We work hard for our money and our money should work hard for us which is where investing comes into play.

Investing Money

There are plenty of options to consider when looking to invest your money.  In the majority of the cases, the three considerations when looking to invest are your goals, time horizon and risk.

At this point, it is always advisable to seek out the advice of a professional.  The professional might be a financial planner, money coach, investment advisor or insurance agent.  In some cases, it might be a combination of these professionals.

Why Invest Your Money

Investing your money is all about sheltering your income and growing your wealth.    Savvy investing can help you accomplish important financial goals like, travelling, buying a home or retiring comfortably.

How to Invest Your Money

Whether you are a novice investor or seasoned veteran there is a growing trend to manage your investments on your own.  This option leans more towards using an online discount brokerage or robo-advisor.  If you are looking for more guidance and expertise consider an investment or financial advisor that is licensed.

Where To Invest Money In Canada

Deciding where to put your hard-earned savings is not always easy with so many options.  In terms of sheltering your income, Canada provides several tax-deferred accounts including, RRSP, TFSA and RESPs to name a few.  In addition to this,  the different options to help grow your savings include stocks, bonds, ETFs, real estate, mutual funds as well as high-interest savings accounts.  Be sure when looking at these options to consider related fees and costs.

How to Invest in Mutual Funds in Canada

ETFs tend to get a lot of attention these days. Mutual funds, however, have been a Canadian portfolio cornerstone for decades. In fact, according to the Investment Funds Institute of Canada (IFIC), the amount of money Canadians invested in mutual funds skyrocketed from $100 billion to $1.71 trillion between 1990 and the end of 2019. Now, there are over 5,000 mutual funds in Canada. And it’s no wonder Canadians are still so keen on mutual funds. Right off the bat, they offer diversification by design and professional management —two things many investors look for. And while ETFs are gaining in popularity for their benefits, as Jonathan Hartman, vice president and head of Advisor Channel Sales atRBC Global Asset Management explains, “mutual funds remain the most commonly used vehicle in Canada, especially among investors with $25,000 to $50,000 to invest.” This guide answers some of the biggest questions investors have about mutual funds in Canada, and why they are such a

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How To Invest In Index Funds In Canada

They’re a top recommendation of investing legend Warren Buffet. They’re also great for new investors and/or those looking to follow a passive investing style. ‘Index fund’ sounds like a fairly technical term, doesn’t it? In reality, they’re pretty straightforward —and can be a great way of diversifying your portfolio at a low cost. This guide will outline how index funds work, explain the pros and cons, and list some of the top funds in Canada. What are index funds? Simply put, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio designed to match or track a specific market index. This might be theStandard & Poor’s 500 Index, or S&P 500, which is 500 of the top companies on the US stock market, or Canada’s benchmark S&P/TSX Composite Index. For example, the iShares S&P/TSX 60 Index ETF(XIU) tracks the 60 biggest stocks on the TSX. As of November 5, these include Shopify, RBC, TD,

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Best Dividend ETFs in Canada For 2021

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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Best Canadian Stocks: Top Picks

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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Best Investing Books For Canadian Investors

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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How To Invest In Stocks

The stock market can feel like a vast abyss into which you throw your hard-earned money. And, it can be hard to decide how best to invest, much less the best stocks to choose from.

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ETFs: The Complete Guide for 2021

Learning the difference between a mutual fund and an exchange-traded fund (ETF), for example, can help you choose the best option for you today, and into the future. To help you decide, here is a complete guide to ETFs.

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How To Buy Stocks

How many movies have you seen that show the madness on the stock trading floor? The reality is, of course, that the stock market is a hot investment tool. And, people can and do make a lot of money by investing in stocks. But there is a lot to know about how to buy stocks.

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The Best Robo-Advisors In Canada

However, there are some fairly trustworthy places to invest that should give you returns and security. If you’re new to investing and not sure what to do, a Canadian robo-advisor might be a great choice.

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Best Canadian ETFs For 2021

When deciding which investment tool makes the most sense for you, it’s important to understand all of the available options. But, there is a lot to know. Learning the difference between a mutual fund and an ETF, for example, means you can choose the best option for you today, and into the future.

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The Best Canadian Dividend Stocks for 2021

There are two different ways to benefit from investing in stocks, cash payouts and dividends. A dividend is basically an additional stock added to your account bucket. For each dividend stock you own, you are paid out a portion of the company’s earnings.

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What is Financial Planning?

Financial planning is the best way to manage the waxes and wanes in your financial situation. It allows you to live comfortably, while saving for a rainy day and, eventually, retirement.

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TFSA Contribution Limit By Year To 2021

As with all investment products, there are limits and rules to what and when you can contribute. And if you go above the allotted maximum, there is typically a penalty. Similarly, TFSA over contributions are subject to a tax.

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