2007 News Archive
Seeking Alpha - Dec 25 2007
Tactical, as Opposed to Calendar Rebalancing
Tactical rebalancing might be a better option than the commonly used calendar- or threshold-based approaches. Here is an excerpt of a note to that effect sent to me by Warren MacKenzie of Second Opinion Investor Services and author of The Unbiased Investor. more »
Montreal Gazette - Dec 10 2007
Ten ways to avoid being ripped off
During the past few months, I spent a lot of time researching stories about insurance and mutual-fund adviser Rocco Di Stefano and the staggering losses a good number of his clients are facing on investment notes he sold them.
Before this story, I covered the Mount Real scandal where about 1,600 small investors have lost $130 million in similar types of investments sold to them by financial advisers. more »
MoneySense Oct 1 2007
Wonder Woman
You can get tired just listening to Lee and Marina Carter’s daily routine. The couple is raising five kids while holding down two jobs - and all of this while Marina is going to law school part time. Lee, 44, works in a public relations firm in Calgary, earning $85,000 a year, while Marina, 33, works evenings as a web editor for a local television station, making $55,200 a year.
more »
Seeking Alpha - July 1 2007
Financial Planning Tips from Warren MacKenzie
I am finding Warren MacKenzie’s The Unbiased Advisor to be a good source of financial planning tips - and not just the usual generic kind. There is also detail on specific financial products and practices. Here’s a few from his book: more »
Globe and Mail - May 29 2007
Advisers take bad rap in batch of investment books
Regulators are on always your case with new rules to follow, clients are being spoiled rotten by a never-ending bull market for stocks and now you’re the bad guy in a new crop of personal finance books. more »
Stockhouse - March 30 2007
STANDUP Advice: Second Opinion
Advice evaluation is just a click away. The business of offering financial advice is often referred to as a “trust based” business. Unfortunately, given the relatively low levels of financial literacy in Canada, most people are ill equipped to judge the merits or reasonableness of the advice they receive. To make matters worse, whenever they go to another expert for an opinion, it almost always results in the new person offering more criticism than praise about the status quo. more »
Montreal Gazette - March 19 2007
Plan ahead for meeting with adviser
The RRSP season brings many small investors face to face with their financial adviser for the one and only time each year.
For many people, these portfolio reviews are also the only time they seriously think about where they’re going with their retirement savings. more »
Toronto Star - February 28 2007
Diversify to shrug off bad days like these
How did you feel when you heard about yesterday’s sharp stock market selloff?
A) You shrugged your shoulders and said to yourself, “The market is taking a break after hitting so many record highs this month.”
B) You cursed the financial adviser who recommended your high equity exposure and made a promise to find someone new. more »
