January 2011 - Newsletter
It's RRSP Season Again! Yep, it's that time of the year again. Make sure you have your T4 ready and have calculated your maximum contribution. The deadline to contribute to your RRSP is March 1, 2011. Investment Landscape People have been asking me what's the best place to invest right now? Are we out of the recession yet? Is the U.S. back on track? Here's my own view and my views are not necessarily the same as what you hear or read in the media or from portfolio managers. Let me answer the first one as that is the easiest one to answer. The best place to invest is worldwide, always. You cannot have a portfolio concentrated into one country like Canada. Canada only represents a small percentage of the world market. Adding just 20% foreign equities into your portfolio would expose you a lot of potential growth from China, Europe, India, etc. But how much to invest in foreign equities will depend on what stage you are in your life. If you are nearing retirement or you ar