Jonathan Chevreau has launched an ambitious project with the unveiling of FindependenceHub.com, a portal dedicated to all things related to financial independence. In addition to articles from Chevreau himself, you’ll also find blogs from prominent guest authors, podcasts and video content, and discussion forums for every age and stage of findependence. Definitely worth checking out.
Robo-advisors are getting a lot of buzz lately and as usual Sandi Martin provides a sensible breakdown of how (and why) to choose between these online investment management companies.
“If you’re seriously looking at what the online advisors are offering (and you should be), I’d invite you to use the Canadian Online Investment Option Calculator as a starting point to calculate the relative cost of each service.”
This week’s recap
November is financial literacy month and one major area of concern is how to incorporate money teaching concepts in school. I asked if banks should have a hand in promoting financial literacy.
Marie tackled a complex topic this week with a guide to converting your RRSP to a RRIF.
Are you to blame for your own financial problems or were they created by circumstances outside your control? Over on my Earn Save Grow blog I looked at who is responsible for your financial woes.
Finally on Rewards Cards Canada I explained why sometimes Aeroplan “rewards” are more expensive than booking directly on Air Canada or WestJet.
Sheryl Smolkin wrote about her road to findependence after taking early retirement a decade ago.
New York Magazine featured Mr. Money Mustache, the personal finance blogger who wants you to spend like you’re poor.
Speaking of bloggers and major media, read this story of a 27-year-old “millionaire” blogger who duped his readers – and Yahoo Finance – about how he built his wealth.
The New York Times had a fascinating article called the folklore of finance – beliefs that contribute to investors’ failure.
After a nearly two-year study that aimed to answer the question, What does true investment success look like?, Suzanne Duncan, global head of research at State Street’s Center for Applied Research, and her team found that the way individual and professional investors made investment decisions was so skewed that achieving both high returns and long-term objectives was nearly impossible.
The State Street study on the folklore of finance came out this week and you can read the full report here or the executive summary here.
Million Dollar Journey explained how to save money with USD to CAD foreign exchange using Norbert’s Gambit.
Michael James on Money compared receiving dividends versus capital gains in retirement.
Barry Choi at Money We Have listed six bank secrets to be aware of.
Dan Wesley from Our Big Fat Wallet looked at how your daily commute affects your finances.
Mark Seed from My Own Advisor offered up some solid mortgage tips for homeowners of all ages.
Have a great weekend, everyone!