Enough Bull,

The one book your bank REALLY does not want you to read.

More than ever before, Canadians are frightened and stressed out
about their retirement and financial future. With the mortgage, car
payments and credit card bills, there never seems to be enough to
pay the current bills let alone save thousands in RRSPs. At the
same time, the large financial institutions are bombarding us with
fearful messages of destitution unless we maximize our RRSP
contributions.

The stock market crash of 2008 has proven one thing: traditional
retirement planning advice simply doesn't work. The risks are too
enormous. Throwing money into RRSPs and trusting the stock market
is like gambling with your family's future. But how do you plan for
retirement without risking everything? In Enough Bull, David
Trahair explains:

• How to invest only in 100% safe investments that will
  never decline

• How to get out of mutual funds and the stock market -
  forever

• The "Tax Turbo-Charged RRSP strategy" - why you should wait
  until you are over 50 to start your RRSP

• Exactly what age to elect to receive the CPP pension

• How to avoid the scams that lead to personal financial
  disaster

Easy to understand and simple to apply, Enough Bull shows
Canadians how to avoid all the traps and why doing the exact
opposite of what they have been told will leave them much further
ahead.

www.enoughbull.ca

Autorentext
David Trahair is a Chartered Accountant offering a broad range of accounting and tax services to businesses and individuals. He frequently appears in the media and is the author of the bestseller Smoke and Mirrors: Financial Myths That Will Ruin Your Retirement Dreams.

Zusammenfassung
The one book your bank REALLY does not want you to read.

More than ever before, Canadians are frightened and stressed out about their retirement and financial future. With the mortgage, car payments and credit card bills, there never seems to be enough to pay the current bills let alone save thousands in RRSPs. At the same time, the large financial institutions are bombarding us with fearful messages of destitution unless we maximize our RRSP contributions.

The stock market crash of 2008 has proven one thing: traditional retirement planning advice simply doesn't work. The risks are too enormous. Throwing money into RRSPs and trusting the stock market is like gambling with your family's future. But how do you plan for retirement without risking everything? In Enough Bull, David Trahair explains:

• How to invest only in 100% safe investments that will never decline
• How to get out of mutual funds and the stock market - forever
• The "Tax Turbo-Charged RRSP strategy" - why you should wait until you are over 50 to start your RRSP
• Exactly what age to elect to receive the CPP pension
• How to avoid the scams that lead to personal financial disaster
  Easy to understand and simple to apply, Enough Bull shows Canadians how to avoid all the traps and why doing the exact opposite of what they have been told will leave them much further ahead.

www.enoughbull.ca

Inhalt
Acknowledgements. Introduction.

The Fall of 2008.

Angry Yet?

Why I Wrote This Book.

Your Retirement Journey.

Down the River.

Uh-Oh, It's the Niagara River.

Retirement Journey: Plan B.

Here's What They Don't Want You to Know.

PART ONE: THE ANTIDOTE.

The Antidote: A Six-Point Plan for Financial Freedom.

1. Avoid Personal Financial Disasters.

2. You Don't Need the Stock Market or Mutual Funds.

3. Buy a Home and Pay Off the Mortgage.

4. Reducing Expenses Doesn't Have to Be Painful.

5. Forget RRSPs Until Your Debt Is Paid Off (the Opportunity Zone).

6. Ask Yourself if You Really Need an Investment Advisor.

Chapter 1Avoid Personal Financial Disasters.

The Ponzi Scheme.

Bernie Madoff.

Our Very Own Canadian Fraud.

What Did the "Average" Victim Look Like?

How Did Investors Become Involved in Eron?

What Steps Did Investors Take Before Investing?

Why Did They Invest?

Where Did They Get the Money?

The Lessons of Eron.

Extraordinary Popular Delusions.

Other Potential Disasters.

Credit Card Disease.

Taking Out a Mortgage on Your Home to Invest.

The Latest Stock Chase.

Trusting Your "Friends".

Mortgage Fraud.

How to Prevent Personal Financial Disasters.

Conclusion.

Chapter 2You Don't Need the Stock Market or Mutual Funds.

The Worldwide Economic Meltdown.

What's Next?

What Caused the Meltdown.

The Vicious Spiral.

Who Wants to Be Rich?

Why You Don't Need Stocks.

Why You Don't Need Mutual Funds.

Mutual Fund Risks.

Those Darned Mutual Fund Fees!

1. Fees and Expenses Payable Directly by You.

2. Fees and Expenses Payable by the Fund or Portfolio.

The Puke Point.

How to Get Rid of Your "Dog" Funds.

A Word about Labour-Sponsored Investment Funds.

We Won't Get Screwed Again.

The Canada Deposit Insurance Corporation.

The Advantages of GICs.

Easy to Understand.

No Fees.

Flexible.

Insured.

Why They Try to Make GICs Complicated.

How and Why They Bash GICs.

The Laddered GIC.

Getting the Best GIC rates.

Consider a Deposit Broker.

Finds the Best Rates.

Saves Time.

Provides Advice.

You Don't Pay Fees.

Who Regulates Deposit Brokers?

Fiscal Agents.

GIC Rates of the Future.

Chapter 3Buy a Home and Pay Off the Mortgage.

Ya Gotta Live Somewhere.

Gains in Value Are Tax-Free.

Source of Cash.

Great Source of Retirement Funds.

Should I Buy a House?

Can I Afford a House?

Gross Debt Service Ratio (GDS).

Total Debt Service Ratio (TDS).

Just How Much House Can I Afford?

Saving for the Down Payment.

Buying with Less Than 20% Down.

Pre-approved Mortgages.

What If I Don't Qualify?

Your Credit Report.

What's in a Credit Report.

How to Get a Free Copy of Your Credit Report.

Getting Your Credit Report Online.

How to Improve Your Credit Score.

Your Home as an Investment.

"The Best Investment I Ever Made".

Conclusion.

Chapter 4Reducing Expenses Doesn't Have to Be Painful.

Reducing Interest.

The Spending Years.

Reducing the Amount of the Debt.

Debt and the Economy.

Reducing the Interest Rate on the Debt.

Reducing Taxes.

Pension Income Splitting. Spou...