Beat the Bank-The Canadian Guide-Larry Bates

Beat the Bank-The Canadian Guide-Larry Bates

Author : Larry Bates

Publisher : Audey Press

Published date : 2018-09-16

Category : Business

*Available in PDF

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About the Book

Beat the Bank-The Canadian Guide-Larry Bates

The Wealthy Barber taught Canadians the importance of saving. Beat the Bank will teach Canadians the importance of investing well." Wanda Morris VP of Advocacy, CARP "Larry Bates offers a detailed look at everything that's wrong with our "traditional" investment model and even more importantly, shows readers just how easy it is to invest their money simply - and successfully. A must read." Robert R. Brown, Author of Wealthing Like Rabbits, An Original and Occasionally Hilarious Introduction to the World of Personal Finance"...enlightening, horrifying, entertaining and enormously useful" Neil Gross, former Executive Director, FAIR Canada"If you wonder why your bank-sold mutual funds are going nowhere, Larry Bates has the answers." Ellen Roseman, Toronto Star consumer columnist and investing instructor at the University of Toronto school of continuing education."Millions of Canadian mutual fund investors unknowingly pay fees that erode their returns by as much as 50% over time! Industry insider Larry Bates clearly explains how, why, and what you can do about it. Robb Engen, Boomer and Echo" Larry shares some powerful stories over his 35 years as an investment banker. It's like you're a fly on the wall in his office. Beat the Bank should be required reading in Ontario's new financial literacy course in high school." Sean Cooper, Bestselling Author of Burn Your Mortgage and Mortgage Agent
You work hard. You sacrifice to save. You risk your money in the market over your working lifetime and you trust your bank to treat you fairly. But your bank strips away half of your lifetime investment returns in fees. Without realizing it, millions of Canadians are in precisely this position.
How does the industry pull this off? The big Canadian banks - and by extension our entire financial industry - occupy a position of paternalistic authority that too many individual investors respect unquestioningly. The industry brilliantly capitalizes on the combination of poor understanding of fees, deep loyalty, and misplaced trust by charging Canadians the highest investment fees in the world. There is a better way!

About the Author

Larry Bates
a few words

Larry Bates

Larry Bates is a former senior banker and investment industry insider turned investor advocate, author, and speaker. He shows how you can build a larger retirement nest egg by switching from high-cost mutual funds to more efficient, low-cost investment products. And you can do it in a couple of hours a year. Larry Bates reveals the secrets, decodes the mystery and provides a simple, step-by-step guide to investing, proving conclusively that you don't need to be an expert to invest successfully...you just need to know the basics. It's easy when you know how!

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