Investing
The Registered Disability Savings Plan is a great account for individuals living with a disability to build long-term savings. The tax advantage of an RDSP is beneficial for growing savings. With the registered disability savings plan, beneficiaries can also receive financial aid from the Government of Canada. Keep reading to find out how to open […]
Investments are always a risk. You can lose a lot of money if the stock market crashes or if the companies you betted on end up having financial difficulties. However, that chance increases exponentially when you are dealing with an investment opportunity that is fraudulent. One of the most well-known examples of a fraudulent investment […]
We hope we are easing you in gently to the concept of investing! In this article, we are going to look at why the stock market exists in the first place and the different types of investments that you can make. Why does the Stock Market Exist? You might have wondered why the stock market […]
Often you look for guaranteed or low-risk investments to hold in your portfolio. Although returns aren’t the best, bonds are a great way to earn a guaranteed return on your investment. This solution is the peace of mind some of us need. The Federal government issued Canada Savings Bonds (CSB). Since the Canadian central bank […]
Perhaps the most important clichéd line for investors is “don’t put all your eggs in one basket”; surprisingly, however, many investors fail to grasp the essence of this advice. Equity investors commonly diversify their portfolios by purchasing stocks from a number of different companies. It is a great way to reduce company-specific risks: for instance, […]
If you receive a large sum of money from an inheritance or the sale of your house or business, you have every interest in investing in the stock market. In fact, if you keep your small fortune in a bank account, it may lose value each year because of inflation. But how do you go […]
It is important to consider the economic environment when investing your money. However, one economic factor with a huge influence on your returns is sometimes overlooked: inflation. Maxime Bernier, current leader of the People’s Party of Canada is against inflation. During the seventh episode of Open Wallet, our show about personal finances, he talks about […]
Let’s suppose you walked into a casino and bet 100 dollars on some game; the following are all of the possible outcomes, along with their respective probabilities : 80%: You walk away with nothing 19%: 200 dollars gain 1%: 2000 dollars gain Now, suppose you have gambled so often that you have encountered […]
The best way to lose money fast as a self-employed investor is to invest in companies you do not understand. The complexity of the company, your scope of expertise and your willingness to further analyze the company are all factors that should be considered when choosing a stock in which to invest. The complexity […]
After introducing a revolutionary digital system to the West that has transformed mathematics and commerce forever, it seems that Islamic principles can still be very useful to our wallets, thanks to Islamic finance. Halal investing, which is the cousin of Islamic finance, is most notably known to favour less risky and more stable investments. What […]
Hundreds of thousands of people from all over the world have money in the stock market and many of them are managing their portfolio poorly. If you’re not careful and don’t tread carefully, you can easily lose a ton of money. The tips in this article will hopefully help you have a little more success in the […]
In its latest annual report, Deloitte points out that women hold only 16.9% of board seats worldwide. This represents an increase of 1.9% compared to 2018 figures. Women are largely underrepresented Canada ranks 14th in the world with 21.4% women in business leadership (compared to 18% for North America). Efforts to promote diversity in corporate leadership have intensified in […]