…more short-term or long-term. Consider speaking with a financial advisor to build a portfolio that works for your situation. 2. Diversifying stocks by industry While diversifying asset classes can be…
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Investing and saving during a recession
…downturns and recessions in the past. Recovery can take time, but it’s likely that market performance will improve again in the longer term. For this reason, focus your attention on…
10 reasons to read the notes to financial statements
…and strength as well as any risks that you should be aware of. 1. Revenue Notes can give details about where revenue comes from, payment terms, amounts allocated for refunds…
How chequing accounts work
…account? Chequing accounts are a safe, convenient place to keep money that you plan to use for day-to-day spending or to pay bills over the short term. Most Canadians use…
How savings accounts work
Savings accounts are a good place to put money aside for short-term goals or emergencies. They typically earn interest. And having a savings account can help you develop a habit…
How does compound interest help your money grow?
…another step in your saving progress. The trade-off for investments like these is that you may be required to leave your money in the GIC for the full term, in…
Guide to online investment advisers
…use an online investment adviser? Summary What is an online investment adviser? The term “robo-advisor” can be misleading. Robo-advisor conjures up an image of a fully automated computer system that…
What is a GIA and how does it work?
…GIA rates online for the term you’ve chosen. Talk to the people who sell GIAs. Ask if you can get a better rate than the one posted. Rates may also…
How RESPs work
…RESP terms to know: Subscriber – The person making contributions to the RESP. Contributions – Money paid into an RESP. Beneficiary – The person receiving the payments from the RESP….
Investing and the COVID-19 Experience
…March 2022, while nearly 4 in 10 (37%) thought the negative effects will not last that long. Half of Canadian investors have been ‘active’ in terms of investing during COVID-19…