Comments on: Rules of Thumb & Misconceptions of Financial Advisors http://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/ Canadian Tax Help & Financial Planning Resources Sun, 12 Feb 2012 02:53:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: helphttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-6157 help Mon, 26 Apr 2010 12:33:26 +0000 http://blog.taxresource.ca/?p=4461#comment-6157 good helpful post good helpful post

]]> By: The Rathttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5694 The Rat Mon, 15 Mar 2010 02:56:31 +0000 http://blog.taxresource.ca/?p=4461#comment-5694 @Tax Guy: Gotcha, i didn't know what angle you meant by it, but now I understand and see where you're coming from. Good points. @Tax Guy: Gotcha, i didn’t know what angle you meant by it, but now I understand and see where you’re coming from. Good points.

]]> By: djhttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5693 dj Mon, 15 Mar 2010 02:51:07 +0000 http://blog.taxresource.ca/?p=4461#comment-5693 Good post..... Good post…..

]]> By: Tax Guyhttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5690 Tax Guy Mon, 15 Mar 2010 00:08:03 +0000 http://blog.taxresource.ca/?p=4461#comment-5690 I feel that many consider their home an investment. If it were an investment, the historical rate of return after tax, include the incredible amount of cost to maintain the property, is horrible. Further, it is a singe investment and lacks any sort of diversification. I'm of the belief that most should wait to buy a home until they have amassed more savings. I feel that many consider their home an investment. If it were an investment, the historical rate of return after tax, include the incredible amount of cost to maintain the property, is horrible. Further, it is a singe investment and lacks any sort of diversification. I’m of the belief that most should wait to buy a home until they have amassed more savings.

]]> By: The Rathttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5682 The Rat Sun, 14 Mar 2010 17:03:55 +0000 http://blog.taxresource.ca/?p=4461#comment-5682 Interesting indeed.When you mention the home, do you mean that underdiversification because investors aren't buying homes, or because there are borrowing opportunities in relation to one's home? Interesting indeed.

When you mention the home, do you mean that underdiversification because investors aren’t buying homes, or because there are borrowing opportunities in relation to one’s home?

]]> By: Tax Guyhttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5680 Tax Guy Sun, 14 Mar 2010 15:07:59 +0000 http://blog.taxresource.ca/?p=4461#comment-5680 @The Rat: I speak with financial advisors frequently and the YLO is one where I am surprised they are unaware it does not pay dividends.One area of underdiversification many overlook is their own home. @The Rat: I speak with financial advisors frequently and the YLO is one where I am surprised they are unaware it does not pay dividends.

One area of underdiversification many overlook is their own home.

]]> By: The Rathttp://blog.taxresource.ca/rules-of-thumb-misconceptions-of-financial-advisors/comment-page-1/#comment-5667 The Rat Sat, 13 Mar 2010 15:43:46 +0000 http://blog.taxresource.ca/?p=4461#comment-5667 Great thread. I think there's a lot of important information for investors and the average tax payer to keep in mind here.Some notable ares of interest for me was the discussion how the distribution income earned with income trusts are often and mostly treated as interest income and not dividend income (which is treated more favorably). I also have shares in YLO.UN and I didn't know that that was the exact breakdown in terms of how distributions were treated.Regarding TFSAs, I think every adult Canadian should take a hard look at TFSAs; I think they're a great investment vehicle.Nice paragraph on diversification. I think a lot of investors, despite the fact they very well may have a good concentration of fixed income and equity positions, may have a too high of a percentage of weightings allocated to a particular sector (such as oil & gas) and this could prove to hurt a portfolio's value in a big way if its not balanced properly. Great thread. I think there’s a lot of important information for investors and the average tax payer to keep in mind here.

Some notable ares of interest for me was the discussion how the distribution income earned with income trusts are often and mostly treated as interest income and not dividend income (which is treated more favorably). I also have shares in YLO.UN and I didn’t know that that was the exact breakdown in terms of how distributions were treated.

Regarding TFSAs, I think every adult Canadian should take a hard look at TFSAs; I think they’re a great investment vehicle.

Nice paragraph on diversification. I think a lot of investors, despite the fact they very well may have a good concentration of fixed income and equity positions, may have a too high of a percentage of weightings allocated to a particular sector (such as oil & gas) and this could prove to hurt a portfolio’s value in a big way if its not balanced properly.

]]>