In finance, more options are always better. The more competition there is, the lower prices tend to go. With three new banks entering the market, we are sure to see banking costs come down. Is that reason enough to change banks? In this episode of The Fat Wallet Show, we consider when it’s a good…

…because they come from wealthy families that have access to everything from better nutrition to more free time. Parents will spare no expense to give their kids whatever they can to ensure their future success. Does that mean private schooling should be the goal for every parent, no matter the cost? I’m not convinced. In…

…you’ll probably come to enjoy becoming efficient at it. If you’d prefer some guidance, we’ve heard great things about Tax Tim.              Listen / download here. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. Win of…

…don’t have a company pension fund. I currently manage my own with an RA, a TFSA and an EE account. I pay more than double on my bond. One of your listeners noted that one can submit their RA contribution to HR and have the rebate on a monthly basis compared to once annually. With…

This community is all about not leaving money on the table. Buying and selling shares at the right time can have a long-term impact on the performance of your portfolio. This week we discuss two questions relating to timing buying and selling shares and ETFs. Win of the week: Mukhtaar, for solving the tax on…

…some ideas on choosing the right type of product. Find our conversation on tax-free investing here. The video of this event is here. Listen / download here. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. The Fat Wallet Show is a…

Survivors of a battle with the Debt Monster already got a nasty introduction to the world of fees. A combination of account fees and interest on debt will leave you poorer every time. This baptism of fire may have been unpleasant, but it’s not a lesson you’re soon to forget. Those most vulnerable to the…

This is not the first time I’ve heard people buying insurance products to leave money to loved ones who aren’t financially dependent. In cases of premature death, it’s genius (aside from the dying). However, insurance companies are money printing machines because they understand how to harness probability. When you take out a life insurance policy,…

…they use the the overall index to validate their statement. I guess they are not referring to some bespoke index with smart beta components. To me any “smart or not so smart beta” is moving away from passive investing towards active investing even if the costs are lower. Passive investing should be no more complicated…