Welcome to my latest Weekend Reading edition. Earlier this week I interviewed the CEO of ModernAdvisor Navid Boostani, who provided some insight how Robo Advisors can help you train your investing brain.
Who’s watching the Blue Jays this weekend? We all should! #GoJays!
Enjoy these articles and see you here next week for a new dividend income update.
A reminder some new mortgage rules come into effect next week. These changes are likely to affect every homeowner in a small way, especially if you sell your home. From the article: “The new rules will require you to report every sale of a principal residence on your tax return, whether you owe tax or not. And this starts with dispositions in 2016. So, if you sold a home earlier this year, you’ll have to provide basic information (date of purchase, proceeds of disposition and a description of the property) on Schedule 3 when you file your 2016 tax return.”
CBC news highlighted the Nortel bankruptcy saga is finally getting sorted out. Beyond John Roth and Frank Dunn, I believe the lawyers in this drawn-out process got rather rich.
This Smiling Saver provided an update on Million Dollar Journey.
Boomer and Echo commented on a list of big behavioural biases. Because money is emotional it definitely clouds judgement now and again.
Tawcan has some thoughts for a doomsday market.
Preet Banerjee looked at how group RESPs compare with individual and family plans in a new Drawing Conclusions video.
Young and Thrifty decoded some real estate commissions. Personally, I think you should be wary of anyone earning their salary on a commission – do your own due diligence, real estate or otherwise and ask tough questions like “how are you compensated”? If you don’t like the answer they provide then move on.