Interesting Investing Facts, that you may not have been aware of…

Here are the real facts, about real Canadians and how they Invest their Money

 10 Interesting Investment Facts for Canadians

 

 

Investing Facts1. How much is really in there?

At the end of 2011, Canadians held more than $780 Billion dollars inside their RRSP’s. This does not include any private pensions or Tax Free Savings Accounts (TFSA’s)

 

2. How much of that is the Governments?

If all Canadians “cashed in” their RRSP’s this year, it could generate roughly $328 Billion worth of tax to the Canadian Tax Coffers. Remember, it is only Tax Deferred, not tax Free. Plan your RRSP’s appropriately so you may enjoy tax efficient income in retirement…

 

3. Where can I invest?

Did you know that your restricted RRSP investment in Foreign property is nearly eliminated, allowing you to invest in nearly any geography in the world. This allows you to be diversified and participating in foreign success as well as our own success…

 

4. How much does everyone else have?

The average 55 year old Canadian has less than $110,000 invested inside their RRSP after the meltdown in 2008. Even if you were able to double that by retirement at 65, that would leave you with less than $250,000 to last you the rest of your life without having to work. This may sound like a decent amount of money, but it would really only sustain you at about $1300 per month for life… Don’t be fooled by Savings, think Income instead…

 

Investing in Burlington, Hamilton and oakville5. We need Credit cards to survive right?

According to a CIBC Study done in 2012, more than 59% of retirees still have consumer debt to take care of while living in retirement. Take care of your problems today to prepare for a healthy retirement.

 

6. The rule of 72…

The Rule of 72. Compounding is a wonder of the Cosmos. Take whatever interest rate you are receiving on a regular basis, and divide that number into 72. That is how many years it would take your $100 to double into $200, through compounding. If you received a consistent 7.2% return on your money, it would take 10 years to double. When was the last time you had received a constant 7.2% over 10 years?

 

 7. Don’t just let it ride…

As you get older you need to adjust your risk tolerance to better suit the market uncertainty and fluctuations. Meaning the older you get, the more conservative you should be with your money to avoid a market collapse in your “Retirement Risk Zone”. Conservation is key as you near retirement. It’s not what you have, but what you get to keep…

 

8. Who else owns our RRSP’s?

In 2012, Countries outside of Canada invested more than $45 billion into our markets. That is more than 5% of what we personally invest in our own markets. Slowly but surely other countries are seeing the value of the stability of our markets. You should have the same level of confidence.

 

Learn to create your dream9. Do we need to worry about the problems in the USA?

Of the $45 Billion invested in Canadian markets last year, more than $18 billion came from the US market. They currently are our most trusted partner when it comes to investing in Canadian Companies…

 

10. How much should I be putting away?

The old adage of investing 10% of today’s earnings to sustain your future income needs still holds true. As illustrated by the Babylonians over 2000 years ago, you must take some of today’s money to fund your future needs. We all “have” the ability to work in retirement, but that shouldn’t be the plan…

 

How can we Help You? If you have felt a little neglected by your Bank or Advisor, then maybe its time to give us a call. Enjoy our Platinum Level Service Promise.

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Investing in Burlington, Hamilton and oakville

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