All posts by Jonathan Chevreau

Weekly Wrap: Hub’s 1st birthday; new Finance Minister wrote a Retirement book, and a book about NOT retiring

Victory Lap RetirementApparently, the handover of power from the Conservatives to the Liberals was deemed as more newsworthy this week but we at the Hub did note via a Tweet that our first-year birthday came and went on Wednesday, Nov. 4th. Happy birthday to us!

Starting with Mike Drak’s Halloween blog last Saturday, we have revealed that the title of the “Life After Findependence” book we’ve co-authored will be Victory Lap Retirement. The book is now with the editor and should be out in the new year.

There was a “sneak peek” of sorts on Monday on Larry Berman’s Berman’s Call segment on BNN, which you can find at Findependence.TV or clicking on Saving for Retirement in a low-return world. Gee, there’s that word retirement again!

Also, I’ll be providing a more in-depth peek at the book in three presentations entitled From Findependence to Victory Lap Retirement, the first of which is scheduled this Sunday in Vancouver. We go to Calgary on Nov. 22 and Toronto Nov. 29th, all Sunday engagements. You can find details and register for these, as well as other cities and dates, here.

We plan to send out pre-release PDFs of the book next, in order to improve accuracy and  possibly generate a few testimonials. If you’re a “media influencer,” feel free to ask for one by emailing me at jonathan@findependencehub.com

By the way, this theme of the Boomers not being ready to stop working in Retirement is also being explored this weekend by the Globe & Mail. See I don’t believe in Retirement: 5 Boomers on why they’re not ready to quit.

New Finance Minister Bill Morneau wrote the book on Retirement

Continue Reading…

Video: Buyer Beware — Don’t Be Fooled By Style Drift

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Allan Miller

The latest in FWB TV’s Evidence-based Investing series of videos is now available to view.  You can find it here at FWB TV or at Findependence.TV, where we house all videos.

Just under four minutes, this instalment features Alan Miller of the UK’s True and Fair Campaign and the phenomenon of style drift, which often afflicts actively managed funds.

Style Drift refers to a fund manager moving away from their stated objectives and can make fund returns misleading. Examples cited in the video are value funds buying growth stocks or vice versa, or even equity funds that buy bonds (the most notorious example of the latter being a former manager of the Fidelity Magellan Fund).

The video spends a good amount of time on the relative outperformance of small-cap stocks relative to large-caps. But even then it concludes that index funds will provide partial exposure to the small-cap return premium, without subjecting investors to undue risk.

The crucial distinction between being “Cheap” and “Frugal”

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Credit Canada’s Laurie Campbell (Linked In)

My blog today in the Financial Post looks at the critical distinction between being “cheap” (universally condemned as being not a good thing), and “frugal” (generally acknowledged as a good thing and the key to living within your means and building financial independence. You can find it here under the headline Jonathan Chevreau: How being Cheap is causing Canadians wallet pain.

Next week Capital One Canada and Credit Canada Debt Solutions will be kicking off Credit Education Week with a Twitter-based social media campaign that challenges readers to divulge their own happy stories of being frugal and not-so-happy tales of being cheap.

Sounds like fun!

Momentum building on Save our $10,000 TFSAs petition

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WorkingCanadians.ca’s Catherine Swift

FP Comment has run a guest article by Working Canadians’ Catherine Swift about the campaign and petition to save the $10,000 annual contribution limit for Tax-free Savings Accounts.

You can find it here, headlined Save our $10,000 tax-free savings accounts.

The Hub focused on this issue on Tuesday, linking to a piece I wrote on the petition in the Financial Post that day: Save our TFSA: Working Canadians launches petition to preserve $10,000 limit.

That piece also includes a short video by me on this topic, which you can also find housed here at Findependence.TV.

Here again is the direct link to the petition.

The numbers signing it are rapidly rising but if you feel strongly about the issue, the more you can use social media and e-mail to spread the word, the better!

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Save our TFSA: Working Canadians launches petition to preserve $10,000 limit

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Malcolm Hamilton: Higher TFSA limit needed in world of low interest rates and rising life expectancies

As my online piece in the Financial Post this morning reports, Catherine Swift and her Working Canadians group are releasing an online petition urging millions of Canadians with Tax-free Savings Accounts (TFSAs) to ask the incoming Liberal administration to keep annual contribution levels at $10,000.

You can find the Save our TFSA petition here.

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Catherine Swift, WorkingCanadians.ca

As we noted last Thursday in Working Canadians’ Catherine Swift to Liberals: Retain $10,000 TFSA contribution limit,  one of our readers actually suggested such a petition be launched. I reproduce the email below:

There would be an enormous protest from many individuals if this comes to pass. Is there an organized petition to fight this plan, please? As a needing widow retiree, I wish to join one. — VB

Well there is an organized petition now and the Hub urges readers to sign it. Continue Reading…