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How I Almost Got Scammed: Lessons Learned from Trouble in “Paradise”

By Kevin

Enjoying Southeast Asia Last winter, me and the girlfriend went on a one month tour of Southeast Asia. It was a fantastic trip, and the countries we visited were very beautiful; we stopped by Vietnam, Cambodia, Thailand, and Taiwan. We took in a lot of sights, ate many different types of food, and took in… [Read More]

Filed Under: Avoiding Scams Tagged With: kino, marketing scams, Neuro-linguistic programming, Phuket, salesmen, scams, Thailand, timeshare presentations

How Mutual Funds Rip You Off with Extra Fees and Charges

By Kevin

In my last post, I showed how index funds allow you to save more money by losing less of your investment returns to management fees. Here is what different management expense ratio (MER) levels will cost you on an initial $10,000 investment at 10% growth compounded annually:

Filed Under: Avoiding Scams, Growing Your Wealth, Investing, Saving Your Money Tagged With: back-end load, deferred sales, front-end load, index funds, low load, management expense ratio, marketing scams, mutual funds, sales charge

Save More Money with Indexed Funds

By Kevin

Chart of the performance of index funds management expense ratio (MER) versus active funds management expense ratio (MER).

In my short investment journey, I have read books, articles, and blog posts about the merits of index funds. “Invest in index funds”, they say, “and stop wasting your money on management fees!” Are the authors really telling the truth? Passive investing The idea behind an index fund is simple enough: all it does is… [Read More]

Filed Under: Avoiding Scams, Growing Your Wealth, Investing, Saving Your Money Tagged With: active investing, Canada, compound growth, index funds, management expense ratio, marketing scams, mutual funds, passive investing, stocks

Couple Living, in a Small Space

By Kevin

When looking for a new home, one of the most important attributes of the home is the amount of living space that is going to be available. There are a lot of different items and tradeoffs to consider, such as where you are in life now, what needs you’ll have in the next five years,… [Read More]

Filed Under: Healthy Living, Miscellaneous, Opinion, Real Estate Tagged With: condominium, couple living, high-rise living

Should I Go with a Fixed or Variable Rate Mortgage?

By Kevin

As some of you might know, we recently made the decision to purchase a condominium. As the unit is still under construction, we won’t be able to move in until sometime in January. The long period of delivery posed a problem when attempting to get a mortgage approval from traditional places such as ING Direct,… [Read More]

Filed Under: Miscellaneous, Real Estate, Saving Your Money Tagged With: condominium, debt, emotions, fixed rates, home ownership, interest rate risk, interest rates, mortgages, planning, variable rates, Yakezie

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About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

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