For anyone thinking about a new career teaching English as a second language with low barriers to entry and opportunities for travel, this article tells you how to do it.
Another thoughtful post from Smart Living on asking for what you want and being persistent in asking. As someone else has said, if you ask and you don’t get, you are just asking the wrong person.
Robert Powell seems like guru on the finances of retirement. He’s seen it all, the fads and the fallacies and sums it up nicely in this lengthy and in depth article.. his last for Market Watch. Get a coffee and bonder his observations.
How to tap into your home equity. This article compares the pros and cons of a home equity loan and a line of credit. I found the line of credit to be the better option because I only pay the interest on the loan and don’t have to pay off the balance of the loan.
Try housesitting.. thousands of possible homes.Click Here!
People who retired often consider downsizing vehicles. Here is a good analysis of the pros and cons of owning vs car sharing
The same mind-set and habits that work so well when people are building their nest egg can damage their quality of life—and their investments—in retirement.
Source: The Mental Mistakes We Make With Retirement Spending – WSJ
See the Link to my Shopping Page for sites with lists of seniors discounts. It would be handy to have it all in a searchable database n’est pas? I think the 15% offered by the Bay on the 1st Tuesday and the 20% at Shoppers on the last Thursday with an Optimum Card are worth adding to your Calendar.
Source: Senior Discounts from 40 to 65
I have been managing my finances using Bank of Montreal Investorline and Vector Vest sites for many years. I used the stock analysis system in Vector Vest to do the actual trading in Investorline. It has been quite time consuming project and becomes a hobby if you like doing this kind of thing. Vector Vest has a 5 week special on for $ 10.00 but after that it is about $ 60.00 or about $ 20 a month for the Ipad or IPhone version which is quite limited. I found the analysis done by Vector Vest has been better than the stock analysis provided by BMO Investorline. Another fund analysis system in Morningstar which I have used but also did not find it was as helpful as Vector Vest. Vector Vest has a number of algorithms that rate stocks on multiple criteria at the same time, giving you a score.
However I recently tried to buy some mutual funds on the BMO Investorline site and I was quite disappointed with the time it took to find some high performing funds that were available for purchase on their web site. Lets say it took me two days and 2 emails to Investorline to discover they only hold a limited selection of mutual funds that the individual investor can purchase on line. They have posted a pdf on their users site with list of their holdings which are mainly BMO, RBC and TD holdings with some US $ holdings within those companies. They do not list Fidelity or Manulife Funds, which have had good returns. Lets just say they could provide a better service to their clients by including a filter to screen for stocks that can be purchased on line. The only sell series D funds. The best 3 year performance on the Morningstar site was TD Science and Technology Series F at 23.36% while the top Series D stock was RBC Global Technology at 18.02%. Thus Investorline clients would potentially loosing out on 5% return over 3 years unless they seek out other vendors of mutual funds or switch banks which is not a pretty thing. 😒
I am not an investment advisor so take this analysis with a disclaimer. These were the top preforming mutual funds based on 3 year performance that are held by BMO Investorline using the Morningstar fund screener. How long did it take me to do this? About 6 hours.
||$ Current Price
||$ Market Value
||Morningstar Rating For Funds
||% Total Return 3 Year
||% Total Return 5 Year
|RBC Global Technology Sr D
|RBC Life Science & Technology Sr D
|RBC US Dividend Sr D
||RBF 1019 CDN/RBF 1541 US
|PH&N US Multi-Style All-Cap Equity D
|RBC US Equity Class Sr D
||RBF 3150 CDN RBF 3539 US
This weeks job has been to investigate annuities and RRSP withdrawals