ghariton wrote:I had never read David Chilton before. The style in this excerpt from his book is quite annoying, with all the side comments about needing a beer or a scotch, how difficult this all is, and so on and so forth.
And yet, I'm told, Chilton is a very popular author. Is that because of, or in spite of, his annoying style.
It's definitely because of it (I think it's safe to assume you're not representative of his target audience).
From the excerpt:
Down the road, however, when money is withdrawn directly from the RRSP or from the registered retirement income fund (RRIF) or annuity to which the RRSP has been converted, it will be taxable.
I’m alarmed by how many Canadians still don’t fully grasp that last point.
That's who he's writing for; people that don't understand those kind of 'details'.
tidal wrote:I do think he knows his audience and how to communicate well.
Agreed. He somehow managed to sell over two million copies of The Wealthy Barber
in Canada which strikes me as nothing less than an astonishing accomplishment. He must be getting through to somebody. I've never read his original book, and never will (I glanced at it; it didn't interest me much). I did flip through his latest book (I won't be buying it) and got an occasional laugh out of his writing. I liked the story about him helping his father invest $25000 in an international mutual fund. Years later, after an exceedingly rare glance at his financial statements, the father notes that his initial investment is now worth only $11000. Chilton points out to him that he owns 11000 units
worth $70000. His dad responds: "My, I'm doing well with this." Chilton quips: "Yup, that's my dad, master investor."
The people who frequent this forum are unlikely to learn much of anything from his books, but I appreciate that he's trying to help the average befuddled individual investor.