A Locked-In Retirement Account (LIRA) is a specialized Canadian investment account designed to hold pension funds transferred from a former employer’s pension plan, whether it’s a Defined Contribution or Defined Benefit plan. Unlike a Registered Retirement Savings Plan (RRSP), where contributions can be made at any time and funds can be withdrawn (subject to taxes), […]
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 […]
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 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 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 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 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. […]
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