Buy Low-Cost U.S. Index Funds But Hedge Your Bets Canadians Can’t Avoid Currency Risk

Canadian stock markets took a steep plunge in February and as of mid-May were still down on the year. My wealthy friend Jim, however, is ahead so far in 2018, thanks to his disciplined approach of buying on dips, holding for the long term and reinvesting the dividends. Jim’s approach has made him wealthy. Smug and irritating, but wealthy. During a recent afternoon playing pool in the billiard room of his palatial home, Jim was even more smug and irritating than usual. “Nine...