“If you wonder why your bank-sold mutual funds are going nowhere, Larry Bates has the answers.”—Ellen Roseman, Toronto Star consumer columnist
As guaranteed work pensions become obsolete, Canadians are—more than ever—depending on their own savings and investments for retirement. Ten million Canadians invest in the market, but few know how to successfully navigate within a system designed with bank profitability as the priority. Most of them are completely unaware that fifty percent or more of their lifetime investment gains will be stripped away by fees, costing them tens of thousands, or even hundreds of thousands, of dollars. Based on thirty years of experience in the investment banking business in both Canada and the UK, Larry Bates offers his readers an eye-opening examination of the investment business, revealing industry secrets and tactics that most hard-working Canadians need to be aware of with his latest publication—Beat the Bank: The Canadian Guide to Simply Successful Investing, which will go on sale on September 16.
Through easy-to-digest anecdotes and practical methodologies, readers will discover how understanding investing basics, thinking long term and minimizing costs will lead to a more prosperous future. The Page Two author’s state-of-the-art approach to retirement savings takes just a few hours each year to implement, while slashing banking fees and likely doubling investment returns compared to the typical Canadian approach of investing in mutual funds. Bates offers the knowledge and tools required to bypass Bay Street’s exorbitant fees for the long-term investing success all Canadians deserve.
After spending three decades in the business, the investment banking veteran is now focusing on investor advocacy by providing Canadians with a better understanding of investment basics with the launch of his website larrybates.ca. The author also serves as a member of the Investor Advisory Panel of the Ontario Securities Commission and is an ambassador of the Transparency Task Force, which advocates for greater transparency in the financial services industry around the globe.
To celebrate the release of Beat the Bank, the author will be at Ben McNally books in Toronto this Thursday, September 13. You can also follow the author’s work and updates via his website and Twitter.#page two news