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Essential Reading for Every Canadian Investor
on January 29, 2010
David Trahair has done it again. I closely followed his advice in his last book (Smoke and Mirrors) and as a result avoided the carnage of 2008. After reading Enough Bull I have to say that it's even better and more to the point than Smoke and Mirrors. Yes, it is a very conservative approach to investing but that's the whole point of this strategy - to sleep soundly at night knowing that your retirement funds are OK. No, you're not going to make some 'black-swan' - type extraordinary gains using Trahair's tactics, however, you will not have to worry whether or not your portfolio is going to blow up on the eve of your retirement (something that tens of thousands of Canadian boomers have experienced as a result of sheepishly handing over their money to the banks' 'actively' managed mutual funds). If you're a middle-class investor who's looking to stash away some funds for your golden years this is the best $20 that you'll ever spend. I've bought over 10 copies of this book already for my friends and relatives. Thank you Mr. Trahair for your contrarian insight that anyone can understand and follow. Every Canadian should have a copy of this book before investing a penny. it's the perfect counterbalance to the barrage of propaganda that's unleashed on the public every RRSP season.