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Articles Page Two>
Investing In Mortgages within RRSPs
27 Nov 2006
Taking Control
You are a responsible person. You have been dutifully investing in RRSP funds for your adult life and look forward to being able to retire with them. Do yourself a favour and take a look at the returns you are presently getting on your RRSP investing vehicle. You will probably find that investing in mortgages within RRSPs will get you somewhat farther than conventional contributions.
If you are a Baby Boomer you have to have considered the fact that by the time you retire there is a good chance the Canada Pension Plan will no longer exist as more and more of us draw from it. You have to take your investing into your own hands and look at other ways to make a profit. That is not to say that every RRSP vehicle is bad. If yours is already self directed there is a good chance that you are already investing in real estate property in the form of a mortgages pool. That is better but what if you could be investing your RRSP money right into your own real estate property? That would be worth looking into as the real estate property market in Alberta is an excellent investing vehicle even though property prices are high. They are on track to go even higher and you can buy low (relatively) and sell high in a few years.
Buy your RRSPs but see that you are able to buy into the vehicle that sees you taking advantage of a great market. The real estate market is a great choice so make it your choice.
Rhonda Hoffman
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