From the author of How to Pay Less and Keep More for Yourself , the essential Canadian investment guide.
This is the kind of investment advice that Canadians crave, at a time when they need it super-savvy, easy to use, and written in a no-nonsense, take-no-prisoners style that's often outrageously outspoken.
Rob Carrick is a highly respected Globe and Mail columnist and expert on personal finance and consumer banking, Rob Carrick's Guide to What's Good, Bad and Downright Awful in Canadian Investments Today is the only all-Canadian practical guide to protecting yourself and prospering in a challenging economy.
Systematically arranged with clear and logical headings and handy lists of information, this is a book that can be read cover to cover with enjoyment and to great personal benefit, and used also as a reference for answers to specific concerns.
The time is right for Rob Carrick's Guide to What's Good, Bad and Downright Awful in Canadian Investments Today .
I recommend this book to anyone looking at getting more involved in managing their investments. The book covers different investment vehicles as well as some fundamentals of dealing with the industry (discount brokers, financial advisers).
The best part of Carrick's book is that is is loaded with lists of good and bad mutual funds, ETFs, stocks, investment companies, and websites that are excellent resources. Canadian DIY investors should put this on their 'must read' list.
A good book, one whose advise I'd like to follow - if I wasn't already embarking on a tricky journey with a financial adviser right now. I need to navigate that relationship first.
However, a couple things I want to retain:
He recommends the TD e-Series of Index funds and the TD Canadian Bond fund.
Also: useful investment calculators include Ativa Interactive, Fiscal Agents, and the Compound Interest Calculator.
You're thinking of managing your own investments, Looking for a financial advisor, Don't completely understand what your financial advisor is telling you, Are thinking about building a nice balanced portfolio of ETF's, or Don't understand what that last point means.
A great book, written in a clear, easy-to-digest manner.
Alright book however it is starting to get a little dated (I didn't realize publication was in 2010). With that said, it is interesting to see the progress of investing in Canada since this book was released (namely, fees for index ETFs have improved over the past 9 years, and there are some super all-asset ETFs that greatly simplify investing for the average investor).
Rob generally seems to be an advocate for low fee, passive investing, but isn't against stock picking. I'm curious if his opinion has changed over time or not.
I think his chapter devoted to choosing an advisor is still very relevant today; unfortunately, many people who are interested in reading these books already know enough to likely get better results with a self-directed, low-cost ETF portfolio.
Excellent guide for beginners and centered around practical advice. Missing a little more advanced discussion and many of the sites recommended are now obsolete (2023)
I have my first meeting about investing at the bank tomorrow. I don't want to go in totally ignorant, so I went to the library and got a couple of books. This was one of just a few books from a Canadian perspective. While his first book might have been a better introduction for me, this one was easy to read and gave me some foundational knowledge. I like how the chapters are broken up. I first read the mutual fund and choosing an adviser chapters (most relevant for tomorrow), then read the others while skipping the DIY chapter.
Before investing in Canada, every newbie should read this book. After reading this you'll be confident enough to make a decision to be a DIY investore.