Digital due diligence

Have you taken inventory of your digital assets lately? Maybe you should.

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  • Digital assets, including social media profiles as well as music, photo and book libraries, should be accounted for in your net worth assessments, says WhereDoesAllMyMoneyGo.com guest columnist Albert Luk.
  • We’ve talked a lot lately about the recent market rally and how now’s the time to buy. In his latest blog post, Larry MacDonald explains why record equity inflows have contrarians worried.
  • A new RBC poll suggests Canadians have dramatically cut back their retirement saving goals. On average, poll respondents said they’re hoping to sock away $564,000 for retirement, down from $778,000 in 2011. It’s hard to know for sure how much anyone will need to retire happy, but we recommend contributing roughly 12% of your pre-tax income to your RRSP each year.
  • Given yesterday’s news about record high consumer debt levels in Canada, we thought it would be a good idea to share some debt reduction strategies. Canada’s Office of Consumer Affairs has a great online guide to help you take charge of your debt.

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