It seems like everywhere you look, someone is promising you a foolproof strategy to get rich. While many promise overnight success through elaborate schemes, the real way to get rich is to leverage the power of compounding returns. When thinking about where to invest money to get the best returns, the answer is almost always ... Read more
Day trading has always been considered a riskier but potentially more lucrative way to play the stock market. In Canada, day trading is completely legal, and the CRA acknowledges it as a legitimate income source. This article will discuss what you need to know about day trading in Canada in . Key Takeaways Is Day ... Read more
If you invest in ETFs or mutual funds, you must educate yourself on the fees associated with owning those assets. Look up any fund, and you will see that it comes with a management fee and management expense ratio (MER). These fees are presented as a percentage and are paid according to how much you ... Read more
With so much market volatility, fixed-income assets like GICs or Guaranteed Investment Certificates have been popular among Canadians. But what do we mean when we say GIC rates? GICs pay out a fixed interest on the principal for the entire term. This GIC rate is determined by the Bank of Canada’s overnight interest rate. As ... Read more
If you had an extra $1,000, how would you invest it? This article will discuss ten different ways to invest $1,000 in to start growing your money now. 10 Ways To Invest $1,000 Right Now in 1. Pay Off Your Debt Before investing, you will want to consider paying off any high-interest debt. This type ... Read more
For millions of Canadians, their day starts with a good cup of coffee. No matter where you are in the country, your morning decision likely comes down to Starbucks vs Tim Hortons. Both franchises are well represented, with nearly 1,500 Starbucks stores and 3,500 Tim Hortons locations across Canada. If you frequent Starbucks or Tim ... Read more
Life insurance is a topic that not many Canadians want to talk about, but it is essential that we do. Some Canadians are part of a group life insurance plan that is paid for by their employer. This could be a benefit if the worst-case scenario were to happen unexpectedly. But does employer-provided life insurance ... Read more
For beginners, investing can be an intimidating and overwhelming concept. With so many different assets and strategies, it is difficult to choose where to start. When it comes to investing, the most important thing is that you get started. In this article, we’ll provide a simple, step-by-step guide to investing in Canada as a beginner. ... Read more
Thanks to online banking, opening a new bank account online in Canada has never been easier. Within minutes, you can be banking at any of the largest Canadian banks and even earning a nice welcome bonus. As of 2023, more than 81% of Canadians use digital banking tools for their day-to-day banking needs. Whether on ... Read more
Liquidity of your assets is crucial when you need to access cash in a hurry. This is why owning liquid investments as a part of your portfolio is important because you just never know when you might need some emergency funds. Luckily for Canadians, there are plenty of ways to invest your money in highly ... Read more
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