Further on my RRSP Series, I contact Preet from Where Does All My Money Goes to get a copy of his brand new RRSP Book. Since Canadian Capitalist and Four Pillars already wrote their review last week, I decided to postpone this Friday review today. Instead, I’ll be giving away one of his book on Friday! If you haven’t win CC’s contest, here’s your chance! Read further if you want to know how to participate to this contest!
Who is Preet?
Besides being the writer behind Where Does All My Money Goes, Preet is an investment executive (the title sounds great, isn’t?) affiliated with Scotia Mcloed. He has been in the financial industry for several years and his recognized among his peers.
What is the main idea?
The main idea was to create a unique resource in regards to the world of RRSP’s. There is not much information for investors that want to know more about this great financial tool. Therefore, Preet is coming with this very useful book, trying to compile every possible RRSP strategies. He finally came up with 41 things you can do with your RRSP’s.
The strategies in this book go from parking your RRSP in a money market account to hold your mortgage within your RRSP account and end up with what he calls the “Preet Principle”; a more sophisticated and more intelligent way of investing money.
What keeps you reading?
What I really like about his book is the “blog” format. Small chapters, easy to understand strategies with a smiley face at the end of the paragraph. I like the examples used in this book as it makes investing in a RRSP account easy and clear for everybody. While some chapters sound a bit basic, it is still a good refresh for everybody.
The strategies are increasing in complexity and level of knowledge as you are reading them. Therefore, neophyte investors can read the first 100 pages and the skilled investors can go directly to the second half of the book.
Are we going somewhere with it?
Definitely. The fact that this book was written thinking about new to more experienced investors at the same time give the opportunity to anybody that cares about his retirement to learn something new. It’s a great tool to increase your investment knowledge in term of RRSP’s. Hence you can apply the techniques or at least discuss them with your financial advisor. This would constitute a great point of discussion during your next meeting!
Preet agreed to give me a copy of his book so I can give it away to one of my readers. So here are the contest rules:
– Leave a comment with your opinion on RRSP’s (1 vote)
– Register to my RSS FEED (please send an email to: thefinancialblogger(at)gmail(dot)com to advise me) (1 vote)
– Create a link back on your blog to this article (1 vote)
The winner of the contest will be published on January 26th in Saturday Financial Ramblings.
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