Comments on: Here’s what I’m doing with my RRSPs. What are you doing? http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/ helping canadians be savvy, informed and thoughtful about their money Wed, 10 Mar 2010 03:00:24 +0000 http://wordpress.org/?v=2.9 hourly 1 By: brad http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-12021 brad Wed, 04 Mar 2009 12:17:20 +0000 http://nancyzimmerman.com/?p=776#comment-12021 I've been in index funds for many years, as far as I'm concerned it's the only way to go for a long-term investment. I'm still at least 15 years away from retirement so I have most of my RRSP in equities, just a small portion in bonds and GICs. The fact that their value has dropped in the past year doesn't bother me, because with 15 years between now and retirement there's a lot of time for them to recover. What matters now is how many shares I own, not what they're worth. And right now, with index funds at bargain prices, I'm buying more shares for the same amount of money. It's a gamble, but any long-term investment is a gamble. If I put all my money in bonds and GICs, that would be risky because inflation is likely to pick up once the economy starts recovering, and in 15 years my investments would probably be worth less than they are today. I’ve been in index funds for many years, as far as I’m concerned it’s the only way to go for a long-term investment. I’m still at least 15 years away from retirement so I have most of my RRSP in equities, just a small portion in bonds and GICs. The fact that their value has dropped in the past year doesn’t bother me, because with 15 years between now and retirement there’s a lot of time for them to recover. What matters now is how many shares I own, not what they’re worth. And right now, with index funds at bargain prices, I’m buying more shares for the same amount of money. It’s a gamble, but any long-term investment is a gamble. If I put all my money in bonds and GICs, that would be risky because inflation is likely to pick up once the economy starts recovering, and in 15 years my investments would probably be worth less than they are today.

]]> By: How to Live in Canada http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-12014 How to Live in Canada Tue, 03 Mar 2009 17:48:04 +0000 http://nancyzimmerman.com/?p=776#comment-12014 I am also with Squawkfox and Wooly Woman. As I don't have an account with TD, I just opened a TFSA account. After that, I can open an e-Series account and then, start buying. <abbr><em>How to Live in Canada’s last blog post..<a href="http://feedproxy.google.com/~r/HowToLiveInCanada/~3/-mOeeibS5sg/" rel="nofollow">Best of How to live in Canada in Feb 2009</a></abbr></em> I am also with Squawkfox and Wooly Woman. As I don’t have an account with TD, I just opened a TFSA account. After that, I can open an e-Series account and then, start buying.

How to Live in Canada’s last blog post..Best of How to live in Canada in Feb 2009

]]> By: Squawkfox http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-11991 Squawkfox Fri, 27 Feb 2009 15:43:02 +0000 http://nancyzimmerman.com/?p=776#comment-11991 I'm with Wooly Woman! I too do the MoneySense Couch Potato with index funds. I also do GICs for the cash portion of my RRSP. :) <abbr><em>Squawkfox’s last blog post..<a href="http://www.squawkfox.com/2009/01/19/6-words-that-make-your-resume-suck/" rel="nofollow">6 Words That Make Your Resume Suck</a></abbr></em> I’m with Wooly Woman! I too do the MoneySense Couch Potato with index funds. I also do GICs for the cash portion of my RRSP. :)

Squawkfox’s last blog post..6 Words That Make Your Resume Suck

]]> By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-11988 Canadian Personal Finance Blog » Blog Archive » Random Thoughts Fri, 27 Feb 2009 12:32:21 +0000 http://nancyzimmerman.com/?p=776#comment-11988 [...] Zimmerman shares Here is What I am doing with my RRSP. What Are you Doing with Yours? She thinks it is a buyers market, but my question is, are we at the [...] [...] Zimmerman shares Here is What I am doing with my RRSP. What Are you Doing with Yours? She thinks it is a buyers market, but my question is, are we at the [...]

]]> By: Wooly Woman http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-11981 Wooly Woman Thu, 26 Feb 2009 16:06:58 +0000 http://nancyzimmerman.com/?p=776#comment-11981 I am learning about the Couch Potato Strategy and investing in index funds. This is primarily for my son's RESP, but also I think in the future my RRSP strategy will be similar. I like reading about your adventures up north, glad you and the dogs made it there safe and sound. <abbr><em>Wooly Woman’s last blog post..<a href="http://feeds.feedburner.com/~r/WestcoastWoolies/~3/504494471/arrives-first-tooth.html" rel="nofollow">Arrives the first tooth!</a></abbr></em> I am learning about the Couch Potato Strategy and investing in index funds. This is primarily for my son’s RESP, but also I think in the future my RRSP strategy will be similar.

I like reading about your adventures up north, glad you and the dogs made it there safe and sound.

Wooly Woman’s last blog post..Arrives the first tooth!

]]> By: Shireen http://nancyzimmerman.com/2009/02/heres-what-im-doing-with-my-rrsps-what-are-you-doing/comment-page-1/#comment-11978 Shireen Thu, 26 Feb 2009 03:41:44 +0000 http://nancyzimmerman.com/?p=776#comment-11978 I'm not buying any RRSPs this year, but I like your reasoning. It's hard to figure out which companies will do well in a recession, yet there must be quite a few opportunities for the long term out there, like the Yellow Pages or the banks, places that aren't likely to go away. <abbr><em>Shireen’s last blog post..<a href="http://pario.blogspot.com/2009/02/coyotes-head-to-beaches-and-fight-with.html" rel="nofollow">Coyotes Head to Beaches and a Fight with City Hall</a></abbr></em> I’m not buying any RRSPs this year, but I like your reasoning. It’s hard to figure out which companies will do well in a recession, yet there must be quite a few opportunities for the long term out there, like the Yellow Pages or the banks, places that aren’t likely to go away.

Shireen’s last blog post..Coyotes Head to Beaches and a Fight with City Hall

]]>