tag:blogger.com,1999:blog-7123542260692860177.post2728468986198264900..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Investment Advice: where do you get it?HouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7123542260692860177.post-44512235618287304032007-10-19T14:08:00.000-07:002007-10-19T14:08:00.000-07:00http://www.cra-arc.gc.ca/newsroom/alerts/2007/a070...http://www.cra-arc.gc.ca/newsroom/alerts/2007/a070813-e.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-75360726991921664082007-10-19T09:44:00.000-07:002007-10-19T09:44:00.000-07:00"Such as one where you buy prescription drugs for ..."Such as one where you buy prescription drugs for third world countries at wholesale prices and deduct the retail price off your income tax."<BR/><BR/>So that's how they do that...A guy at work tried to get me into that scheme. I was dubious as to the legality of it all, however, there appears to be some sort of tax loophole which makes it all legal. I wonder when they'll close that.<BR/><BR/>On the topic of investments:<BR/>A friend of mine once told me that sound financial advice is never free and if it is, watch out. I'm in the process right now of looking for an adviser. Our workplace (DND) has CFPs available at no charge, but the waitlist is about 3 months long.<BR/><BR/>Should I go with the workplace CFP? Or move on and find someone else?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-65765759877480003362007-10-19T07:49:00.000-07:002007-10-19T07:49:00.000-07:00This is my personal dilema also.Who can you trust?...This is my personal dilema also.<BR/>Who can you trust?<BR/>Who has the expertise?<BR/><BR/>I basically default to the chartered banks. While they don't make you gobs of money - they generally don't loose it either.<BR/><BR/>I am put off with people who consider themselves financial wizards, and who could close up shop and move to the Bahamas the next day. I don't like people who want to come to my home and "review" my portfolio.<BR/><BR/>I don't like hidden charges or high management fees, or firms with "boiler room" sales people.<BR/>I don't like "creative" schemes and hidden agendas. Such as Registered Education Savings Plans pushed by some companies - when you can do the same through the banks without charges and penalties.<BR/><BR/>It seems, that with the growth of perceived wealth in real estate, a lot of financial schemes are pushed by dubious characters. Such as one where you buy prescription drugs for third world countries at wholesale prices and deduct the retail price off your income tax.<BR/><BR/>SiobhanAnonymousnoreply@blogger.com