Enviar búsqueda
Cargar
Resp raiding even saving parents
•
0 recomendaciones
•
147 vistas
Hans Goetze
Seguir
Denunciar
Compartir
Denunciar
Compartir
1 de 2
Descargar ahora
Descargar para leer sin conexión
Recomendados
WHYNOTtsxBUBBY-07aug16
WHYNOTtsxBUBBY-07aug16
Hans Goetze
The Grail and the Goat Portfolios
The Grail and the Goat Portfolios
Hans Goetze
BlackSwanTradingTM 22sep16
BlackSwanTradingTM 22sep16
Hans Goetze
BookBuilderTM 31jan17
BookBuilderTM 31jan17
Hans Goetze
BlackSwanTradingtm 22jan17
BlackSwanTradingtm 22jan17
Hans Goetze
TaxCharityTM 15jan17
TaxCharityTM 15jan17
Hans Goetze
ABC to Zs of TaxCharityTM-31dec16
ABC to Zs of TaxCharityTM-31dec16
Hans Goetze
BookBuilderTM 31dec16
BookBuilderTM 31dec16
Hans Goetze
Recomendados
WHYNOTtsxBUBBY-07aug16
WHYNOTtsxBUBBY-07aug16
Hans Goetze
The Grail and the Goat Portfolios
The Grail and the Goat Portfolios
Hans Goetze
BlackSwanTradingTM 22sep16
BlackSwanTradingTM 22sep16
Hans Goetze
BookBuilderTM 31jan17
BookBuilderTM 31jan17
Hans Goetze
BlackSwanTradingtm 22jan17
BlackSwanTradingtm 22jan17
Hans Goetze
TaxCharityTM 15jan17
TaxCharityTM 15jan17
Hans Goetze
ABC to Zs of TaxCharityTM-31dec16
ABC to Zs of TaxCharityTM-31dec16
Hans Goetze
BookBuilderTM 31dec16
BookBuilderTM 31dec16
Hans Goetze
UUOOPPsies TaxCharityTM – 07dec16
UUOOPPsies TaxCharityTM – 07dec16
Hans Goetze
BlackSwanTradingTM 22dec16
BlackSwanTradingTM 22dec16
Hans Goetze
TaxCharityTM 15dec2016
TaxCharityTM 15dec2016
Hans Goetze
BookBuilderTM 30nov16
BookBuilderTM 30nov16
Hans Goetze
BlackSwanTradingTM 22nov16
BlackSwanTradingTM 22nov16
Hans Goetze
Babies Get It
Babies Get It
Hans Goetze
TaxCharityTM 15nov2016
TaxCharityTM 15nov2016
Hans Goetze
ABCs to Zs of TaxCharitytm-31oct16
ABCs to Zs of TaxCharitytm-31oct16
Hans Goetze
BookBuilderTM 31oct16
BookBuilderTM 31oct16
Hans Goetze
New Bank Tithe
New Bank Tithe
Hans Goetze
BlackSwanTradingTM 22oct16
BlackSwanTradingTM 22oct16
Hans Goetze
TaxCharityTM 15oct2016
TaxCharityTM 15oct2016
Hans Goetze
ABC-Zs TaxCharityTM-30sep16
ABC-Zs TaxCharityTM-30sep16
Hans Goetze
BookBuilderTM 30sep16
BookBuilderTM 30sep16
Hans Goetze
TaxCharityTM 15sep2016
TaxCharityTM 15sep2016
Hans Goetze
BlackSwanTradingTM 22aug16
BlackSwanTradingTM 22aug16
Hans Goetze
TaxCharityTM 15aug2016
TaxCharityTM 15aug2016
Hans Goetze
BookBuilderTM 31jul16
BookBuilderTM 31jul16
Hans Goetze
ABCs-Zs of TaxCharityTM-31jul16
ABCs-Zs of TaxCharityTM-31jul16
Hans Goetze
BlackSwanTradingTMtm 22jul16
BlackSwanTradingTMtm 22jul16
Hans Goetze
Más contenido relacionado
Más de Hans Goetze
UUOOPPsies TaxCharityTM – 07dec16
UUOOPPsies TaxCharityTM – 07dec16
Hans Goetze
BlackSwanTradingTM 22dec16
BlackSwanTradingTM 22dec16
Hans Goetze
TaxCharityTM 15dec2016
TaxCharityTM 15dec2016
Hans Goetze
BookBuilderTM 30nov16
BookBuilderTM 30nov16
Hans Goetze
BlackSwanTradingTM 22nov16
BlackSwanTradingTM 22nov16
Hans Goetze
Babies Get It
Babies Get It
Hans Goetze
TaxCharityTM 15nov2016
TaxCharityTM 15nov2016
Hans Goetze
ABCs to Zs of TaxCharitytm-31oct16
ABCs to Zs of TaxCharitytm-31oct16
Hans Goetze
BookBuilderTM 31oct16
BookBuilderTM 31oct16
Hans Goetze
New Bank Tithe
New Bank Tithe
Hans Goetze
BlackSwanTradingTM 22oct16
BlackSwanTradingTM 22oct16
Hans Goetze
TaxCharityTM 15oct2016
TaxCharityTM 15oct2016
Hans Goetze
ABC-Zs TaxCharityTM-30sep16
ABC-Zs TaxCharityTM-30sep16
Hans Goetze
BookBuilderTM 30sep16
BookBuilderTM 30sep16
Hans Goetze
TaxCharityTM 15sep2016
TaxCharityTM 15sep2016
Hans Goetze
BlackSwanTradingTM 22aug16
BlackSwanTradingTM 22aug16
Hans Goetze
TaxCharityTM 15aug2016
TaxCharityTM 15aug2016
Hans Goetze
BookBuilderTM 31jul16
BookBuilderTM 31jul16
Hans Goetze
ABCs-Zs of TaxCharityTM-31jul16
ABCs-Zs of TaxCharityTM-31jul16
Hans Goetze
BlackSwanTradingTMtm 22jul16
BlackSwanTradingTMtm 22jul16
Hans Goetze
Más de Hans Goetze
(20)
UUOOPPsies TaxCharityTM – 07dec16
UUOOPPsies TaxCharityTM – 07dec16
BlackSwanTradingTM 22dec16
BlackSwanTradingTM 22dec16
TaxCharityTM 15dec2016
TaxCharityTM 15dec2016
BookBuilderTM 30nov16
BookBuilderTM 30nov16
BlackSwanTradingTM 22nov16
BlackSwanTradingTM 22nov16
Babies Get It
Babies Get It
TaxCharityTM 15nov2016
TaxCharityTM 15nov2016
ABCs to Zs of TaxCharitytm-31oct16
ABCs to Zs of TaxCharitytm-31oct16
BookBuilderTM 31oct16
BookBuilderTM 31oct16
New Bank Tithe
New Bank Tithe
BlackSwanTradingTM 22oct16
BlackSwanTradingTM 22oct16
TaxCharityTM 15oct2016
TaxCharityTM 15oct2016
ABC-Zs TaxCharityTM-30sep16
ABC-Zs TaxCharityTM-30sep16
BookBuilderTM 30sep16
BookBuilderTM 30sep16
TaxCharityTM 15sep2016
TaxCharityTM 15sep2016
BlackSwanTradingTM 22aug16
BlackSwanTradingTM 22aug16
TaxCharityTM 15aug2016
TaxCharityTM 15aug2016
BookBuilderTM 31jul16
BookBuilderTM 31jul16
ABCs-Zs of TaxCharityTM-31jul16
ABCs-Zs of TaxCharityTM-31jul16
BlackSwanTradingTMtm 22jul16
BlackSwanTradingTMtm 22jul16
Resp raiding even saving parents
1.
“ Page 1 of
2 May 2013 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions. Man Bites Man! RESP – Raiding Even Saving Parents. The biggest problem with savings is the rate of inflation eating your cash savings. The reality of ‘financial products’ is they do not work to hold value for you but erode value of savings entrusted even more than the erosion of inflation. A most compelling example of this working through policy of government is the Canadian Education Savings Grant (CESG). A happy parent or grand-parent wants to do what they can to help and nurture their children so they scrimp to save for their children’s future. The Registered Education Savings Plan (RESP) seems just the responsible thing to do. The government in Canada offers no tax shelter for these plans but through the CESG will top- up with 20% to as much as $500 each year. The relevant question is whether you intended these funds be registered (but these are not tax shelters for your contributions) so as to gain the government contribution. There is not much in that. Introduced in 1998, the 2007 Canadian federal budget increased contribution limits, for every $100 deposited to an RESP, the federal government adding 20 per cent as a matching CESG to boost your savings. These can be self-directed but not without using bank held government bond funds as the income investments, which have low rates of gain. The bank annual fee eats most of the CESG (being really an incentive for you to hand over your cash to the banks so they gain fees on the lot). Current Government of Canada marketable bonds - average yield - over 10 years, 2.49% (other terms are even less) on 2500 is $62.25 (less bank management fee of $50 per year) = 12.25/2500 = 0.49%. That net gain is less than inflation which has averaged 3.02% the last decade, 3.40% over the past 17 years the same interval as a RESP is eligible to run. What about that nice $500 contribution by the government that was taken from other taxpayers social needs supposedly going to benefit your child’s education costs? Adding the CESG makes What investors expect of bankers financial products is a way to secure their hard earned savings while growing their wealth. The circularity of ‘investment talk’ one gets from fund managers and advisors who have sold you their “goods” and taken your money to ‘safely invest’ is like what Alice gets at the Tea Party. “Take some more tea,” the March Hare said to Alice very earnestly. “I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.” “You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.” Pretty much that is the case. They have taken it all before you arrived. “Alice, meet Dr. Artful Dodger.”
2.
“ Page 2 of
2 May 2013 © Copyright StockTakers Limited, All Rights Reserved. Copying Prohibited. The author does not provide investment advice. In order to use reproduce or convey the material herein, in any way, written agreement must be obtained from the author or its agent Architypes Inc. StockTakers Limited is an Alberta corporation providing information on “likeables” equities. StockTakers Limited encourages your seeking tax law advisor for capital gains tax dispositions. Man Bites Man! RESP – Raiding Even Saving Parents. that $3000 @ 2.49% which is $74.70, less bank fee of $50 = $24.70 for a net gain of 0.823%. That is still sabotage, not an investment. Over the 17 years of an RESP the erosion of wealth given with best of intentions is profoundly eaten by 3.40% inflation and only 0.823% gain. A dollar put in this fine grinding mill will leave a mere benefit of 0.64157 of every dollar put in. That means on maturity, in 2030, a mere $1924.71 will be the value in 2030 dollars of the $3000 put into that RESP with the CESG top-up. Over a third of your and government money pooled into the RESP is gone. Or look at it as just $1924.71 of the 2500 you put in, just 76.99%, is left. Nearly a quarter of the current dollar value has been eroded. While the tax-money your fellow taxpayers had added is completely gone right down the financial industry corner pocket without any supposed benefit to your child due to your money not earning an effective rate. There is no incentive for a fund manager to do more than buy a government bond and parce it according to subscriptions. “Easy come, easy taken,” says Jack Dawkins, The Artful Dodger. The situation of tax-sheltered American 529 savings plans is no different than any mutual fund product. None can show a rate of return after their fees beating inflation. The kid’s education piggy- bank is a rich target loaded with emotion of parents having done the right thing. Because we can, we have charitably provided small investors the means to raise their financial futures with our ABC’s; Tax Charity; and now, BookBuilder portfolios. We provide new theory of the firm that is logically correct and mathematically proven which markets have scientifically proven consequences. Our “likeables” are liked by the market as they have demonstrated. Our reasons for having any equity in our portfolios are clear, concise and consistent. The equities we hold are “likeables” tending to gain 67% of the time. We do not make stock prices but can reasonably respond to stock price tendencies, by our knowing the price of risk, the downside, and buying and holding accordingly. That is new fundamentals from theory we have put into policy obtaining 29% IRR average. Know What You Have. Have What You Know Our view is risk averse. Of course we require a fee for doing that. Mail us for our help. Ernst and Hans Goetze, Architypes Inc and StockTakers Limited Head Office 76 Midridge Close SE Calgary, AB T2X 1G1 72 Cornwall Street Toronto, ON M5A 4K5 351 Chemin Boulanger Sutton, PQ J0E 2K0 450 538-1270
Descargar ahora