The Dreaded ‘Money Talk’ – How to Talk with your Kids About Spending, Saving and Sharing
Initiating conversations about money with your children can be daunting, but it’s a crucial step in equipping them with the financial skills they’ll need throughout life. Beth Kobliner’s book, Make Your Kid a Money Genius (Even If You’re Not), offers practical strategies to guide parents in teaching their kids about spending, saving, and investing. Complementing […]
Navigating the RESP: How to Better Save for Your Children’s Education
Saving for your child’s post-secondary education is a significant financial goal for many Canadian families. A Registered Education Savings Plan (RESP) is a powerful tool designed to help you achieve this objective. In this article, we’ll explore what an RESP is, how it functions, tax-efficient investment strategies within the account, and the rules for withdrawing […]
The Case for Adding Gold to Your Portfolio
Gold has been a reliable store of value for centuries, making it a smart addition to any well-diversified portfolio. Unlike stocks and bonds, gold is a tangible asset that provides stability and security, especially in times of economic uncertainty. Here’s why you should consider allocating a portion of your investments to gold. 1. A Hedge Against Inflation Inflation […]
Tips for Rebalancing Your Portfolio
Tips for Rebalancing Your Portfolio A well-structured investment portfolio is like a finely tuned engine—it requires regular maintenance to perform optimally. Rebalancing is the process of adjusting your asset allocation back to its original target, ensuring your investments remain aligned with your financial goals. Here’s what you need to know about when and how to rebalance, and […]
It Pays to Ignore Market Downturns
It Pays to Ignore Market Downturns Market downturns can be unsettling, but history has shown that they are not a reason to panic. In fact, for long-term investors, downturns can present valuable opportunities to strengthen a portfolio and maximize returns. Here’s why staying the course during market slumps can actually be good for your financial future. 1. Downturns Are […]
Why Time in the Market Matters
Why Time in the Market Matters Investing can feel like a rollercoaster, but history proves that staying in the market beats trying to time it. Long-term investing—particularly with index funds—has consistently outperformed actively managed strategies while keeping costs lower. Let’s break down why time in the market matters and how sticking to an index strategy […]
5 Things Young Investors Should Know
5 Things Young Investors Should Know Investing can be an exciting yet daunting journey, especially for young investors. The earlier you start, the more time your money has to grow, but navigating the financial world can be tricky. Here are five crucial things every young investor should know to set themselves up for long-term success. […]