Personal Wealth Benjamin Felix The TFSA is not a Toy PWL Capital 2016-03-24T10:00:09 March 24, 2016 It may be a flaw in the name. The government-intended use of the registered retirement savings plan is clear, retirement, but the tax free savings account is less commonly viewed as a long-term savings vehicle. I often meet investors who are using their TFSA to trade individual securities; the TFSA is their ‘play’ account. They are likely acting under the influence of their own overconfidence bias, imagining the large tax-free profits that they are going to make when their bet on a stock pays off, and not considering the significant negative consequences of taking unrecoverable losses within the TFSA. An unrecoverable loss occurs when a security loses its value and never recovers, something that can easily happen when trading individual securities.
Benjamin Felix Canadian investors are slow to adopt evidence-based investing Jan 19, 2016 Personal Wealth
Behavioural Finance Cameron Passmore Surprising Lessons About Investing From Donald Trump Dec 22, 2015 Behavioural Finance
Personal Wealth Benjamin Felix What if investing right before a market crash isn’t that bad? Dec 17, 2015 Personal Wealth
Market Research Benjamin Felix Forget about fees: new research highlights a compelling reason for active manager underperformance Oct 28, 2015 Market Research
Personal Wealth Benjamin Felix If interest rates have nowhere to go but up, do bonds still have a positive expected return? Oct 21, 2015 Personal Wealth
Personal Wealth Benjamin Felix If they’re so great, why doesn’t everyone invest in passive/index funds? Oct 16, 2015 Personal Wealth