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BEAT THE BANK

The Canadian Guide to Simply Successful Investing

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Available on Amazon and Indigo

You can Beat the Bank!

You work hard. You sacrifice to save. You risk your money in the market over your working lifetime and you trust your bank to treat you fairly. But your bank strips away half of your lifetime investment returns in fees. Without realizing it, millions of Canadians are in precisely this position. How does the industry pull this off? The big Canadian banks—and by extension our entire financial industry—occupy a position of paternalistic authority that too many individual investors respect unquestioningly.

The industry brilliantly capitalizes on the combination of poor understanding of fees, deep loyalty, and misplaced trust by charging Canadians the highest investment fees in the world. There is a better way! Larry Bates reveals the secrets, decodes the mystery and provides a simple, step-by-step guide to investing, proving conclusively that you don’t need to be an expert to invest successfully…you just need to know the basics. It’s easy when you know how!

Praise for Beat the Bank

This book will pay for itself after reading Chapter One.

— Ken Kivenko, President, Kenmar Associates and prominent investor advocate

The Wealthy Barber taught Canadians the importance of saving. Beat the Bank will teach Canadians the importance of investing well.

— Wanda Morris, VP of Advocacy, CARP

If you wonder why your bank-sold mutual funds are going nowhere, Larry Bates has the answers.

— Ellen Roseman, Toronto Star consumer columnist and investing instructor at University of Toronto school of continuing education

Beat the Bank is an insightful, entertaining, and shocking look at how the traditional investment industry separates you from your money by design ...and what you can do about it.

— Sandi Martin, Partner, Spring Financial and co-author of the ebook “Women & Money"

Larry Bates offers a detailed look at everything that’s wrong with our “traditional” investment model and even more importantly, shows readers just how easy it is to invest their money simply…and successfully. A must read.

— Robert R. Brown, Author of Wealthing Like Rabbits – An Original and Occasionally Hilarious Introduction to the World of Personal Finance

Millions of Canadian mutual fund investors unknowingly pay fees that erode their returns by as much as 50% over time! Industry insider Larry Bates clearly explains how, why, and what you can do about it.

— Robb Engen, Boomer & Echo

Larry shares some powerful stories over his 35 years as an investment banker. It’s like you’re a fly on the wall in his office. Beat the Bank should be required reading in Ontario’s new financial literacy course in high school.

— Sean Cooper, Bestselling Author of Burn Your Mortgage, Mortgage Agent

If it’s true the best game wardens are reformed poachers, then Larry Bates’ tips for Beating the Bank should be valuable for average Canadian investors. Bates spent 35 years working for the four major financial pillars and lays out three wealth builders and three wealth killers. In a nutshell he counsels investors to beat the banks at their

own game by dumping high-fee mutual funds for low-cost ETFs and for good measure buying Canadian bank stocks.

— Jonathan Chevreau, founder Financial Independence Hub, author of Findependence Day and co-author of Victory Lap Retirement

About Larry Bates

Larry Bates is an independent investor advocate, author, consultant and speaker. Larry enjoyed a thirty-five year banking career with several major financial institutions in both Canada and the U.K. including as Global Head of Debt Capital Markets for RBC. Over the course of his career, Larry both collaborated with and advised many of the world’s most sophisticated investors and financial institutions.

Larry is currently on the board of FAIR Canada and is an Ambassador of the Transparency Task Force. He is a graduate of Dalhousie University.

Larry believes Canadians can retire better and, if desired, sooner through Simply Successful Investing! The views expressed by Larry in Beat the Bank, on this website and in other forums are solely his own.

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