…bank loan or line of credit, withdraw from their investment account, or carry a balance on their credit card. Nearly 1 in 10 Canadian investors reported having faced an unexpected…
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Individual Pension Plans (IPPs)
…an IPP each year can exceed the amount an individual can contribute to an RRSP on their own, especially at later ages (age 50 or older). Creditor protection: Like other…
Gamification & other behavioural techniques
…research report looked at gamification, and other behavioural techniques, used by online brokerages now or that could be used in the future. It also looked at the positive and negative…
More complex ways to invest in stocks
…sell a stock, you borrow shares from your investment firm because you think that the price of the stock is going to fall. You sell the borrowed shares at the current price. And…
What to do if your child receives an inheritance
One of the lasting gifts grandparents can leave their grandchildren is an inheritance. If used wisely, this bequest can have a significant impact on their future. Big dreams – such…
How to make a complaint to get your money back
Are you unhappy because of financial service or advice you received, and you believe you may have lost money? Do you believe you may have lost money due to poor…
Pump and dump scams
Pump and dump scams are when fraudsters use an artificial market to drive the price of a stock up. Once you invest, the value will then dramatically fall. Find out…
Loss aversion: Why people are so afraid of losing money
…refuse to sell stocks or other assets for less than what they bought them for (i.e., in the red) — even if it is a smart investment decision to do…
Be cautious with celebrity endorsements
Famous people are often used to promote products and services or to help raise awareness for events or special causes. Increasingly, some celebrities are endorsing investments or products marketed as…
Saving or investing for short-term goals
…You can save or invest to reach your short-term goals. Cash equivalents are a type of asset class that are often used to invest for short-term goals. You can use…