Welcome to Weekend Reading, where I share some of my favourite articles from the week that was.
Earlier this week, I answered a reader question about TFSA and RRSP considerations for 2014 and I shared Part 2 of my interview with Peter Hodson.
Check out these great articles when you have some time…have a great weekend!
MoneySense suggested you train your investing brain. Maybe more framing using the fallacies associated with high-money management fees would help investors. The psychology of money deserves more attention as it relates to retail investors and kudos to Dan Bortolotti for writing such a phenomenal article.
I liked how Canadian Mortgage Trends analyzed BMO’s fixed term mortgage advice.
The Dividend Guy shared a list of Canadian dividend aristocrats.
Brian So wrote about REIT taxation, so just keep your REITs in registered accounts.
Million Dollar Journey opened up on the topic of his corporate investment account.
Mr. CBB wondered if full price items make it into your grocery cart. Rarely for us but it does happen.
Mark
My name is Mark Seed - the founder, editor and owner of My Own Advisor. As my own DIY financial advisor, I've surpassed my goal and now investing beyond the 7-figure portfolio to start semi-retirement with. Find out how, what I did, and what you can learn to tailor your own financial independence path. Join the newsletter read by thousands each day, always FREE.
I like the Frugal Trader’s article. Thank you for sharing.
Hey Mark
I disagree with your comment on Brian’s REIT taxation article and you saying always to keep REITs within a registered account. I don’t think Brian is saying that at all. He is saying that if the ROC is a high percentage, then you may want to think about holding it in a non-registered account.
You may want to check with him but that’s the way I read it. Also, that is what I do with the REITs I own that have a high ROC like AX.UN and TN.UN.
Ciao
You’re right Don and I misinterpreted Brian’s point on that. If ROC is high, non-registered isn’t a bad option. I guess I just prefer avoiding any tax mess whatsoever with REITs and I can do that by putting my REITs inside the TFSA or RRSP. Thanks for your comment and noticing that Don.
Hey Mark
No problem. I don’t usually like saying anything but thought I should mention it especially for us older guys trying to balance all our different accounts for income, taxes, etc.
As an aside, I do my investing with RBC Direct Investing online brokerage and they automatically do the ACB adjustments for their clients and just flag them in the monthly statements with an RTC type (usually once a year in April). I used to be with TD Brokerage and I’m pretty sure they did it as well.
Take care
Don
Don, always happy when readers point out great investing details and intricacies. I suspect it’s a juggling act as you get closer to retirement, and in retirement, with getting the right assets in the right accounts so income is tax-efficient as much as possible. I look forward to the challenge 🙂
Yes, a few brokerages do that for investors – which is a great perk.
Time for a beer and maybe some NCAA ball in the basement, my wife is watching House Hunters on HGTV 🙂
Have a great weekend,
Mark
I liked Dan’s article a lot. Thanks for the mention.
Thanx for the mention Mark! 🙂
Cheers
Avrom
thx for the mention Mark!
Sorry about your Sens… you’ll have to cheers for the Habs this spring 😉 (don’t tell me you will turn to the leafs???) hahaha!
Uh, no, no Leafs cheering in this house! 🙂
Mark
Thanks for the mention Mark!
Most welcome Brian!
Thanks for the mention, Mark. Have a good weekend!