Invest Skeptically

Jonathan Chevreau writes about Dennis Gartman’s presentation at the Toronto Financial Forum on his blog. He reports how the “veteran trader and newsletter publisher” urged investors to “buy what’s already going up, and to sell investments that are going down”.
“[Gartman] also suggested that even top traders like himself will be wrong 60 to 80% [...]

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RRSP “season” will be arriving soon in Canada and savvy financial advisers will use this opportunity to sell their clients on pre-authorized regular contributions towards their retirement savings plans. Dollar cost averaging, they’ll say, is the strategy to go with.
While it makes sense from a psychological point of view to [...]

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As part of a new package of changes, regulators are proposing a simple 2-page “Fund Facts” disclosure sheet. The idea is that potential investors would have to receive the sheet (and hopefully read it) before purchasing a mutual fund product. A similar package has been drafted for segregated funds.
Rob Carrick in The [...]

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In a previous blog I mentioned the Ombudsman for Banking Services and Investments (OBSI) and decided to add a little more about them.
OBSI is funded by its participating firms — which is not unusual. But, an interesting note is that they focus only on “independent and impartial” dispute resolution which means they are [...]

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James Daw writes, Legal help can tackle bad adviser, in the Toronto Star (June 12, 2007), about an investor’s options after they’ve received bad financial advice and lost money. In Canada there’s an Ombudsman for Banking Services and Investments (OBSI) with participating firms that include:

Domestic and foreign banks
Some credit unions
Trust and loan [...]

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