Archive for July 2014
How To Negotiate Your Mortgage Renewal Like A Pro
When I was nineteen, the brakes on my car seized, damaging the calipers and whatever was left on the rear pads. I got a quote from a local mechanic chain with both “budget” and “brake” in their name, so I thought they must have the best price on brakes. At the time I knew nothing about…
Read MoreWhy Investors Should Embrace Simple Solutions
I stumbled on a thread from Reddit’s Canadian personal finance community where a young investor sought feedback on his investment portfolio. He held a low cost and diversified portfolio consisting of seven ETFs inside his tax free savings account. The allocation was broken down like this: Canadian equity (ZCN) – 25% U.S. equity (VUN) –…
Read MoreA New Look At The RRSP vs. Mortgage Debate
Most debates over whether to pay down the mortgage or contribute to an RRSP boil down to one thing. If the interest rate on your mortgage is less than the expected return of the investments in your RRSP, then go with the RRSP. When rates are higher, then paying down the mortgage makes more sense.…
Read MoreShould You Sell The Family Home?
Another disadvantage when considering downsizing your home is that even a smaller house will not cost that much less than the one I have now.
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