Quotes of the Day

As more and more time is spent on the negotiations, it becomes increasingly hard for the seller to dump the deal. If all the extras or problems are brought out at the beginning, it's so easy for the seller to just say "No!" The more time invested in a deal, the more each party has to lose if it doesn't go through. Any time spent considering the deal always increases the chances of getting the other party to say, "Yes!" [2006] - Robert Irwin

When you hold US stocks in your RRSP, there are no withholding taxes from Uncle Sam. In fact, Canada has a tax treaty with the US government that excludes retirement accounts (such as RRSP and RIF) from being taxed. Unfortunately, it is not as simple when you are buying the very same US stocks in a non-registered or cash account as well as the TFSA. If you are able to maximize both your RRSP and TFSA contribution, you should go for US stocks only in RRSP and Canadian stocks in your TFSA. Note that capital gains are not taxable in both RRSP and TFSA accounts. [2012] - Mike Heroux

We're getting older as a population, which means fewer borrowers and more savers. That's why interest rates are so low and why they're going to stay low. On the other hand, whatever is causing the low interest rates may also cause company earnings to grow more slowly in the future. As a result, the dividends on those stocks might grow more slowly too. If so, stocks may be overvalued after all. I'm inclined to go with a real return on equities of 3.5-4% over the next 30 to 40 years. [2021] - Frederick Vettese

Here are four discount brokerages for non‐American expatriates: DBS Vickers Securities, based in Singapore; TD Direct Investing International (now Internaxx), based in Luxembourg; Swissquote, based in Switzerland; and Saxo Capital Markets, located in more than 20 worldwide locations, including Hong Kong, Singapore, Uruguay, and the United Arab Emirates. Interactive Brokers, an American firm, allows Americans and non‐Americans to open accounts from almost every country in the world. If you're a non‐American expat, avoid TD Ameritrade Singapore. Investors pay 30 percent dividend withholding taxes because the brokerage trades solely on the US market. [2018] - Andrew Hallam

Success is the ability to live your life the way you want to live it, doing what you most enjoy, surrounded by people you admire and respect. [2004] - Brian Tracy