Blog

The RRSP deadline is fast approaching. In fact, there is no RRSP “season”, you can contribute to your RRSPs throughout the year, and the deadline for contributions to help you reduce your prior year’s tax bill is at midnight on March 1st. But before you run off to put some money into your RRSPs, let […]

In March 2020, the stock markets fell due to the lockdown announced in several economies as a result of Covid-19 beginning to spread. While it is important to diversify your portfolio, you should also monitor it and rebalance it regularly, to maintain your target asset allocation. Rebalancing is done by buying and selling securities in […]

While you and your spouse are leaning over your little cherub’s crib with adoring gazes, the proud parents that you have already become begin to imagine what he could become. A doctor? A lawyer, or a senior executive? A parliamentarian, or even a future Prime Minister of Canada? No, all these professions are well below […]

Credit cards have become the default payment option for many people, with them being used to purchase everything from family holidays to weekly groceries. If you manage them properly, credit cards are an excellent financial tool that you can use to earn perks such as travel points, cashback, or insurance protection.  However, carrying forward a […]

Over the last couple of years, we’ve seen an increase in robo-advisors popping up everywhere. Wealthfront and Betterment were the first two companies to deploy robo-advisors, more than a decade ago now. Today, more than a dozen robo-advisors have entered the market. From banks to private companies, everyone wants a piece of the robo-advisor market. […]

It can happen at any time…out of the blue you find yourself with an urgent need for money but you don’t have enough in your bank account. There are many reasons why you may need a personal loan, such as needing money for an unexpected expense, doing renovations, buying furniture, or fixing your car. You […]

Since 2014, around 15 robo-advisors have emerged in Canada, managing combined assets of approximately $11.4 billion at the time of this writing. These are small assets compared to those invested through Canadian online brokers ($422 billion) and through Canadian mutual funds ($1.6 trillion). Despite this, Canadian robo-advisers are popular with young people because they allow […]

Since we launched our app in the App Store, a curious phenomenon has emerged. Several users wrote to me asking why they couldn’t add more than one online brokerage per institution. It wasn’t  offered in the app, because if someone added two separate accounts from same institution, it was probably by mistake. So I asked […]

Spendee was founded in 2008 by three friends in Prague. In launching this app, their goal was to help investors better manage their daily expenses. Hardbacon is a Canadian fintech founded in 2017. Based in Montreal, Hardbacon strives to help its users become wealthier by better managing their money when it comes to planning and […]

You Need A Budget (YNAB) is a US-based mobile application that helps you manage your budget on a daily basis. It was launched in 2015 by Jesse Mecham. Hardbacon is also a mobile application that aims to help its users become wealthier by managing their money better when it comes to planning and budgeting. Hardbacon […]

The stock market crashes once in awhile, but every time, many people believe this time, the market could defy the gravity, because this time is different. It’s been said before the dot com bubble in 2000 and the subprime mortgage crisis at almost ten years ago. Today’s market is clearly on fire now; in fact, […]

I wanted to try Questrade after the most recent J.D. Power ranking called the 2017 Canadian Self-Directed Investor Satisfaction Study came out. I was surprised that this independent online brokerage finished last in this ranking, so I took on the task of checking it out. Here’s a summary of my experience with a practice account […]