Investing
Investing in an emerging sector is always exciting as it gives you an opportunity to grow your wealth at an exponential rate. Investors hope they can capitalize on the growth potential of a nascent industry and derive market-thumping returns within a few years. The cannabis industry is one such sector that has garnered significant interest […]
Canadian markets have been good to investors in 2021. It is very easy to miss out on market-beating stocks as equities keep hitting new highs almost every week. There’s a lot of confusion in terms of what are actually good stocks and which ones are surging because of the rising tide. During such times, it […]
If you have seen the movie Wolf of Wall Street, you have some kind of idea regarding penny stocks. These were the stocks that Jordan Belfort, portrayed by Leo DiCaprio, sold to his clients. The premise of the sale was that the stocks would deliver returns like no other stock and that the client would […]
Investing in the stock market isn’t child’s play. There are emotional pitfalls that can hit you hard and lead you to make investment mistakes. Even with my experience, I’ve already fallen into one of these traps. We’re only human! Here are five of these traps and how to avoid falling into them. 1. The illusion […]
If you’re already investing in the stock market or want to begin doing so, it’s in your best interest to choose an online broker that best meets your needs. In fact, Canadian online brokers, also called discount brokers, have a variety of service offerings. There are several factors to consider in order to determine which […]
Bonds are an essential ingredient in most investment portfolios. They are negatively correlated with the stock market, so they reduce the risk inherent in a portfolio. In addition, they provide consistent returns with low volatility, so they’re generally a safe, predictable investment as well. But do you really know what a bond is? What is […]
The Registered Retirement Savings Plan (RRSP) was created in 1957 and is the oldest of the registered accounts. In fact, you can deduct the amount you invest into an RRSP from your annual taxable income, up to 18% of the previous year’s income, or $26,010. Unused contributions can also be accumulated. However, when the money […]
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 […]
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. […]
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 […]
