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 2024, 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
When discussing liquidity, we refer to how quickly an investment asset can be exchanged for cash. It’s not just any amount of cash either; it needs to be the fair market value for the asset. Illiquid investments are assets that cannot be immediately or easily exchanged for cash. They are also usually not correlated to ... Read more
Key Takeaways Albert Einstein once said that “compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” In that simple statement, Einstein summed up the most significant tool any long-term investor can possess: time. For most people, compound interest investments are the surest way to ... Read more
Tangerine and EQ Bank are two of the most popular neobanks in Canada. What is a neobank? These are online-based fintech companies that offer a full range of financial products and services but with no brick-and-mortar presence. As of 2023, these two banks have a combined customer pool of nearly 2.5 million Canadians. Both Tangerine ... Read more
If you have experienced being in debt, you will know that it can feel like a never-ending spiral. Nobody ever plans on being in debt, but high-interest rates and missed payments can quickly stack up. The good news is that there are solutions for being in debt in Canada. While there are no direct government ... Read more
One of the best ways to grow your wealth over time is to make your money work for you. By creating passive income streams, you unlock the potential to grow your money exponentially. For most Canadians, building income streams can be done with as little as $20,000. This article will discuss the best ways to ... Read more
When the stock market is volatile, Canadian investors turn to fixed-income investments to protect their money. GICs and Bonds are both safe, low-risk investments that provide steady returns. Both instruments also return the principle you initially invested at the end of the term. This article will compare and contrast GICs and bonds and help you ... Read more
Canadians are fortunate enough to have a wide selection of tax-advantaged investment methods at their disposal. The Tax-Free Savings Account (TFSA) is a versatile tool for investors, benefiting those with both short-term and long-term financial goals. Within a TFSA, individuals can hold various investment products, including Guaranteed Investment Certificates (GICs), which offer stability and a ... Read more
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