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What can we do for you?
- Identify the many Myths in the financial system, including the dream of “beating the market” through individual stock selection.
- Identify the key factors to becoming better do-it-yourself investors AND identify those which are under your control, such as an optimum allocation of your investments across appropriate asset categories.
- Accompany you each step of the way in the saving and investment process- see our User Guide.
- Help self-investors to better control their costs, what Warren Buffett calls the financial system’s friction costs.
- Help you better use your tax-exempt (
 RRSP) account.
- Show you how to minimize your tax-related investment costs.
- Give you access to information to help you better manage a portfolio intended to constitute an important source of retirement income.
- Identify areas where the financial system does not adequately take into account the interests of independent investors.
- Encourage reforms to the regulatory system.
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Help us to help you become a better independent investor. Your comments are appreciated and welcomed on our commentaries or on any other aspect of the site- not only what you find but also how it is presented. In addition, we specifically ask for your input at various points throughout our site.
Technorati Profile
Stock Quotes
For more details on the choice and meaning of the symbols click here.
| S&P;/TSX |
13034.38 |
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| Dow Jones |
N/A |
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| S&P500; |
2021.15 |
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| Dollar |
N/A |
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| XIU.TO |
19.44 |
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| IVV |
203.96 |
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| EFA |
58.11 |
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| EEM |
32.40 |
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| XBB.TO |
31.66 |
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| AGG |
108.28 |
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| XSB.TO |
28.56 |
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| XRE.TO |
14.64 |
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| RWR |
89.94 |
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| RWX |
38.99 |
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WELCOME to our site for the independent investor which was officially
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The Quebec government proposes retroactive legistation |
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 One limit that democratic governments are reluctant to cross is to legislate retroactively, i.e. to pass a law that alters the legal, tax or other effects of an action taken in the past by a citizen in accordance with the rules of the game in force at the time of the action.
The Quebec government is currently holding hearings on whether to introduce a bill that just would cross that limit. Maybe because the people involved are unionized municipal employees most of the media have to date given extensive coverage to the apprehended benefits to municipal finances of the proposed legislation rather than the retroactive nature of the proposed measures for the impacted individuals .
Is the state of public finances in Quebec in such bad shape that the government is justified in taking such measures? As a lawyer and as an investor we have serious reservations. The vast majority of retroactive laws are bad. We believe that once a government adopts such measures with respect to one class of citizens, the risk increases that it will adopt retroactive measures, for example, aimed at investors, businesses or other categories of citizens.
As the great french philosopher Jean Jacques Rousseau once said:
...like ravenous wolves, which, having
once tasted human flesh, despise every other food and thenceforth seek
only men to devour.
Jean Jacques Rousseau (1754) On the Origin of the Inequality of Mankind, part 2
If you are interested, you can read here
(or as a PDF
doc.2238) the submission (in french) that we made to the commission of the National Assembly of Quebec that is holding hearings warning of this danger. And if you are concerned about this precedent we encourage you to forward your views to the Prime Minister of Quebec (
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
) before it's too late.
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Last Updated ( Sunday, 07 September 2014 )
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