Why Every Canadian Needs One—Especially Right Now When it comes to personal finance, few things are more foundational than having a rock-solid emergency fund. And yet, in an era of rising interest rates, layoffs in key sectors, and grocery bills that seem to grow faster than your basil plant, far too many Canadians are still […]
Why Embracing Financial Minimalism Now Sets You Up for a Richer Life Later Let’s be honest: being frugal doesn’t always get the spotlight it deserves. In a world that constantly sells you on spending, saving money can feel like swimming upstream. But here’s the truth — frugal living is one of the most underrated superpowers […]
The Power of Dollar-Cost Averaging: Investing Gradually to Manage Risk and Maximize Returns Investing can feel intimidating, especially when markets are volatile. One way to ease into the market while reducing risk is Dollar-Cost Averaging (DCA)—a strategy where you invest gradually over time rather than all at once. DCA helps take advantage of market fluctuations […]
The Case Against Cryptocurrency: Why a Gold ETF is the Smarter Choice Cryptocurrency has been marketed as the future of finance, promising sky-high returns and financial freedom. However, experienced investors like Warren Buffett and Charlie Munger have long warned against its speculative nature. Buffett famously said: “Cryptocurrencies basically have no value and they don’t produce […]
Investing in Retirement: Why a Total-Return Strategy is Best Many retirees worry about shifting their investment portfolio to focus on generating income, often turning to high-yield investments, mutual funds with hefty fees, or even costly deferred sales charge (DSC) funds. However, there’s a better way to invest in retirement: the total-return approach. This method ensures […]
Cutting Investment Fees (And Not Performance!) The Case for Passive Index Investing Investing is one of the most powerful ways to grow wealth, but many investors don’t realize how much high fees can eat into their returns over time. The good news? You don’t need to pay high management fees to achieve great investment performance. […]
Are Robo-Advisors Worth It? A Balanced Look at Automated Investing Robo-advisors have transformed the investing landscape by offering a low-cost, automated alternative to traditional financial advisors. For investors who want a hands-off approach, robo-advisors promise simplicity, diversification, and lower fees. But are they truly the best option? While they offer several advantages, there are also […]
Retirement Planning Made Simple The Rule of 30: A Smarter Way to Save Traditional retirement advice often suggests saving a fixed percentage of income throughout your career. But life isn’t that simple. Early on, expenses like rent or mortgage payments, childcare, and other financial commitments make it difficult to prioritize savings. The Rule of 30 […]
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 […]
Investing can often seem daunting, especially with the myriad of options available. However, one strategy has consistently proven effective for both novice and seasoned investors: index investing. By purchasing total market ETFs and one-fund solutions, you can gain exposure to a broad spectrum of global stocks, thereby minimizing risk and diversifying your portfolio. The Power […]
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