Weekend Reading: SPIVA Edition

The SPIVA Canada Scorecard looks at the performance of actively managed Canadian mutual funds versus that of their benchmarks. The results over the long-term show that the majority of active managers underperform their benchmarks. And it’s not even close. Here are the biggest losers: Canadian Dividend & Income Equity Funds – Only 6.67% of the active Canadian…

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Starting Over After Divorce: A Boomer & Echo Financial Makeover

Jackie Caine (42), a newly single mother of two pre-teen children, is struggling to cut costs and pay her bills after the collapse of her 18-year marriage. She had always managed the bills, mortgage payments and shopping previously, but did so without actually giving money much thought. Their combined income was always enough, and payments…

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How Much Choice Is Too Much?

So, I’m standing glassy-eyed in front of a six-foot wall of toothbrushes at my local supermarket. “Can you pick up a new toothbrush for me?” my husband requested. I naively thought I’d just pick up a soft-bristle brush in a not-too-girly colour, and be on my way. Did you know there are more than a…

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Mortgage Brokers Gone Bad

When it comes to buying a home or renewing a mortgage term, many financial experts recommend using a mortgage broker to help find the best mortgage rate and terms. The reason is that mortgage brokers work for you – not the bank (even though they’re paid by the lender and not the client) – and can leverage…

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