I just read from this post that it is more advantageous to put new capital into a non-registered account, than it is to put it into a registered account (ie. my RRSP).
I've always suspected that new investment money should go into a non-registered account, but I have been brainwashed by the mutual fund propaganda and big bank propaganda to make RRSP investing a priority.
Unfortunately, much of my retirement money is inside RRSP's. Still, it is good to know this hidden and obscure fact that the banks will never tell you about - they want you to throw everything into an RRSP, so that they can sell you more of their mutual funds. I think this will help to provide some structure and direction for my retirement investments.
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2 comments:
Yes you have to wonder about the value of the RRSP now in light of the fact that the conservatives may do away with the capital gains tax altogether. I feel like i've been bamboozled since I have about half of my savings in a RRSP.
Hi Anonymous,
Thanks for visiting my blog!
Yeah, I wouldn't get too depressed just yet, the Libs are not going to let them do away with the CapGains tax without a fight - this could be one of those things that triggers an election call, who knows?
Anyways, I'm planning on directing any new money into my non-registered investment account, in light of this fact.
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