Comments on: Canadian Banks Q1 Review- Why We Are The Best

By: My Stock Picks | Financial Highway

My Stock Picks | Financial Highway — Wed, 25 Mar 2009 07:06:24 +0000

[...] most international bank, recently reported the best results out of all the 5 major banks. I think all Canadian banks are a good option, I like BNS mainly due to the more international exposure and a lot of room to grow domestically. [...]

By: Weekly review of personal finance blogs for week of March 9th | Financial Highway

Fri, 13 Mar 2009 05:21:49 +0000

[...] Canadian Tax Resources featured a guest post by us on Critical Illness Carnivals MoneyNig Hosted the 55th Money Hacks Carinval. Included our article on Canadian Bank Q1 Review. [...]

By: Money Hacks Carnival #55 - Thank You Edition | Personal Finance Blog by Money Ning

Wed, 11 Mar 2009 14:04:28 +0000

[...] presents Canadian Banks Q1 Review- Why We Are The Best posted at Financial [...]

By: Ray

Ray — Thu, 05 Mar 2009 17:26:33 +0000

I agree that investors need to try to educate themselves a little when it comes to their investments, as well FA’s have a responsibility of educating their clients. I have seen many FA’s just telling their clients what to invest in and thats all.

By: Recessionista

Recessionista — Wed, 04 Mar 2009 21:30:36 +0000

I really like what you said about Canadian banks being conservative. I think one thing all of us can take away from this mess is that being a little conservatism and risk averse doesn’t hurt when making financial decisions. As well, in my opinion majority of investors don’t understand the reality of risk and this makes it easier for FAs to build their portfolios and brush past the risk stuff. KYC is ever more important and it goes both ways. Investors should also do their homework and get to know their FAs and not be afraid to ask questions of them. I was once told not to invest with anyone who hasn’t suffered a substantial loss themselves as they couldn’t appreciate the gravity of explaining risk and ensuring their client’s are 100% on board. I am not blaming FAs for some of the losses that people have had to incur. I just feel very strongly that investors need to self-educate and make conscious decisions and FAs have the responsibility of educating their clients. As well all know people like Bernard Madoff won’t think twice before using others for their means.