A balanced portfolio is typically a mix of stocks and bonds within your investment holdings. The strategy is to take advantage of stock market growth with a cushion in bonds to mitigate downturns. Stocks tend to be the engine driving portfolio growth.
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With mortgage rates at all-time lows, many Canadians are considering the leap into becoming homeowners. Let’s take a look at buying a house in Canada, the financial considerations, and if it makes sense for you.
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In order to retire early, you need to assess what you need your retirement savings to do and what you want your money to do. Necessary funds include those that cover your basic living expenses.
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Because most people don’t like to contemplate their own mortality, estate planning is often a neglected aspect of financial planning.
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A dividend ETF is an exchange-traded fund that is designed for investment in a selection of high-dividend paying stocks. These ETFs typically track a specific index that is screened to include blue-chip type companies considered to be lower risk.
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Credit scores are one of the factors lenders will consider when looking at your financial situation. That could affect your ability to buy or lease a car, qualify for a mortgage, or get more advantageous loans.
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Investing in the stock market can be a wild ride with lots of ups and downs even in the best of times. And the coronavirus pandemic has had a huge impact on world markets. The Canadian stock market is no exception.
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Sound investment advice can be found in the best investing books for Canadians. These are written by people who have ‘been there, done that’ in the finance and business sectors. Investment books can become your own playbook for the common sense of investing when you learn from the knowledge and experience shared.
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Decisions you make early in life can have a big impact down the road. So it’s important to invest in Finance 101 to ensure a secure future.
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Maximizing financial resources to make ends meet, save money, and live better is a big priority for most of us. However, that’s easy to say but sometimes harder to do for many Canadians.
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It seems everyone, everywhere has been affected in some way – big or small – by the COVID-19 pandemic. Many people are feeling at the mercy of forces they can’t control, especially concerning personal finances.
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Today, you don’t need to hire a broker to manage your investment portfolio. If you’d rather go it alone, you can sign up to use a discount brokerage and run your investments how and when you see fit.
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TFSAs are a great savings tool with very few limitations. However, there is one important limitation – how much money you can put into the account in any given year.
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For many people, the pile of debt under becomes so high that it’s hard to see a way of getting it under control. When that happens, when it becomes too much, when you no longer have access to credit and your income is not enough to manage the debt – it’s time to file for bankruptcy.
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It seems like Wade Karfor was always meant to be a financial advisor. While he tried out a few other career avenues, he eventually gravitated back to his father’s business and became a financial advisor at IG Wealth Management.
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Thankfully, we live in the digital age, where access to information is at our fingertips. And there are so many online financial planning and retirement calculators to choose from. Their easy-to-use platforms provide a real-time view, for both short- and long-term planning.
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A Registered Retirement Savings Plan (RRSP) is one of the best ways to save for retirement. It offers so many long- and short-term benefits. However, it’s important to understand exactly how much contribution room you have in any given year.
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Funding post-secondary education in Canada is becoming more and more costly. Long gone are the days when working a summer job paid for a year of school. If higher education is in your future, ideally you or your family invest in an RESP — and have been for a while.
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Capital gains taxes are most commonly associated with real estate. However, they are also charged with a wide variety of investments and the resulting income.
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RRSPs exist as a way to help Canadians save for the future. And as an added bonus, it shelters your income in a savings vehicle the government doesn’t touch until you’re ready to retire. However, what if you want penalty-free access to the money before then? The Lifelong Learning Plan is one way to safely unlock those funds.
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