Some readers of this blog have asked me on different occasions what investment accounts they should invest in and when to utilize a registered vs. a non-registered account. Should I put money in my RRSP or first maximize my TFSA? What is the difference between...
The Mylo app is the Canadian answer to other automated savings and investing apps such as Acorns and Digit in the U.S. and Moneybox in the U.K. While we can all agree that saving money for the future is generally a good thing, many of us never get around to doing it....
Editor's Note: This is a guest post written by Sean Cooper from mortgagepal.ca. The Office of the Superintendent of Financial Institutions (short for OSFI) has been a popular topic around water coolers these days. Ever since they were announced, everyone and their...
As much as we would like summer to hang around indefinitely, the reality is that cold days are ahead. Fall is a good time to prepare your home for harsh winter conditions and the peculiar problems they bring. Avoid winter despair by taking preventive measures and...
It's no news that mortgage rates are on the rise in Canada. After several years of rock-bottom interest rates and "easy" credit, home buyers are back to fretting about the increasing costs of homeownership. While there's not much you can do to avoid a mortgage loan...
Oh, how money influences us and everything around us! To quote the 1966 musical Carbaret, "money makes the world go around." I have always been intrigued by the thoughts of philosophers, politicians, authors, poets, celebrities, laymen, economists,...
More Canadians are choosing to go digital with their banking, with recent stats showing that more than two-thirds of Canadians now prefer online and mobile interfaces for conducting their banking transactions. This increasing adoption of online banking is...
This is a continuation of the mini-glossary on investment terminologies you will come across frequently on your investing journey. Click here for Part 1 of the series. Management Expense Ratio (MER) The MER is a combination of fees charged for managing and...
This is a mini-glossary of investment terminologies you will come across frequently on your investing journey. They are basic terms you should know if you want to become a successful participant in the financial/stock markets and have a handle on your investments in...
Editor's Note: This is a guest post provided by Darlene Mase, from Zumper.com. Whether now, in the near future, or further on down the line, many individuals aspire to buy a home. To be sure, becoming a homeowner is seen as somewhat of a milestone in our culture....
The Home Buyers' Plan allows first-time homeowners to withdraw money from their Registered Retirement Savings Plan (RRSP) and put it towards their home purchase. As an individual, you can withdraw up to $25,000 (or $50,000 for a couple) which can go a long way in...
The TD e-Series funds are a darling of semi-DIY investors who want to lower their investment fees, but are not yet willing or able to go full-bore with using a self-directed discount brokerage account. Investment fees in the form of a Management Expense Ratio (MER)...
Wealthsimple is one of the most popular robo-advisors around the world, with operations in Canada, the U.S. and U.K. When they launched in Canada in 2014, they ushered in an era of low-cost investing that made it easier for everyday investors to access low-cost...
Wealthsimple is Canada's largest and most popular digital wealth manager (also known as Robo-Advisors). They currently offer money management services to tens of thousands of clients in Canada, U.S., and the U.K. at a lower cost than available through traditional...
Investors are encouraged not to put all their proverbial "eggs" in one basket by adding variety to their investments and holding a diversified portfolio. A diversified portfolio is one that contains different assets (bonds, stocks, cash, etc.) that are not positively...
