Less RRSPs?

CBC reported today that RRSP contributions are going down and that trend is expected to continue. Economists are worried because it means less funds out there in the world to play with, for people to borrow against etc. Now don’t get me wrong, I know this may mean increased interest rates etc. but let’s look at it another way – if the powers that be are playing with my investment money and making money off it but I’m making less than peanuts – or worse, taking a loss as happened last year with one of our investments – why would I keep putting money into that and not put it into things like… paying down my mortgage so I rely on interest rates less? What is wrong with us that we go into debt to try and make more money instead of just paying off what we have and no longer relying on this financial system which has repeatedly shown itself to be in a complete mess?

Am I missing something?



Filed under Uncategorized

3 responses to “Less RRSPs?

  1. Not so far as I can see.


  2. Hey, I quit throwing good money after bad too. 🙂

    Fences: now that’s an investment with a good, solid ROI … less chasing of escaped sheep!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s