| Retirees
should be more conservative with their portfolios |
 |
|
 Over
the past 20 years, investing has changed a lot. Back in the 1980s, the biggest
decision investors had to make was whether to buy a one-year GIC or a five-year
GIC. Double-digit interest rates were the norm, and if you were retired, you could
easily supplement your pensions and government benefits with interest on your
GICs.
Use the Read
More link to view the complete article. |
| Canada's
Top 10 Tax Tips |
|
|
 What
better time than the lazy, hazy days of summer to get your tax affairs in order.
Here are Jamie Golombek's top 10 sizzling summer tax strategies.
Use the Read More
link to view the complete article. |
| Gradual
plan wins out for RESPs |
|
|
 It's
been nearly six months since the federal budget relaxed the Registered Education
Savings Plan contribution rules, eliminating the annual contribution limit and
increasing the lifetime contribution maximum to $50,000 per child. To date, much
of the discussion in the financial press has been focused on whether it makes
sense to contribute a large lump sum of up to $50,000 all at once to an RESP.
The problem in doing so is that it may preclude your child from receiving future
Canada Education Savings Grants (CESGs).
Use the Read
More link to view the complete article. |
There
are lots of
benefits available to those 65+... |
|
|
 ...You
just have to know about them. In fact, some should be investigated a few years
before your 65th birthday. This article, originally published in Silver &
Gold magazine, explains a number of programs and plans available to new retirees.
Use the Read
More link to view the complete article. |
| Obituary
– Mr. Common Sense |
|
|
 Here
is an interesting illustration of why many people become frustrated with investing
and then abandon well-thought-out strategies for either safety or high risk. This
little story uses the characters from Benjamin Graham’s famous book –
The Intelligent Investor (the namesake of our newsletter).
Use the Read
More link to view the complete article. |
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Today's
Market Rates |
|
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| |
Taken from the FiscalAgents.com
Money Centre, as of 6/27/08
| Term
Deposits |
3.80%
|
Annually,
120-179
Days, $25,000 |
| GICs |
4.80%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.85%
|
| Annually,
5 Year, $25,000 |
| RRIFs |
4.80%
|
| Annually,
5 Years, $50,000 |
| RRSPs |
4.80%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
3.00%
|
| Daily |
|
Click the link below to view our best-offered rate table.
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Mutual
Fund Statistics:
May 2008 |
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| Assets
under management: |
|
$719.3 billion |
| Net
sales (excl.reinv.distr.): |
|
$2.2 billion |
| Fund-on-Funds
Assets under management: |
| $114.8
billion |
| Fund-on-Funds
Net Sales (excl.reinv.distr.): |
|
$723.7 million |
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