A New Book for Beginning Investors

Last fall, Glenn Cooke approached me with an idea. In addition to his work as an online life insurance broker, Glenn manages the FinanceAds.ca network that includes some of Canada’s most popular money bloggers. He wanted to bring together several of those bloggers to collaborate on a book, and I agreed to help out as editor.

After many months of work, I’m happy to announce that The Beginner’s Guide to Saving and Investing for Canadians is now available. The 100-page book is divided into five chapters, each written by a contributor with expertise in a specific area of personal finance. I’m sure you’ll recognize the names and the blogs:

Krystal Yee, a columnist at Moneyville and the blogger behind Give Me Back My Five Bucks, shows you how to create a budget. This may be the most important step in a financial plan, because investing won’t help you if you’re spending more than you earn.

Jim Yih of Retire Happy Blog explains where to save your money. He covers the basics of pension plans, RRSPs, Registered Education Savings Plans, Tax-Free Savings Accounts and other account types.

Ram Balakrishnan, the legendary Canadian Capitalist, lays out the case for passive investing and explains how to implement the strategy with index funds and ETFs, even including some model portfolios to get you started.

Frugal Trader of Million Dollar Journey shows you how to become a dividend investor, either by selecting individual stocks or by using dividend-focused ETFs.

Glenn Cooke of Life Insurance Canada.com explains basic insurance principles and helps you determine what coverage is most suited to your needs.

As the title suggests, the book is not designed for advanced investors: it’s an easy-to-read guide intended to help Canadians lay the foundation for a solid financial future. It would be ideal for a young family or anyone else who is just getting started in managing their finances.

How to order the book

The best way to order the book is through Amazon (it’s currently listed on the US site only), where it’s available for $19.95. An electronic version (in PDF format) is also available for $10.

I’m pleased to give away a free copy to one lucky reader: to enter the random draw, just leave a comment below or share this post on Twitter with the hashtag #savingsbook before midnight on July 26. [The draw is now closed.]

99 Responses to A New Book for Beginning Investors

  1. James July 25, 2012 at 12:23 am #

    Please include me in the draw. Thanks in advance for this giveaway.

  2. Marc July 25, 2012 at 3:50 am #

    Looks like a great roster of authors…

  3. Tinu July 25, 2012 at 7:32 am #

    I’d love to read the book. I read these authors’ blogs all the time, and can imagine it’s a very practical and worthwhile read.

  4. Frazer July 25, 2012 at 8:06 am #

    Would love a copy :)

  5. Michael July 25, 2012 at 8:35 am #

    Please count me in the draw, sounds like a good read and to share with family…

  6. Diahann July 25, 2012 at 8:58 am #

    Please include me in the draw for The Beginner’s Guide to Saving and Investing for Canadians. I would love to read a copy.

  7. Debbie Reynolds July 25, 2012 at 9:01 am #

    This book is exactly what my better half and I need right now! Thanks for entering me in the draw.

  8. barry July 25, 2012 at 9:37 am #

    sounds like a great book

  9. Sarah July 25, 2012 at 10:09 am #

    I subscribe to most of those bloggers as they give sound financial advice. This would surely be an interesting read!

  10. RJH July 25, 2012 at 10:42 am #

    I am still reading every edition of your column. Keep up the good work. Include me in the draw please.

  11. Raman July 25, 2012 at 10:51 am #

    I’m definitely interested in the book. Insurance is the one area in my financial plan that is still somewhat murky — I’m sure the book would help. Thanks in advance!

  12. Anthony July 25, 2012 at 10:54 am #

    Please include me in the draw. Thanks!

  13. Stella July 25, 2012 at 11:05 am #

    I’m a religious reader of your blog. I would love to win this book. Thank you for the great work you put into this site.

  14. Mark McCormick July 25, 2012 at 11:13 am #

    Hi,

    Looking forward to reading your book!

  15. Joe July 25, 2012 at 11:19 am #

    I sure could use this great book !

  16. Kevin C July 25, 2012 at 11:26 am #

    Please consider this my entry for the draw – looking forward to reading the book!

  17. Dave July 25, 2012 at 11:27 am #

    nice.

  18. Pacific July 25, 2012 at 11:45 am #

    Enjoy your writing.
    Need the book for my friend.

  19. Todd July 25, 2012 at 12:25 pm #

    This book looks interesting.

  20. Barry July 25, 2012 at 12:36 pm #

    I am discussing/educating investing with my friends. We have learnt a lot from you, Dan. Please enter me for the draw.
    Thanks so much.

  21. Antoine July 25, 2012 at 12:51 pm #

    Looks like a fantastic resource. Count me in.

  22. Paul July 25, 2012 at 1:39 pm #

    Looks great, do you have any idea when the e-book will be available so I can put the date in my calendar?

  23. SangJoon July 25, 2012 at 1:39 pm #

    I want to get this book!

  24. susan July 25, 2012 at 1:41 pm #

    Hello sounds like a great book. I look forward to reading it.

  25. Sidong July 25, 2012 at 3:58 pm #

    Try my luck here.

  26. christine July 25, 2012 at 4:06 pm #

    Woot! I am familiar with all the authors, so I am on top of some things! I would love this book.

  27. john July 25, 2012 at 4:13 pm #

    an informative book. Would have like to see a chapter on how capital markets work. Most people don’t know the difference between interest and dividends

  28. David July 25, 2012 at 4:50 pm #

    Please enter me for the draw. Thanks.

  29. Dave J July 25, 2012 at 8:09 pm #

    This book looks great! Please enter me into the draw. Thx!

  30. Ian July 25, 2012 at 8:14 pm #

    Love to win the book.

  31. uptoolate July 25, 2012 at 8:31 pm #

    love to read this one!

  32. 6miths July 25, 2012 at 8:32 pm #

    Thanks for the review! Would be great to have a copy.

  33. Frank Boyaner July 25, 2012 at 9:33 pm #

    Thanks for putting together this starter book. I look forward to reading it and recommending it to beginner investors.

  34. Lancelot July 25, 2012 at 10:20 pm #

    Please enter me in the draw.

    Thanks.

  35. Brian Lang July 26, 2012 at 7:32 pm #

    I sure could use this book

  36. Gavin July 26, 2012 at 8:46 pm #

    Love a copy!

  37. Ken July 26, 2012 at 8:47 pm #

    Please include me in the draw and thanks.

  38. Jim July 26, 2012 at 10:36 pm #

    Put me In the draw please.. I need all the help I can get

  39. Callie July 27, 2012 at 12:35 am #

    Id love a copy….

  40. Oldie July 27, 2012 at 1:25 am #

    Great Publicity for book! Please enter me in draw

  41. Be'en July 27, 2012 at 2:34 am #

    This should be a great book to help educate my kids on financial management! Please include me in the draw, Dan.

    Thanks.

  42. Ashish July 27, 2012 at 4:21 pm #

    Thanks for putting together this book. Please include me in the draw. Thx.

  43. John Lee July 29, 2012 at 2:05 am #

    Congratulations on the book.

  44. linda July 30, 2012 at 1:53 pm #

    Thank you Dan for the book. I will share the book with nieces and nephews.

    Regards,
    Linda

  45. Carol August 2, 2012 at 2:58 pm #

    This book sounds great! I’d love to win it for my daughter to get her started on the right path.

  46. Marcel August 6, 2012 at 10:50 am #

    I’d love to win the book on investing and savings!

    cheers

  47. James Alport August 6, 2012 at 9:53 pm #

    Darn, missed the draw but I will be picking this book up on Amazon. Love the Canadian focus.
    Thanks a lot,

    James

  48. Jon October 16, 2013 at 8:14 pm #

    Hello CCP, I was speaking with a life insurance sales person with regards to term vs permanent. They were saying that in a permanent insurance, you pay higher premiums ($177 vs $5112/yr for $250,000 coverage) but that you get paid tax sheltered dividends. They stated it was another means of tax sheltering. The company they used in their example was Equitable life Canada and they stated the 20yr average returns were 8% annualized with a standard deviation of 1.1. What made me skeptical was how high this number was, as well as the fact that they did this via active management. Do you have any words of wisdom regarding picking life insurance plans?

  49. Canadian Couch Potato October 16, 2013 at 8:50 pm #

    @Jon: I’m very wary of people selling permanent insurance for its tax benefits. That can certainly be appropriate in some circumstances, but it is frequently overstated by insurance salespeople. The most important consideration has to be making sure the death benefit is large enough to protect your family, and the most cost-efficient way to get a lot of coverage is through term. Life insurance is not an investment: it’s risk management.

    I did an article for MoneySense about this some time ago. It explains that permanent life insurance can indeed by right for some people, but the vast majority should stick with term:
    http://www.moneysense.ca/magazine-archive/life-insurance-is-term-life-always-enough

    Glenn Cooke (one of the authors of this book, who is also quoted in the article) is the go-to guy for this question.
    http://www.lifeinsurancecanada.com/top-10-rules-for-purchasing-life-insurance

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