Larry Bates - Beat the Bank

The Wealthy Barber taught Canadians the importance of saving. Beat the Bank will teach Canadians the importance of investing well. Larry Bates makes a clear and compelling case that when it comes to our retirement savings, we Canadians are being duped. Investing for our retirements is a great idea; meekly turning over our savings to a financial advisor at a Big Six bank or other major financial institution is not. Whatever your level of financial knowledge, if you have investments in mutual funds, this book will provide the motivation, and the easy to follow directions, to help you take control of your investments and have more money in your pocket for retirement. WANDA MORRIS, VP OF ADVOCACY, CARP

This book will pay for itself after reading chapter 1. KEN KIVENKO, PRESIDENT, KENMAR ASSOCIATES, AND INVESTOR ADVOCATE

If you wonder why your bank-sold mutual funds are going nowhere, Larry Bates has the answers. He helps you leave Old Bay Street, where the advice is not in your interest, to find better investments at New Bay Street, where costs are low and consumers come first. With step-by-step instructions, Bates gives you confidence to make this journey. ELLEN ROSEMAN, TORONTO STAR CONSUMER COLUMNIST AND INVESTING INSTRUCTOR AT UNIVERSITY OF TORONTOS SCHOOL OF CONTINUING EDUCATION

Enlightening, horrifying, entertaining and enormously useful. NEIL GROSS, FORMER EXECUTIVE DIRECTOR, FAIR CANADA

Larry Bates offers a detailed look at everything thats 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

Millions of Canadian mutual fund investors unknowingly pay fees that erode their returns by as much as 50 percent over time! Industry insider Larry Bates clearly explains how, why, and what you can do about it. ROBB ENGEN, FOUNDER, BOOMER & ECHO

If its true the best game wardens are reformed poachers, then Larry Bates tips for beating the bank should be valuable for average Canadian investors. Bates spent thirty-five years working for the four major financial pillars and lays out three wealth builders and three wealth killers. In a nutshell he counsels investors to beat the banks at their own game by dumping high-fee mutual funds for low-cost ETF s and, for good measure, buying Canadian bank stocks. JONATHAN CHEVREAU, FOUNDER, FINANCIAL INDEPENDENCE HUB, AUTHOR OF FINDEPENDENCE DAY, AND CO-AUTHOR OF VICTORY LAP RETIREMENT

Larry shares some powerful stories over his thirty-five years as an investment banker. Its like youre a fly on the wall in his office. Beat the Bank should be required reading in Ontarios new financial literary course in high school. SEAN COOPER, MORTGAGE AGENT AND BESTSELLING AUTHOR OF BURN YOUR MORTGAGE

Beat the Bank is an insightful, entertaining, and shocking look at how the traditional investment industry separates you from your money by desig n... and what you can do about it. SANDI MARTIN, CFP, PARTNER, SPRING FINANCIAL, AND CO-AUTHOR OF WOMEN & MONEY

In Beat the Bank, Larry Bates demonstrates how you can build a larger retirement nest egg by making the investment industry work for you, not against you. The book shines a bright light on issues that investors should be aware of and wary of; its full of useful tips, insight and guidance. ANDY AGATHANGELOU, CHIEF EXECUTIVE, TRANSPARENCY TASK FORCE

Copyright 2018 by Larry Bates

All rights reserved. No part of this book may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, without the prior written consent of the publisher or a licence from The Canadian Copyright Licensing Agency (Access Copyright). For a copyright licence, visit www.accesscopyright.ca or call toll free to 1-800-893-5777.

Audey Press
Toronto, Ontario
www.larrybates.ca

Cataloguing data available from Library and Archives Canada
ISBN 978-1-7753437-0-7 (paperback)
ISBN 978-1-7753437-1-4 (ebook)

Produced by Page Two
www.pagetwostrategies.com
Cover design by Peter Cocking
Interior design by Taysia Louie
Ebook by Bright Wing Books

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