Quotes of the Day

If you have true primary insomnia, current sleep medicine may not be able to help you. You might be saddled with insomnia for the rest of your lift. My best advice to you is to work on cultivating an attitude of acceptance. The condition is not fatal. In fact, your attitude about the sleep problem may play a huge role in your ability to function at a high level. Look at it from a positive perspective: The condition frees more time for you to do things in the evening. Yes, you might feel a bit fatigued, but there are medications to treat that too if you like. [2017] - W. Chris Winter

If you know you have a market that is uptrending and you want to take mainly long trades, the best thing to do is to look for dips in the oscillator to the oversold levels to buy. [2003] - Marcel Link

In the long term, bonds don't make as much money as stocks. But they're less volatile, so they can save your account from falling to the bottom of a stock market canyon if the market gods want a heavy laugh. [2017] - Andrew Hallam

Ideally, your marginal tax rate at the time you contribute to an RRSP should be higher than it will be when you start drawing an income from those savings. To measure the impact with precision, you would need sophisticated tax-optimization software, the type that is being developed by a firm called mygoals. Tax efficiency is the main reason for splitting contributions between an RRSP and a TFSA. Another reason is that you never know when you may have to dig a little deeper for some emergency spending in retirement. If you withdraw a large lump sum from your RRSP, it could catapult you into a higher-income tax bracket. You can avoid that by withdrawing the necessary funds from a TFSA instead. [2021] - Frederick Vettese

House investments with the greatest potential for growth in your TFSA - TFSA money won't ever be taxed (presuming there are no changes in the law). Foreign ETFs should be held in your RRSP - The reason is that foreign dividends are subject to withholding tax, usually about 15%. You can get that money back on U.S. investments, but not on stocks based in other countries. The withholding tax doesn't apply on investments held inside an RRSP. [2013] - Russell Wild