[2583] in Software_Announce
Picking Stocks: Avoid What You Know Contributed by: martingale Many people think that you should only invest in the things you know well.
daemon@ATHENA.MIT.EDU (Day)
Sat Jun 16 17:38:36 2007
From: "Day" <hqlvk@uwaterloo.ca>
To: <software-announce@mit.edu>
Date: Mon, 18 Jun 2007 00:43:49 +0300
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Your financial situation is different than everyone else, and you have a =
particular tolerance for risk, and a certain amount of risk that you can =
afford to take.
I will cover each of these issues in turn, then take a look at the ETFs =
available to Canadian RRSP investors.
In establishing your regular RRSP contribution take care to budget =
appropriately. I recommend that you hold off doing anything until the =
status of this act is clarified.
You'd prefer to sell something that was up, or at least holding steady. =
Story Options Mail Story to a Friend Printable Story Format What's =
Related More by martingale More from Investing RRSP Foreign Content =
Rules Scrapped!
The past performance of the American stock market is no indication of =
future returns. He shows that Greece and Rome had some, but not all, of =
his four factors of economic progress.
avoid Canadian investments More by martingale More from Investing How =
much US dollar investment in your RRSP is too much?
Unfortuantely Vanguard doesn't offer much in the international arena.
Before we go any further please note this well: I am talking about the =
equity portion of your portfolio.
See Also: Your RRSP and Your Mortgage: The Home Buyer's Plan Story =
Options Mail Story to a Friend Printable Story Format What's Related =
Your RRSP and Your Mort.
One final note: Please think about where you will be when you spend your =
investment savings. You will need the name, telephone, and fax number =
for this individual as CRA will need to contact them once they've =
decided to authorize your reduction. This is a huge and wondeful change: =
You can now own as much United States, European, and overseas content as =
you like in your RRSP.
American investors have access to some excellent mutual funds: High =
quality, well managed indexed funds with very, very low management =
expense ratios.
In this article I've briefly summarized the exchange traded funds that I =
recommend you use to build the foreign portion of your portfolio. A =
brokerage account will also enable you to buy mutual funds, and to =
manage your fund holdings online through a website, generally at lower =
cost than doing the same by telephone.
You can risk other money on a luxurious life but this basic minimum =
amount must be protected. How Mutual Funds Work: Exchange Traded Funds - =
EfficientMarket.
Should the government fail to pass the budget this "effective =
immediately" proposal may never come to pass. It is worth holding some =
oil stocks as a hedge against an oil-driven recession.
With an exchange traded fund you do still pay the expense ratio and the =
hidden trading costs, but you do not pay any sort of "load" charge, nor =
do you pay a sales fee. ca - RRSP News and Information Your RRSP =
and your Mortgage: Is it a good idea? Story Options Mail Story to a =
Friend Printable Story Format What's Related More by martingale More =
from Investing RRSP Foreign Content Rules Scrapped!
One final note: Please think about where you will be when you spend your =
investment savings.
Something is missing in the above: There's no EAFE listed.
So what should you do? Subtract that amount from the minimum savings you =
will require. It's still just survivor bias!
Value stocks have anomolously out-performed growth stocks in the past. =
What's left can go into stocks. It is worth holding some Canadian REITs, =
but XRE is dominated by just a few REITs. How much foreign content =
should you hold in a self-directed RRSP? Your goal, obviously, is to =
minimize fees.
Canadian mutual funds are in general a lot more expensive than American =
funds, and there aren't a lot of different asset classes to choose from.
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<DIV><FONT face=3DArial size=3D2><IMG alt=3D"disgracefully"=20
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border=3D0></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Your financial situation is different =
than everyone=20
else, and you have a particular tolerance for risk, and a certain amount =
of risk=20
that you can afford to take.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>I will cover each of these issues in =
turn, then=20
take a look at the ETFs available to Canadian RRSP =
investors.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>In establishing your regular RRSP =
contribution take=20
care to budget appropriately. I recommend that you hold off doing =
anything until the=20
status of this act is clarified.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>You'd prefer to sell something that was =
up, or at=20
least holding steady. Story Options Mail Story to a Friend Printable =
Story Format=20
What's Related More by martingale More from Investing RRSP Foreign =
Content Rules=20
Scrapped!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>The past performance of the American =
stock market=20
is no indication of future returns. He shows that Greece and Rome had =
some, but not=20
all, of his four factors of economic progress.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>avoid Canadian investments More by =
martingale More=20
from Investing How much US dollar investment in your RRSP is too =
much?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Unfortuantely Vanguard doesn't offer =
much in the=20
international arena.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Before we go any further please note =
this well: I=20
am talking about the equity portion of your portfolio.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>See Also: Your RRSP and Your Mortgage: =
The Home=20
Buyer's Plan Story Options Mail Story to a Friend Printable Story =
Format What's=20
Related Your RRSP and Your Mort.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>One final note: Please think about =
where you will=20
be when you spend your investment savings. You will need the name, =
telephone, and=20
fax number for this individual as CRA will need to contact them once =
they've decided=20
to authorize your reduction. This is a huge and wondeful change: You can =
now own as=20
much United States, European, and overseas content as you like in =
your=20
RRSP.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>American investors have access to some =
excellent=20
mutual funds: High quality, well managed indexed funds with very, very =
low=20
management expense ratios.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>In this article I've briefly summarized =
the=20
exchange traded funds that I recommend you use to build the foreign =
portion of your=20
portfolio. A brokerage account will also enable you to buy mutual funds, =
and to=20
manage your fund holdings online through a website, generally at lower =
cost than=20
doing the same by telephone.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>You can risk other money on a luxurious =
life but=20
this basic minimum amount must be protected. How Mutual Funds Work: =
Exchange Traded=20
Funds - EfficientMarket.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Should the government fail to pass the =
budget this=20
"effective immediately" proposal may never come to pass. It is worth =
holding some=20
oil stocks as a hedge against an oil-driven recession.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>With an exchange traded fund you do =
still pay the=20
expense ratio and the hidden trading costs, but you do not pay any sort =
of "load"=20
charge, nor do you pay a sales fee. ca - RRSP News and Information =
Your RRSP=20
and your Mortgage: Is it a good idea? Story Options Mail Story to a =
Friend Printable=20
Story Format What's Related More by martingale More from Investing RRSP =
Foreign=20
Content Rules Scrapped!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>One final note: Please think about =
where you will=20
be when you spend your investment savings.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Something is missing in the above: =
There's no EAFE=20
listed.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>So what should you do? Subtract that =
amount from=20
the minimum savings you will require. It's still just survivor =
bias!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Value stocks have anomolously =
out-performed growth=20
stocks in the past. What's left can go into stocks. It is worth holding =
some=20
Canadian REITs, but XRE is dominated by just a few REITs. How much =
foreign content=20
should you hold in a self-directed RRSP? Your goal, obviously, is to =
minimize=20
fees.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Canadian mutual funds are in general a =
lot more=20
expensive than American funds, and there aren't a lot of different asset =
classes to=20
choose from.</FONT></DIV></BODY></HTML>
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------=_NextPart_000_0002_01C7B141.BCAF8AC0--
