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標題: 同咩公司買 RRSP 最好? [打印本頁]

作者: athenac 時間: 2008-2-11 12:12 標題: 同咩公司買 RRSP 最好?

又係買 RRSP 既時候
請問你地會唔會同 BANK 買呢?
因為 BANK 個 interest rate 太低喇...一般只有 3~5 %
同平時放係 saving 都無乜分別

真係唔知應該係邊到買好, 請大家俾d意見...

作者: shutterbug 時間: 2008-2-11 15:14

I use TD's mutual funds. I like them because I can do everything online and take control.

Some of their funds are pretty good. If you want the very best, then you should search around independant managers. Big banks are safer imo, very very large capital.

作者: lerico 時間: 2008-2-11 15:26

I use everything TD. Their online system is so good! Just purchased RRSP last week, quick and easy! So far the performance of their mutual funds is doing quite well compare to others.

作者: athenac 時間: 2008-2-11 17:37

TD RRSP 既 interest rate 有冇 4% 以上呀?

作者: athenac 時間: 2008-2-11 17:59

http://www.redflagdeals.com/deals/main.php/financial/rrsprates/

found this compairson rate!!

作者: pkphilip 時間: 2008-2-11 22:35

I am not financial advisor, but how I see RRSP is ways to defer taxes and obtain the largest amount of tax rebate for the current tax year.

Since it's RRSP, you won't be taking it out any time (based on your age.. haha). That means stability to me is not an issue because the money will be there for long term. This year, I am converting my RRSP to medium-high risk mutual funds with ING because I lost quite a bit of money on medium risks since 7 years ago.

The best is still to talk to a financial advisor, or go to INGDirect.ca and use their "Street Wise" mutual fund calculator.

Philip

作者: athenac 時間: 2008-2-11 23:00

thanks philip

INGDirect.ca is a online bank just like President's Choice in superstore, right?

作者: shutterbug 時間: 2008-2-12 00:06

Why put your money in GIC or whatever when the interest rate is only 4% or less???

There are many funds with better performance and they're quite safe if you're looking at a longer term. It's not hard to do 10% each year!

Right now, look for funds with large amount of bank content, their price is beaten down right now by the subprime worry but in a 3 yrs they will do just fine with good profit. Very safe too!

作者: athenac 時間: 2008-2-12 00:36

咁呢d funds 係咪都可以用黎報稅架?

作者: 快樂牛郎 時間: 2008-2-12 00:59

It may be too early for you but watch out for "overcontributing".
Not over your RRSP limit but having too much money in RRSP by the time you become 65 can also be a liability.

作者: athenac 時間: 2008-2-12 01:06

下.... 儲得錢多都係 liability!?
我極度需要 financial advisor.....有冇老友記係呀...

作者: shutterbug 時間: 2008-2-12 08:25

Open an RRSP account and you can buy funds, GIC or stocks.

I'm not sure what liability is being talked about here. Tax liability?

Well, it's still a good idea even if you get taxed later because money can be accumulated tax-free in the account plus you get tax credit for buying. However, make sure you don't make that much in the year which you'll withdraw.

[ 本帖最後由 shutterbug 於 2008-2-12 08:33 編輯 ]

作者: lerico 時間: 2008-2-12 09:09

原帖由 快樂牛郎 於 2008-2-12 00:59 發表
It may be too early for you but watch out for "overcontributing".
Not over your RRSP limit but having too much money in RRSP by the time you become 65 can also be a liability.

Absolutely agreed. Banks keep pushing people to contribute more and more to RRSP, advertise how it can save you tax now, and save for retirement. However, this might not be true to everyone.

Remember, RRSP is only going to DEFER your tax. It doesn't mean you don't have to pay the tax.

For those with stable job, in their mid-20s, and in a company that has a pension plan. When you retire, you might have TOO MUCH RRSP so that you are in a even higher tax bracket. That is, your RRSP money you are taking out plus your monthly pension might be higher than your pre-retirement income.

If you think you are in that case, it's way better to put your money in your mortgage or other investment than RRSP.

作者: daimo 時間: 2008-2-12 10:21

原帖由 athenac 於 2008-2-12 01:06 發表
下.... 儲得錢多都係 liability!?
我極度需要 financial advisor.....有冇老友記係呀...

I thought I posted that before ...

All financial advisors are biased to certain extend, depending on where they come from.

E.g.

A financial advisor from a bank will ask you to buy their bank's own mutual fund first for RRSP, and don't buy real estate. and stock is too risky for general public
A financial advisor from Insurance firm will of course, ask you to include an U-life policy, on top of everything above.
A real estate agent will tell you buy a property first and RRSP is second priority.
A stock broker will ask you to give him all your $ so that he can flip things for you, RRSP or not, forget about real estate and life policy.

None of them will necessary give you bad advice, but none of them is objective, IMO.

作者: pkphilip 時間: 2008-2-12 21:03

You should receive the Tax Assessment from last year which shows your RRSP quota, and you can start buying from there. Generally I just buy enough to maximize my refund.

Philip

作者: WaruiOne 時間: 2008-2-14 16:43

how many people here actually buy stocks with their RRSP? if so, which place would be the best place to do so, while offering you full control of the funds.

作者: wongcasey 時間: 2008-2-18 02:12

try Questrade for buying stocks
it has one of the lowest rates for a canadian online broker
you can set up both registered and non-registered accounts

作者: tripixel 時間: 2008-2-18 02:45

I look at RRSP this way. If i do not purchase any for the year, then my tax that was taken off each of my pay cheque.. IS G.O.N.E. !! i will never see it again. Or for some people might even have to pay more to the government.

For each $1000 RRSP that you purchase, you will get back "ABOUT" one third of that thousand dollar from the government. (of cause it depends what your tax bracket is)

this is a pretty good web site to calcuate your income tax for the year.

http://www.taxtips.ca/calculators/taxcalculator.htm

作者: daimo 時間: 2008-2-18 09:11

原帖由 tripixel 於 2008-2-18 02:45 發表
I look at RRSP this way. If i do not purchase any for the year, then my tax that was taken off each of my pay cheque.. IS G.O.N.E. !! i will never see it again. Or for some people might even have to ...

To buy RRSP or not, it has something to do with what your priorities are.
If you want to maximize your RRSP, then you should consider:

- if you plan to retire in Canada
- if you have any other priorities in your life which requires quite a lot of CASH, for example, starting your own business, buying your house, have some $ to play with investment (or buying $$$ stuff like a LV purse ... but that's personal choice).

It would be nice if we can borrow $ from our RRSP for starting our own business ...

作者: excel 時間: 2008-3-14 13:10

原帖由 athenac 於 2008-2-12 01:06 發表
下.... 儲得錢多都係 liability!?
我極度需要 financial advisor.....有冇老友記係呀...

I am, what can help?

作者: excel 時間: 2008-3-14 13:22

原帖由 daimo 於 2008-2-12 10:21 發表

I thought I posted that before ...

All financial advisors are biased to certain extend, depending on where they come from.

E.g.

A financial advisor from a bank will ask you to buy their bank's o ...

Depends on your opinion, we can do nothing. I partially agreed with you but we can't ignore financial planning including investment due to somebody misleading or biased, what I recommend is enhance your knowledge of basic financial planning, it's your own money, you have responsible too. Or look for a indenpendent financial planner who can give you more objective idea.

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