Hello kind sirs,
I am a Canadian who has been living in the US for a decade now. I hold Canadian citizenship and am about to apply for US citizenship as well, if they accept me I will have dual US/Canadian citizenship. I have been doing a great deal of reading on investing, I have read The Bogleheads Guide to Investing, The Bogleheads Guide to Retirement Planning and also The Intelligent Investor although I must admit I skimmed through much and had a great deal of trouble understanding a lot of what was going on in that book compared to the first two.
I feel I have a relatively good understanding of investing in the U.S. but I am having a very hard time learning about Canadian investing. I have been going through the Finiki and also found the website bylo.org but still feel as if I have many gaps in my knowledge, there are so few resources for Canadian investors it seems. Amazon is a ghost town for investment reading about Canada.
Bylo.org has a list of reading and almost all of the books are about U.S. investing, the only Canadian specific books he recommends for beginners are The Wealthy Barber (1988) The Money Advisor (1998) and The Power of Index Funds (1999)
For Intermediates he recommends The New Investment Frontier (2001) The Ten Biggest Investment Mistakes Canadian Make (2000) and The Wealthy Boomer (1998)
All of these books are more than 10 years old and I am afraid that they are too outdated to be relevant. Has anyone read any of them or have any other Canadian investment reading that they could recommend to me?
I did some searching around these forums but was having a hard time finding info other than the e series funds at TD Waterhouse are the best Index funds for Canadians, and that the Canadian Couch Potato portfolios were good options.
I live and work in the U.S. at the moment but plan to eventually move back to Canada in about 5 years give or take a few. I am trying to figure out if it would be a bad idea to have all of my investments in the core 3 Vanguard funds recommended by Taylor Larimore. All of my currency would be in US dollars, when I move back to Canada wont I have to pay a hefty fee to convert this currency to Canadian money once I cash in my investments for retirement? (I plan to retired in 25 - 35 years) Also the Canadian dollar is worth more than the U.S. dollar right now, although it seems many on here say the Canadian dollar is more susceptible to fluctuations.
What is the most sound advice for Canadians, to have investments in both countries, or only one?
Any advice would be much appreciated by this confused Canuck.
Thank you Bogleheads, happy new years!
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” | | ― Albert Einstein