Festive Season 2010 Newsletter
TriDelta Insight
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5 Year Closed:   3.54%
5 Year Variable: 2.25%
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Email: tedr@tridelta.ca
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Dear reader,
Happy new year.

This issue marks the first of our new monthly format given all your requests for more newsletters.

2011 is the 'year of the rabbit' according to Chinese astrology. A placid year, very much welcomed and needed after the ferocious year of the Tiger. We agree.

This issue has a number of insightful articles spanning investments, real estate and wealth building strategies. On the lighter side we explore the growing trend of tea and provide a few great reading suggestions.

Enjoy and be well,

TriDelta Financial

A case against home ownership
A case against home ownership
The debate about owning versus renting has raged for decades and for good reason as there are pro's for both. However if considered purely from a financial perspective there is a strong case against home ownership.

A typical example for comparison purposes is a Toronto property up for either sale or rent. It lists for $680,000 and is offered for rental at $2,700 pm. This is a rent multiple of over 250 times. The annual rent is only 4.8% of the sale price, which supports the case for renting given that this amount would easily be consumed by property tax, insurance, mortgage interest (or opportunity cost), maintenance, etc.
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The commodity markets in 2011
The commodity markets in 2011
Evidence is building that the economic recovery is now becoming self-sustaining, and the bigger picture looks far brighter than many realize. We asked one of our leading portfolio managers to provide some insight on the commodity sectors.

The improving economic environment has yet to fully translate into investor action and we're happy to have positioned our portfolios for the market turnaround seen in recent months. They say, 'the early bird, catches the worm'. Legendary investor Warren Buffett declared that the key to investment success is to be greedy when others are fearful, and fearful when others are greedy.
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When a gift is not a gift?
Proper planning is required when making charitable donations and we encourage you to discuss your ideas with us for appropriate advice. We asked one of the accountants that we regularly partner with on client initiatives for his comments:

A recent court decision underscores the importance of complying with strict legal requirements when making charitable donations. This is especially vital where, as is often the case with substantial gifts, the donation is to be made by means of a series of payments over a period of time.
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The wonder of tea
The wonder of tea
Many traditional coffee drinkers are making the switch to tea for health, taste and mystic reasons. We have explored the basics and continue to enjoy the fascinating and delicious world of tea we discovered:

With tea shops popping up all over the country, it's no surprise that tea now accounts for about 10% versus coffee's 14% of Canadian non alcoholic beverage consumption. Did you know that after water, tea is the most widely consumed beverage in the world?
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Is it always best to max your RRSP?
The RRSP - friend or foe.

The mutual fund industry has a clear opinion. Based on their commercials, the RRSP is the best friend Canadians (and the mutual fund industry) have ever had.

The reality is that often it is a great friend of investors - but when it comes to paying the piper in retirement, or at Estate time - there is a down side.
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Some amazing reading ideas
Book review
The Family Dinner: Great Ways To Connect With Your Kids, One Meal At A Time, author Laurie David:

Laurie David's mission is to help over whelmed families sit down to a family dinner, and she provides all the reasons, recipes and fun tools to do so. Research has proven that everything we worry about as parents can all be improved by the simple act of eating and talking together around the table. This book will get everyone away from electronic screens and back to the dinner table.
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