Personal Finance

LinkStuff – Published At Edition

I was happy to be published at this week – my article was called “Why you might (and might not) need an RESP“. It was quite well received and hopefully they will publish more of my articles in the future.  If you haven’t checked out the site – go for it.  There are lots of interesting personal finance articles.

One of my articles was also highlighted in Rob Carrick’s reader – it was my Interactive Brokers discount brokerage review.

On with the links

Larry Swedroe answers the question – What would happen if everyone indexed?

Bell backtracks on their incredibly greedy internet usage billing plan.

Gail Vaz-Oxlade, who stars in one of my favourite shows “Till Debt Do Us Part“, has some tough love information on buying your first house.

The Financial Blogger has some great job interview tips.

Rob Carrick has some very, very cheap investment options.

Dave the Mortgage Planner thinks that the 10-year mortgage is a good idea for some people.  I tend to agree.

Dianne Nice of the Globe & Mail covers some different kids allowance methods. An amusing read.

Investor Junkie fears that his friends and family are taking advantage of his computer skills. Grow a pair and learn to say no.

An interesting fridge repair story. I never know what to do when appliances break – this article will help next time.

Michael James figures that labour shortages are really just cheap employers.

Million Dollar Journey did a Moolala book review and giveaway.

Canadian Capitalist says that the proposed family tax cut, is a tax cut for the rich.

Boomer and Echo explains how to create a Bond or GIC ladder.

Oblivious Investor answers some reader questions about investing.

Some American links

8 replies on “LinkStuff – Published At Edition”

Congrats on the Moneyville article Mike! I enjoy their site too. The comment that mentioned the returns from a TFSA would work out to be better than returns from an RESP (even with the grant money) seemed a bit odd to me.
At least the grant money is guaranteed. You have no idea what the future value of the TFSA will be, even if it’s tax free you still have to manage it properly.

Thanks for the mention!

I doubt that we’ve seen the last of Bell’s attempts to charge everyone by usage. The great thing is that as technology marches forward, usage always increases. If Bell can charge by usage they get automatic revenue increases. I fear that Bell will never outgrow its past of being a monopoly that treats its customers as the enemy.

@Echo – When it comes to RESPs, there are a number of people who think they are evil (or something) and no amount of logic will change their mind.

Any non-contributions (grant and earnings) withdrawn from an RESP are taxable in the student’s hands. It is possible that if the student is in a high enough tax bracket, that the taxes will negate the RESP grant and they would have been better off using a TFSA (or their parent’s TFSA).

I can’t be bothered to calculate, but I suspect the student would need to be making north of $50k or $60k for this scenario to come into play. I don’t think very many students make that kind of dough.

I believe that the risk of the child not going to school is far greater (and expensive) than the risk of them making too much money. 😉

@Michael – I don’t have a problem with charging heavier users, but from what I’ve read – the overage fees were 10x that charged in the US. Too much.

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