Sheryl Garrett - 76 Tips for Investing in an Uncertain Economy for Canadians for Dummies

76 Tips For Investing in an Uncertain Economy For Canadians For Dummies

by Sheryl Garrett
Garrett Planning Network
Camilla Cornell

76 Tips For Investing in an Uncertain Economy For Canadians For Dummies

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Library and Archives Canada Cataloguing in Publication Data

Garrett, Sheryl
76 tips for investing in an uncertain economy for Canadians for dummies / Sheryl Garrett, Garrett Planning Network, Camilla Cornell.

Issued also in electronic format.
ISBN 978-0-470-16099-2

1. Investments. 2. InvestmentsCanada. I. Cornell, Camilla II. Garrett Planning Network III. Title. IV.
Title: Seventy-six tips for investing in an uncertain economy for Canadians for dummies.
HG179.G38 2009 332.6
C2009-900545-X

Printed in the United States

1 2 3 4 5 RRD 13 12 11 10 09

About the Authors

Sheryl Garrett, CFP, founder of The Garrett Planning Network, Inc., has made it her mission to help make competent, objective financial advice accessible to all people. Sheryls fresh approach as a financial advisor working with clients on an hourly, as-needed, fee-only basis has evolved into an international network of like-minded financial advisors, the Garrett Planning Network. This book is a collaborative effort brought to you by more than 70 professional financial advisors who are members of the Garrett Planning Network (www.garrettplanningnetwork.com).

As a vocal advocate for financial education, Sheryl has frequently been interviewed on CNNfn, Bloomberg, ABC World News Now, and Fox-TV; NPRs All Things Considered and Marketplace; and in Business Week, Newsweek, Time, Forbes, Kiplinger Personal Finance, Money, Smart Money, MarketWatch, U.S. News & World Report, Glamour, Parade, Better Homes and Gardens, the New York Times, USA Today, and the Wall Street Journal. For four years straight, Sheryl was recognized by Investment Advisor magazine as One of the Top 25 Most Influential People in Financial Planning. The National Association of Personal Financial Advisors (NAPFA) honored Garrett with the prestigious Robert J. Underwood Distinguished Service Award for her contributions to the development of the financial planning profession.

Camilla Cornell is a Toronto-based freelance writer and three-time National Magazine Awards recipient. She has been writing about personal finance for 20 years for a wide range of Canadian newspapers and magazines, including National Post, MoneySense, Todays Parent, Profit, and Canadian Family. Camillas first book, How to Pay Less for Just About Anything (Readers Digest) came out in 2005 and launched her as a spokesperson for Uniroyal Canadas More Mileage for Your Money campaign offering money-saving tips for Canadian families. Her most recent book, Flipping Houses For Canadians For Dummies, appeared in 2008.

Dedication

Sheryl: On behalf of the members of the Garrett Planning Network, I dedicate this book to you, the reader. Our goal is to help answer your questions and empower you to make smarter financial decisions so that your most cherished life goals become reality.

Camilla: To all the many people I know (and those I dont) who are struggling to hold onto their dreams, goals, and retirement plans in the face of the markets ups and downs. I hope this will provide a road map so you can calm down and endure if not enjoy the ride. And to my husband and kids, who put up with my tight deadlines and the slap-dash meals I produce in order to meet them. See ya at dinner!

Authors' Acknowledgments

Sheryl: The passion and devotion of my colleagues in the Garrett Planning Network made this book possible. We all share the mission to help make competent, objective financial advice accessible to all people. This book is an extension of that mission.

Thank you to Jeff Alderfer, David Anderson, Diane Blackwelder, Kevin Brosious, Barbara Camaglia, Kay Conheady, Peggy and Chad Creveling, Helga Cuthbert, Debbra Dillon, Paul Dolce, Jake Engle, Christine Falvello, Cynthia Freedman, Eileen Freiburger, Robert Friedland, Deidra Fulton, Gwen Gepfert, Garry Good, Angela Grillo, Kathy Hankard, Katherine Holden, Will Humphrey, Ben Jennings, Kim Jones, Jean Keener, Derek Kennedy, Michael Knight, Cheryl Krueger, Derek Lenington, Charles Levin, Jennifer Luzzatto, Roland Mariano, Warren McIntyre, Herb Montgomery, Thomas Nowak, Robert Oliver, Kevin OReilly, Michael Oswalt, Abigail Pons, Dylan Ross, Brooke Salvini, Martha Schilling, Corry Sheffler, Brian R. Smith, Bruce Sneed, Janice Swenor, James Taylor, Denisa Tova, Gigi Turbow Marx, Neil Vannoy, John Vyge, Liane Warcup, and Richard Weimert. Without your insight and contributions, this book would not have been possible.