Should You Only Own a Single Target Retirement Fund?

I haven’t looked at any stats recently, but last I checked, target funds are growing in popularity. The reason is because they make people feel safer.  They present a simple, little-knowledge-required way to do your investing. Thus, they target folks who know little about investing, but want to be saving for retirement.  Furthermore, they are ideal for people who don’t want to have anything … [Read more...]

The Ultimate Beginner’s Guide to Index Funds, Mutual Funds, and ETFs

If you were to jump into a Canadian lake in January, I bet you’d feel some sort of shock to your system. If you’ve never done much investing, you’ll feel a similar shock when you start to sort through all the investing options. In fact, beginning investors often use phrases like -  overwhelmed, so many choices, and I don’t know what to do. Don’t expect me to tell you what to do, but I do … [Read more...]

Mutual Fund Investing Vs. Index Fund Investing

If you asked me for advice to start investing, I’d first have to tell you that I legally cannot give specific investing and accounting advice.  Then I’d tell you that both index funds and mutual funds are better ways to invest than single stocks.  Then you might ask me which is better: mutual funds or index funds*?  Here’s what I’d say … *For clarification in this post, I’ll be discussing … [Read more...]

A Low-Cost, Diversified Investment Portfolio with Only Three Funds

You've heard it over and over, "Diversify your investments!" But how exactly do you do that? And how can you do it without getting complicated? This simple guide will show you how to diversify your investments with only three funds. Keeping It Simple & Low-Cost I'll be the first to tell you that this is not an "optimal" portfolio. It's not the best, but it's a lot better than a … [Read more...]

How To Start Investing | A Step By Step Investing Guide For New Investors

On Friday’s I answer a readers question.  If you want to ask a question you can contact me.  Recently a reader asked a very important and broad question – how do I start investing? For many, the investing world is a maze of complexity.  But it does not need to be so intimidating. In this post, I’m going to try and track back about 15 years ago to when I first invested in a mutual fund.  … [Read more...]

Fully Funded Emergency Fund: The 8 Benefits

Over the last few weeks my family has reminded me of the importance of a fully funded emergency fund. In the last couple of months we’ve had termites, a broken oven, truck air conditioning that went out, and our microwave is on life support.  While none of those events were pleasant, I’m thankful that we had a fully funded emergency fund to absorb both the cost and the stress. 8 Advantages to … [Read more...]