“Long-term investment success is ultimately determined by the ability to ignore external ‘noises’ and concentrate on the issue of buying good businesses.”
~ Michael Lee-Chin
Using the right tool for the job
“Sometimes people say to me, “I hate RRSPs.” Honestly, that statement does not make a lot of sense. A Registered Retirement Savings Plan is just a tool to get a job done. It would be like someone saying, “I hate hammers,” or “I hate needle nose pliers.”
Usually when people tell me that they hate RRSPs it’s because they are either not using them correctly, or there is a misunderstanding. Folks, if you smack your thumb with a hammer, it usually is not the hammer’s fault.”
Brad Brain_ Using the right tool for the job _ Alaska Highway News
Posted in All Columns, Income Tax Planning, Retirement Planning