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.

Cash ETF Canada

Ready to unlock the full potential of your savings and investments? Looking to level up your financial game? You should check out cash ETFs in Canada! You have probably come across the term exchange-traded funds, or ETFs for short, at some point. They are not just some passing trend. They are a popular investment option here in Canada and for good reason. The cash ETFs in Canada come with tons of benefits that can boost your confidence in your investments. First off, ETFs are known for their low costs compared to mutual funds — but it doesn’t stop there. Get ready as we’re about to uncover more exciting details and benefits of these cash ETFs in Canada. Let’s get started! What is a Cash ETF in Canada? Before we explore the world of cash ETFs in Canada, let’s take a step back and get a clear understanding of what cash ETFs are. What is an Exchange-Traded Fund (ETF)? Exchange-traded funds

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How to Short a Stock in Canada

Short selling has become a hot topic in the past few decades. The hype likely started with the infamous subprime mortgage short, executed by Michael Burry and Charlie Ledley, as portrayed in the finance film, The Big Short. However, they were not the first to get rich off of short selling, nor will they be the last. On the other hand, long selling investors can get rich off short selling too through a short squeeze. A recent example of this was Gamestop. Right now, some might be interested in learning how to short a stock in Canada amidst economic instability. In fact, there has been a spike in short sells of the TD stock which might pique certain investors interest. Ready to learn more? Continue reading to understand how to short a stock in Canada. What is short selling? Short selling is the process of betting against a certain stock or investment’s performance with the objective of profit. In other

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Asset Rich and Cash Poor: What Does it Mean?

You may have heard the term “asset rich and cash poor” at one point or another. In simple words, it’s the financial position where one owns a lot of assets, but has little cash at their disposal. You might be wondering why this is a problem. After all, doesn’t everyone want to own lots of assets? In theory, yes, but cash reserves shouldn’t be neglected during the process of acquiring assets. Cash allows us to pay for our daily expenses, like food, shelter and clothing. It is also an invaluable tool in times of crisis, such as an unexpected home repair or getting out of a tricky situation while traveling. If your cash is locked up in assets, it can be challenging to meet these immediate needs. In this article, we’ll explore the meaning of asset rich, cash poor in depth and how to overcome it. Continue reading to learn more! What does “asset rich and cash poor” mean? Asset

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Tax Efficient Mutual Funds Canada

Sometimes, when people hear about earnings, finance, savings, and investments, they get nervous because of one thing — Taxes! They can be that scary, probably because they’re unavoidable and hard to calculate. A study showed the average Canadian family pays over 40 percent of their income on taxes.Don’t want to be a part of this statistic? We don’t blame you. So, is it possible to get tax efficient mutual funds in Canada?Of course, it is. If you want to invest in mutual funds, but the fear of taxes is holding you back, this article is for you. Below, we’ll look at various tax efficient mutual funds in Canada and how you can add them to your portfolio today. Why Does Tax Efficiency Matter With Mutual Funds? Tax efficiency is not just important for mutual funds. It cuts across every form of income and savings plan. Imagine you calculate your gross income and arrive at a huge amount, only to deduct

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Treasury Bills in Canada

Investing in treasury bills in Canada is always a smart move, and it’s easy to tell why. These investments are backed by the credit of the Canadian government.This means both your principal and interest are guaranteed. They also offer liquidity and stability. These features make treasury bills a type of low-risk investment option. If you’re considering investing in treasury bills but are not sure if you’re on the right track, we’ve got you covered! Here, we will provide an overview of treasury bills in Canada.We’ll discuss their current rates, how they compare to other investment options, and how to buy them. With this information at your fingertips, you’ll be able to determine whether they are a good fit for your investment portfolio. What are treasury bills in Canada? Treasury bills, commonly known as T-bills, are short-term debt securities. They are issued by the Canadian government to finance its operations.Essentially, when investors buy T-bills, they are lending money to the government.

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Types of Stock Orders

Are you tired of missing out on great investment opportunities in the stock market? Do you want to make informed investment decisions that align with your goals and risk tolerance?Then understanding the different types of stock orders is essential. In the stock market, orders are used to buy and sell stocks, helping you navigate the stock market confidently. In this article, we will explore the most common types of stock orders. From market orders to limit orders, and stop-loss orders to buy-stop orders with real-life examples. If you’re ready to take the stock market by storm, keep reading! What is a Stock Order? A stock order is a request by an investor to buy or sell a specified quantity of a particular stock at a certain price. It is an instruction to a broker or an online trading platform to execute a trade on behalf of the investor. The various types of stock orders possess unique features and functionalities. They

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What’s a Good P/E Ratio?

The price-to-earnings ratio, or P/E ratio for short, is no doubt a valuable metric for assessing whether a stock is undervalued or overvalued. But, let’s get to the big question, what’s a good P/E ratio? The subject of what a good P/E ratio is remains somewhat controversial. This is because, contrary to popular belief, a low price to earnings ratio is not the best for gauging a stock’s profit potential. As a matter of fact, it can be an indicator of declining fundamentals. Moreover, a stock’s price is usually a function of the market’s perception, which sometimes is based on emotions. Despite these shortfalls, experts believe that the lower the price to earnings ratio, the better the investment. If you’re curious to know what a good P/E ratio is, then continue reading. What is the P/E Ratio? Before we discuss what’s a good P/E ratio, let’s define the price to earnings ratio. This will help you understand why we care

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Norbert’s Gambit: How It Works

You’re getting ready for your trip to New York, but you realize you forgot an important step: USD. Sure, you can pay with your credit card — but what if you need some cash? So you run over to the local Forex shop or your nearest bank, and somehow, your new USD doesn’t add up to Google’s prediction on the exchange.What gives? Maybe you chat with a financial advisor, but it’s not about your spending habits — it’s the fact that currency exchange isn’t free. Currency exchange is a business model, and exchange platforms usually charge a fee around 2.5%. Even banks like RBC who boast “no fees for our clients” will take their cut through a higher exchange rate that doesn’t give you as much money back.Norbert’s Gambit is a strategy that helps you keep more of your hard-earned dollars amidst sky-high currency exchange fees. We’ll walk you through the strategy, when to use it, and how it helps

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Housing Crisis in Canada

One of the most highly discussed topics in Canadian personal finance right now is the housing market. And for good reason – there’s a lot of volatility and rapid changes occurring within the market. But the question remains, is there a housing crisis in Canada? And if there is, what’s causing it and how can Canadians navigate the problem? In this article, we’ll explore the nuances of the housing market and put it into terms that can be easily understood. Continue reading to learn more. Is Canada having a housing crisis? Technically speaking, Canadian officials have not declared a housing crisis in Canada. However, the biggest mistake in any crisis is failing to recognize that there is a crisis. In addition, most economic crises are discovered in hindsight, not while they’re happening. Or sometimes they’re discovered when chaos ensues, like we saw with the 2008 Financial Crisis. As with any widespread problem, there usually isn’t one single cause, but rather,

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What is Risk Diversification?

If you’re an investment enthusiast, you may be familiar with the term “risk diversification.” It’s one of the basic principles of sound investing. But, what is risk diversification exactly? There’s an age-old saying, “do not put all your eggs in one basket.” This is typically the idea behind risk diversification. It emphasizes sharing your investment across various financial instruments and investment vehicles. This way, you can ensure you don’t lose everything if an investment performs poorly. In this article, we’ve answered the question, what is risk diversification along with covering some effective strategies. You’ll also learn how diversification impacts your investment portfolio. What does diversification of risk mean? Diversification of risk means investing across a variety of assets, categories, and industries. It is an investment strategy that seeks to help investors manage potential risks. Generally speaking, there are two forms of risks associated with investing. These include specific risks and market risks. Specific risks are particular to an investment, a

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Best RRSP Mutual Funds in Canada

Mutual funds remain to be a popular investment in Canada. And what’s better? You can invest in mutual funds through your RRSP to help build your retirement savings. If you’re considering investing, here’s our list of the best RRSP mutual funds in Canada. We’ll also explore the different types of mutual funds and what to consider when choosing one of these investments. Continue reading to learn more. What are RRSP Mutual Funds? Let’s first talk about mutual funds. Operated by a group of fund managers, they are professionally managed investment portfolios that consist of money pooled from a variety of investors. The fund manager selects a variety of assets or securities. These can include bonds, stocks, and more. Each fund has a specific objective, such as to generate income, achieve high growth, or to track an index. The fund manager chooses securities based on the goal of the fund. There are more than 5,000 mutual funds in Canada, carrying different

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Top 5 TFSA Mutual Funds in Canada

The introduction of the Tax-Free Savings Account (TFSA) in 2009 was more than a gift from the Canadian Government. Canadians can now make investments without worrying about the burden of taxes. TFSA mutual funds, however, introduce a new class of benefits to consider. You can invest in a wide range of investments instead of a few stocks and bonds. What’s more? You can withdraw money from your mutual funds TFSA tax-free. It’s a good way to grow a diversified investment portfolio with little tax impact. Yet, if you’re considering putting mutual funds into your TFSA, it’s best to pick options that offer higher interest and other perks. Read on to discover the top five TFSA mutual funds in Canada and what makes them exceptional. Can TFSA be invested in mutual funds? Yes, you can invest in mutual funds through your TFSA. In fact, you can invest in an array of investments through a TFSA, including stocks, bonds, GICs and more.

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Ethereum ETFs in Canada

Cryptocurrency is one of the most exciting pieces of technology to come out of the 21st century. As soon as the value of Bitcoin exploded in 2011, then again in 2013, it seems like everyone jumped on the crypto bandwagon. Today, there are many cryptocurrencies available, but Ethereum is currently number two after Bitcoin. For this reason, ETFs backed by Ethereum have become available in 2021. In essence, Ethereum ETFs, or other crypto ETFs, are mainly backed by a cryptocurrency. If you’re interested in buying an Ethereum ETF in Canada, continue reading to learn more about the investment and which options are best for your portfolio. What does an Ethereum ETF mean? First things first, ETF stands for exchange-traded fund. These are investment funds that are publicly traded on a stock exchange. ETFs can be backed by any asset, such as cash, stocks, bonds and even cryptocurrency. Many investors pool their money together within an ETF and the money is

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5 Best Tech ETFs in Canada

Technology is one of the largest industries in the world. In fact, IBIS World listed consumer electronics manufacturing as the number one industry by employment in 2023. For this reason, you might be considering investing in technology, specifically tech ETFs. Investing in tech could be for both profitability and personal interest reasons — we Canadians love our tech! In this article, we’ll explore what a tech ETF is, things to consider when investing and our list of the best tech ETFs in Canada. Keep reading to learn more! What are Tech ETFs? First, let’s talk about ETFs. An ETF stands for an exchange-traded fund. Like stocks, ETFs can be bought and sold on a stock exchange. Although, when you buy an ETF, you’re not purchasing a share in a specific company like you would be with Apple or Spotify stock. Rather, you’re buying a share of a basket of different assets, such as stocks, bonds, cash reserves, commodities and more.

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Guaranteed Investment Certificate: Advantages and Disadvantages

Are you interested in buying into a GIC? Before you do, it’s important to consider the guaranteed investment certificate advantages and disadvantages. Overall, GICs are safe, reliable investments, but that doesn’t necessarily outweigh the cons. On the contrary, GICs have low returns which often fail to keep up with inflation. Ready to learn more? Continue reading to understand all of the advantages and disadvantages related to guaranteed investment certificates! What is a Guaranteed Investment Certificate? A guaranteed investment certificate, or GIC for short, is a deposit investment sold by Canadian banks and financial institutions. GICs are known to be low risk and reliable investments. In addition, they provide a fixed rate of return. They are also insured by the Canadian government which means your investment is quite safe, hence the term “guaranteed”. When you decide to invest in a guaranteed investment certificate, you’ll put forward a lump sum of cash. Your money will be locked into the GIC for the

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What is Diversification Strategy in Personal Finance?

Personal finance is all about devising and implementing strategies surrounding earning, spending, investing, saving and debt. One effective methodology that has stood the test of time is the diversification strategy. These tactics have been used by pretty much everyone concerned with finance from the small business owner to the 9-5 employee to the corporate tycoon. But what is diversification strategy in personal finance? Continue reading to find out! What is Diversification Strategy? Traditionally, diversification strategy is a term used in business. It is a practice that involves adding products or services with the intention of growing. However, the same concept applies in personal finance. For instance, by expanding the types of income you earn, you’re partaking in a diversification strategy. Or, if you own a variety of investments among different industries and risk levels, then you’re applying the concept of diversification. All in all, if companies can grow their wealth using a diversification strategy, you can do the same! Whether

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7 Best High Yield ETFs in Canada

Investing in exchange traded funds (ETFs) can be a great way to diversify your portfolio and capitalize on strong yields without taking on excessive amounts of risk. If you’re considering investing in ETFs in Canada, you’ll want to ensure the funds offer good capital appreciation potential and a stream of income. Fortunately, there are high yield ETFs in Canada which can help you achieve these goals! To help narrow down your choices, we’ve put together a list of 7 high yield ETFs for Canadian investors. By using this list, you’ll have one less thing to research so you can begin growing your wealth with confidence. Read on for our detailed assessment of each fund’s key characteristics, upsides and challenges, as well as some pro tips from top financial advisors. What is a high yield ETF? A high yield ETF, also known as a “junk bond ETF” in slang, is a type of exchange-traded fund (ETF) that holds a portfolio of

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10 Best Stocks for Beginners in Canada

Beginning to invest can be daunting. There are many types of assets you can invest in, with one being stocks. Making the decision to invest in stocks is the first step, but then you also have to decide which companies to actually put money into. There’s so many metrics, ratios and numbers to consider — it can make anyone’s head spin! In this guide, we’ll explore 10 of the best stocks for beginners in Canada. These stocks have reliable returns and have a healthy history making them ideal investments for newbies. Continue reading to learn about investing basics and take a peak at the list! Investing 101 Before diving into the world of stocks and the best stocks for beginners in Canada, it’s helpful to consider some investing basics. It’s always wise to know a thing or two about potential investments before putting up the cash. Let’s take a closer look below. What are stocks and how do they work?

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Is it better to buy physical gold or ETFs?

Inflation dwindles cash savings over time, so investing is paramount for financial freedom. But with so many investment options, it becomes difficult to pinpoint the right ones. Of course, you can’t put all your eggs in one basket. That’s where diversification comes in, to minimize risk and protect your investment portfolio. As you consider investments, you may have come across physical gold and gold ETFs. Two wildly different options, yet both with unique risks and benefits. So, is it better to buy physical gold or ETFs in the gold industry? In this article, we’ll uncover the difference between ETFs and real gold as investments to help you decide which might be more ideal in your portfolio. What is the difference between gold and gold ETFs? Gold is one of the world’s most precious metals, found all over the world in hot rocks, quartz veins, and gravel deposits. It becomes heavy with weight, but it’s one of the most malleable metals,

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7 Best Gold Stocks in Canada

As the price of gold continues to rise, investors are looking for the best way to buy this precious metal. One option is to invest in gold stocks. However, there are also gold ETFs and physical gold. Investing in gold stocks can be a great way to add diversity to your portfolio and protect yourself from market volatility. But with so many options available, it can be hard to know which ones are the best.  In this blog post, we’ll take a look at some of the best gold stocks in Canada and explore why they might be worth investing in. If you’re thinking about adding some gold stocks to your portfolio, keep reading for some helpful tips! What are gold stocks in Canada? Gold stocks are shares of businesses that revolve around mining and selling gold. Physical forms of gold, such as bullions, coins, or jewelry, are not what you’re investing in when you put your money into a

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