to go for it. You can just open a savings account and take advantage of interest rate promotions. You probably have most of your money invested anyway, but it’s a thought.

    I have a post coming out on Tuesday further detailing my strategy so stay tuned for that.


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