When talking about liquidity, we are referring 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 ... 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 one simple statement, Einstein summed up the greatest tool that any long-term investor can possess: time. For most people, compound interest investments are the surest way ... 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
For beginner investors in Canada, one of the most important lessons will be understanding two common investment assets: stocks and bonds. Both stocks and bonds are important pieces in a well-balanced investment portfolio. While they are often discussed together, stocks and bonds are very different assets. How exactly are they different? This article will explain ... Read more
With so many different investment assets on the market, it can be difficult to choose the right one for you. For Canadian investors seeking safety from their investments, GIC and mutual funds are two of the best. But what is the distinction between the two? In this article, you will learn everything you need to ... Read more
For passive investors in Canada, nothing can beat the simplicity of an index fund. These assets track major indexes like the S&P/TSX 60 or the S&P 500. You have probably also heard of exchange-traded funds or ETFs. These assets provide exposure to a broader range of stocks or bonds. There is quite a bit of ... Read more
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