Every week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.
The first article highlighted this week focuses on the importance in understanding and asking questions about investment fees. The second article covers a concern for the State of Florida and potentially lower Canadian tourist numbers this year.
Wake up, Canadians – you need to start asking more about investment fees (http://www.theglobeandmail.com/) – Can you see yourself going to a grocery store and buying a week’s worth of groceries without checking the prices? The question has to be asked in light of how people buy investments. Somehow, the keen shopping instincts we’ve developed in an online world of instant information turn to mush when we invest. If you don’t ask about the fees and costs of investing, there’s about a 50-50 chance the investment industry won’t tell you. This is clear from the results of an exercise in mystery shopping for investment advice that was undertaken by securities regulators. Product fees were discussed in 56 per cent of shopping experiences and compensation for advisers were discussed in 25 per cent…
Florida braces for fewer snowbirds this winter as low loonie, weak economy work to keep Canadians home (http://www.financialpost.com/) – The Florida tourism industry has an affectionate relationship with Canadian snowbirds. The retirees from Canada who flock here for the winter months have helped build a year-round, bustling tourism season. But some economists worry that the usual influx of Canadians — who own property here, spend weeks in seaside vacation rentals and camp out in RVs across the state — may rethink their travel plans this year as their economy slumps and the U.S. dollar remains strong. “What very well could dampen Canadian visitation this winter is how their economy contracted during the first six months of this year,” said Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida.
Come back next week for more interesting news and articles. Enjoy your weekend!