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Old 08-07-2005, 10:51 PM   #1
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Hi everyone, Well, 2 1/2 months to full-timing. We've now bought into Holiday trail resort which will open some cheap camping doors for us. We've listed our house for sale this week and my question is: We are curious as to how and where do most of you folks invest your money into??? We are thinking RRSP but would like something with a bettter return....such as buying a piece of property or something like that!!!

Any thoughts/suggestion would be greatly appreciated

Claude and Val
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Old 08-07-2005, 10:51 PM   #2
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Hi everyone, Well, 2 1/2 months to full-timing. We've now bought into Holiday trail resort which will open some cheap camping doors for us. We've listed our house for sale this week and my question is: We are curious as to how and where do most of you folks invest your money into??? We are thinking RRSP but would like something with a bettter return....such as buying a piece of property or something like that!!!

Any thoughts/suggestion would be greatly appreciated

Claude and Val
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Old 08-24-2005, 04:07 AM   #3
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Hi Clauval: Not sure about your question regarding property. Do you mean buy vacant land and wait for price appreciation? that is speculation and is risky. Or did you mean buying a rental property for investment? Which means you would be a landlord? If you travel a lot you would be a absentee landlord and presents problems. Realestate is a hands on investment and requires your time to manage it. RSP's or investment accounts do not require you to be there they are managed by the professionals of the financial group you invested in. Do you want or need income from the funds now, or in the future sometime? Right now interest related funds and bond funds are getting poor resullts but dividend and equity funds are very high performing. What is your risk tolerance? how bad do you need them to perform well or do you want a lower but more secure investment. More secure means lower return, higher the risk usually the better the return. For example: since I retired and now travel more, I sold off all my rental real estate and converted the profits to investment accounts in mutual funds, and filled up RSP's and spousal RSP's for income splitting to decrease taxes later. Now I do not have to be around to manage tenants and property, this has made life much easier.
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Old 08-25-2005, 08:19 AM   #4
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Assuming that the money to fund your investment is coming from tha sale of your home and at some time in the future you will replace the fixed dewelling.

As stated above you will have to stay secure so the money will be there to replace a fixed dwelling so you will have to accept less return.

Prices will go up on real estate so you will have to find a smaller place when the time comes as you will not grow funds in a secure position as fast a real estate will go up.

We all face this problem and deal with it on an individual basis. The need for good advice is there, you are your own best source of decision, so ask, research, and choose.

Good luck.
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