Beat the Bank: The Canadian Guide to Simply Successful Investing by Larry Bates argues that Canadians are often disadvantaged by high fees and poor advice from traditional financial institutions. Bates advocates for a "Simply Successful Investing" approach, which emphasizes low-cost investment products like ETFs, understanding basic investment principles, and minimising the impact of fees, taxes, and inflation to improve long-term returns. The book criticises the mutual fund industry and the "Old Bay Street" establishment, offering practical guidance on how individuals can take control of their investments through online discount brokers, robo-advisors, or DIY strategies, ultimately aiming for a more prosperous retirement.
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