Investorial

The RSP season has come and gone. I had previously promised to blog about RSP advertisements and compiled a bit of information to that respect. I had prepared some materials about ING Direct, Altamira, Scotia Financial, the ROI fund and more.

However, I had a change of heart.

As more and more media came out to try and “help” consumers deal with the RSP season. I kept questioning why there was need for a “season”? Investing shouldn’t be about a certain 60 day period of the year! One of my friends even remarked that she thought “RSPs can only be bought during RSP season! I knew I had a lot of work to do here.

I decided that I did not want to be an influencing factor during this season. Self-publishing on the internet may be my hobby, but it also carries a responsibility. Whether I want to or not, the words that appear here may influence peoples’ decision. No disclaimer in the world can do away with my own guilt if I feel that I should not be blogging about RSP during the madness.

Now that this “season” is over, I do intend to blog about the material I’ve prepared. I also wish to discuss more about this seasonal mentality that we carry with us.

I haven’t gone off the deep end yet. Investorial is not a Blog about my own portfolio. I also don’t share the propensity to divulge my investment practices as other bloggers do. But I did enjoy reading The Dividend Guy and Investing Intelligently provide updates about their portfolio decisions.

The decision to not involve myself with posting portfolio updates is because the spirit of Investorial is to talk and discuss about media influences in the investment and financial arena. In my mind, it’s a conflict of interest to talk about my own investment practices.

However, I felt it was relatable to share with you that I have recently disposed of any seggregated funds in my portfolio. I used to have a small position in a seg fund that I bought at the beginning of my investing career. You can read my views about seg fund in this archived post.

This is neither an endorsement for or against seggregated funds, but a post about the fact that one shouldn’t jump into investments for the wrong reasons. I jumped into the situation while I was only starting to learn about investments, I was listening to friends and “advisors”. I was also less knowledgable and catch-phrases like “guarantee” were pleasing to a consumer like myself who only hears what they want to hear.

Arming myself with knowledge, I’m able to look back at my decisions and critique them. I chose to redeploy the invested capital and I’ve learnt to judge with a critical eye before leaping into action.