Comments on: Book Review: The 10 Biggest Investment Mistakes Canadians Make and How to Avoid Them http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm Building Wealth through Saving and Investing Thu, 18 Mar 2010 23:42:59 -0400 http://wordpress.org/?v=abc hourly 1 By: The Financial Blogger http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm/comment-page-1#comment-36296 The Financial Blogger Tue, 20 May 2008 20:55:51 +0000 http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm#comment-36296 I think the home bias factor is really important. I keep seeing people that hold the Quebec 10 or the TSX 10 biggest companies thinking that they are diversified... I guess that when you buy actually see the company buy their products, it helps people to think that they are real ;-) I think the home bias factor is really important. I keep seeing people that hold the Quebec 10 or the TSX 10 biggest companies thinking that they are diversified… I guess that when you buy actually see the company buy their products, it helps people to think that they are real ;-)

]]> By: Jordan Clark http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm/comment-page-1#comment-36286 Jordan Clark Tue, 20 May 2008 19:36:47 +0000 http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm#comment-36286 Wow I can't believe you reviewed this book, I also highly recommend it. I picked it up when I first started to learn about investing and it's always left the biggest impression on me. I found it made some very big statements and actually backed them up. My only regret is I didn't act on the book after the first time I read it. Indexing wasn't well known at all then. I talked about it with my "financial advisor" but was told basically the exact opposite of the book, that basically they could time the market, mutual funds were a good investment, not being too aggressive even though I was 20 years old, and trust them because they're the professionals. I left things in my advisor's hands too long, had kids and didn't have time to be involved with investing. Looking back now if I had just trusted my gut feeling and gone with an indexing strategy and followed the simple advise of this book my portfolio would have been much better off. Wow I can’t believe you reviewed this book, I also highly recommend it. I picked it up when I first started to learn about investing and it’s always left the biggest impression on me. I found it made some very big statements and actually backed them up.

My only regret is I didn’t act on the book after the first time I read it. Indexing wasn’t well known at all then. I talked about it with my “financial advisor” but was told basically the exact opposite of the book, that basically they could time the market, mutual funds were a good investment, not being too aggressive even though I was 20 years old, and trust them because they’re the professionals.

I left things in my advisor’s hands too long, had kids and didn’t have time to be involved with investing. Looking back now if I had just trusted my gut feeling and gone with an indexing strategy and followed the simple advise of this book my portfolio would have been much better off.

]]> By: Dividendgrowth http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm/comment-page-1#comment-36275 Dividendgrowth Tue, 20 May 2008 18:25:27 +0000 http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm#comment-36275 I totally agree with the poster above. Seems to me that most people that start in the markets seem to think that they could time it successfully and retire in 1 year.. Which is so far from the truth for most people.. I totally agree with the poster above. Seems to me that most people that start in the markets seem to think that they could time it successfully and retire in 1 year.. Which is so far from the truth for most people..

]]> By: top investing strategy http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm/comment-page-1#comment-36233 top investing strategy Tue, 20 May 2008 10:01:02 +0000 http://www.milliondollarjourney.com/book-review-the-10-biggest-investment-mistakes-canadians-make-and-how-to-avoid-them.htm#comment-36233 I go with your post. Not only Canadians, many others do the same mistakes. I go with your post. Not only Canadians, many others do the same mistakes.

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