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Feeling poorer these days? Join the club. Nearly 400,000 Canadians have lost their jobs
since last October. Even those of us who remain employed have seen a quarter or more
of our RRSPs vanish into the jaws of the bear market. Bank are soaring and debt levels
have jumped to heights that would have seemed unthinkable only a generation ago.
In a downturn of this size, it's natural to assume that you're falling behind. Many of us lie
awake at night worrying about our finances and feeling the stab of envy. Is our net worth
crumbling to shameful levels? Are our friends making more than we are? How did our
neighbors with the new BMW manage to sidestep the falling stockmarket that hammered
us — or did they?
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If you've been torturing yourself with such questions, the All-Canadian Wealth Test can
shed some much needed light on your personal finances. MoneySense launched the
Wealth Test in 2000 and this year's version is our most comprehensive yet. Its goal is
to let you see how you measure up versus other Canadians. Our research can tell you if
you're earning more or less than your peers, if you're wealthier or poorer than others, and
if your track record in the stock market is better or worse than most investors.
Feeling poorer these days? Join the club. Nearly 400,000 Canadians have lost their jobs
since last October. Even those of us who remain employed have seen a quarter or more
of our RRSPs vanish into the jaws of the bear market. Bank are soaring and debt levels
have jumped to heights that would have seemed unthinkable only a generation ago.
In a downturn of this size, it's natural to assume that you're falling behind. Many of us lie
awake at night worrying about our finances and feeling the stab of envy. Is our net worth
crumbling to shameful levels? Are our friends making more than we are? How did our
neighbors with the new BMW manage to sidestep the falling stockmarket that hammered
us — or did they?
HEADER
If you've been torturing yourself with such questions, the All-Canadian Wealth Test can
shed some much needed light on your personal finances. MoneySense launched the
Wealth Test in 2000 and this year's version is our most comprehensive yet. Its goal is
to let you see how you measure up versus other Canadians. Our research can tell you if
you're earning more or less than your peers, if you're wealthier or poorer than others, and
if your track record in the stock market is better or worse than most investors.
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| RRSP or Mortgage? |
It's RRSP season and that
means you can't turn on the
TV without some talking
head trying to bully you into
making a fat contribution.
But if you're younger and
still paying off your first
house, you shouldn't be
saving a cent for retirement
this year.
means you can't turn on the
TV without some talking
head trying to bully you into
making a fat contribution.
But if you're younger and
still paying off your first
house, you shouldn't be
saving a cent for retirement
this year.
| Click Here for full Article |
| Georgian Bay, Ontario |
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| Stephen Duquette, B.Sc. CIM, FCSI - Financial Advisor 175 Main Street, Suite 4, Penetanguishene, Ontario, L9M 1L8 705.549.5551 |
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