My_question_is: Canadian-specific
Subject: Proportionally, How much to invest in Canada?
Expert: taxman at centa.com
Date: Saturday December 30, 2006
Time: 11:41 PM -0500
QUESTION:
If one foresees retiring in Canada and spending the bulk of the year within
the country, what proportion of one's total investments should be in Canada?
That is, one would like to have stable and predictable income in Canadian
dollar terms yet be exposed to the wider world and its' opportunities.
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david ingram replies:
For most of the last five years, one of the best place to have your money in
equities was Canada. Not only has the TSX been outperforming the DOW most
of the time, but the Canadian Dollar rose some 30% relative to the US dollar
and stayed in general above most other world currencies.
If your intent is to stay in Canada and take advantage of our medical, etc.
I would say that the majority of your money should be Canada based because
that is the only way to be sure that you actually have money to spend in
Canada at Canada's cost of living.
Do Yourself a favour and get hold of a book by William Bonner (with Addison
Wiggin).
The book is called Financial Reckoning Day
Surviving The Soft Depression of the 21st Century
and is a marvellous description of finances and how they relate to wars,
etc. It covers a multitude of bubbles, Japan, the US, etc.
Published by Wiley, it's ISBN is ISBN-0-471-44973-3
I bought mine on Amazon but any bookstore should be able to get it for you
or the publisher's phone number is: (201) 748-6011.
----------------------------------
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