Articles written about financial advice in specific, but advice as a general topic as well. Advice can be helpful or very dangerous in nature. Advice should rarely be taken solely on face value. Investigate advice further, before using it.
Careless Talk Can Be Dangerous ; Especially Advice!
Sometimes the best financial advice comes from the least expected places like a comedian joking about Canadian banks. This post walks through the author’s shift toward passive investing, holding dividend-paying bank stocks, and building a DRIP strategy within TD Waterhouse. The result? A hybrid strategy with both index funds and long-term blue-chip stocks. Learn how passive investing in Canada can be both simple and surprisingly profitable, even when it starts with a punchline.
I have had more than one person ask what are financial bloggers good for (hence the title), and I can assure you that the Finance Bloggers that I know are all golden (in my books). Many… Read More »What are Financial Bloggers Good For?
The text criticises some prevalent financial advice today, deeming them as mindless responses to important questions. It highlights examples such as the encouragement of payday loans, purchasing of lottery tickets as retirement plans, the acceptance of high indebtedness, and the justification of excessive Management Expense Ratios (MER) for mutual funds. The author underlines the importance of questioning dubious financial guidance despite how simple or naive these financial queries may seem.
Sometimes folks don’t like it when you tell them something that seems simple to them, but they don’t realize it isn’t that rudimentary advice for others. Nothing is as simple as you think it is, there is always a back story.
