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Probably way more than three ways personal financial advisors can mislead clients. But the article I want to link mentions three, so we will start there.

I agree with two of the three, but you can come to your own conclusions.

Okay, so what are these evil secrets financial advisors use to hurt clients? 

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Reduce Tax Withholdings Today

On 02/20/2013, in Cash Management, by Jordan Wilson

Most countries tax employment income at the source when earned.

If you earn $120,000 annually and your effective tax rate is 35%, then each month your employer withholds (and hopefully remits on your behalf) roughly $3500 from your net pay-cheque. At the end of the year, you file your tax return and probably get a refund for overpayments during the year.

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A Good Investor Always Saves

On 02/18/2013, in Investment Concepts, by Jordan Wilson

I am not a fan of Jim Cramer. Simply because he plays to the cameras. And I hate the theatrics.

But he talks about a time when he was doing poorly in life. And he makes a great point that should apply to all investors. So we shall give him a listen. 

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Money Tips for Young Adults

On 05/21/2012, in Asset Protection, Cash Management, by Jordan Wilson

In my post, Money Lessons From One’s Twenties, we saw some financial mistakes made by S.L. Bathgate while in her twenties. We also saw how these errors impacted her later life. And how she is trying to get back on course to better cash management and wealth accumulation.

Ms. Bathgate has a decent plan to strengthen her fortunes.

But if I was advising Ms. Bathgate, I have a few suggestion to improve on her stated plan. 

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Dangers of Dividend Funds

On 05/13/2012, in Equities, Mutual Funds, by Jordan Wilson

Dividend funds are currently very popular with investors.

In many parts of the world, interest rate yields are quite low on a historical basis. To enhance returns, fixed income investors have turned to riskier investments that may offer higher yields. Such as dividends on preferred shares or dividend paying common shares.

As well, general equity investors are turning to perceived “safer” equity investments. Common shares in large, dividend paying companies. Shares that provide capital gains potential over time, but are back-stopped by a (hopefully) steady stream of dividend income.

Sounds like a good strategy to me. But there are always risks when investing.

Here are a few things to consider when assessing dividend funds (or dividend paying shares). 

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Fiscal Lessons From Europe’s Crisis

On 11/19/2011, in Economics, by Jordan Wilson

A lot may be learned by studying the current fiscal crisis in Europe.

What policies caused today’s fiscal and economic situation in Europe?

What behaviour exacerbated the problem?

What can others learn so as to avoid getting into the same difficulties? 

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Minimizing Investment Costs: Taxes

On 12/14/2009, in Investment Strategies, by Jordan Wilson

In my post, Compound Return Investment Lessons, we explored how the principle of compounding can impact portfolio returns.

One lesson; by minimizing money spent on taxes and transaction costs, the amount available for reinvestment increases. And it is the reinvested money that is critical to successful compounding.

So what can you do to try and maximize your cash return? Let’s look at reducing taxes first.

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