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.
From MoneySense, 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, this is important context current to the time of this post:
“But while you could get 5% on bonds a decade ago, the current yield on 10-year Government of Canada bonds is about half that today. To return to our example, if the $1,000 bond yielded 2.5% it would generate $25 in annual interest, resulting in a tax bill of just $11.25. In that case, you would enjoy greater tax deferral by holding the equities in your RRSP. Does that mean the old asset location rules no longer apply?”
Mr. Money Mustache has a new cool look.
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.
Ben Carlson shared some of the ups and downs from Buffett’s years.
One of my favourite sites Million Dollar Journey listed 4 things investors should be mindful of.
See you next week with a post about the dividend tax credit, or indexing, or both.
Have a great weekend!
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.
I look forward to your article Stephen, you might convince me yet 🙂
Thanks for the inclusion Mark, Google has it’s uses, just don’t view everything you read in your searches to be the Gospel truth
Can’t believe everything you see on TV either 🙂
Cheers,
Mark
I can’t believe TD doesn’t have a USD RRSP / TFSA account either. That’s why I’m with Questrade..
They say they are working on it but many other banks, Questrade, BMO, RY, all offer USD $$ RRSP and TFSA accounts.
Great reads, looks like you’ve got an early lead on the modest money top blog poll!
Great! Lots of quality stuff out there, just happy folks want to follow along. Have a great weekend Dan.
Thanks for the shout out.
Yes Debt is not normal but apparently the people I know think it is.
Debt sucks really. Less money I have to do what I want to do with it 🙂