As a small business owner, you work hard for your money and your money should work hard for you too. Here are some financial tips for your business and your…
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Affinity fraud
Fraudsters work their way into groups their target belongs to and work to gain their trust. After they create strong relationships, they convince people to invest in their scheme. Find…
Familiarity bias: The limits of going with what you know
Do you only invest in GICs or a handful of stocks because they are familiar? That could be because of familiarity bias. When it comes to investing, you may miss…
Herd behaviour: When following the crowd isn’t in your best interest
Have you ever bought a shirt because a lot of your friends were wearing one like it too? Or did you want to get the newest smartphone because you kept…
When to review your budget
…your goals. Learn more about how to counteract your biases to make better decisions. Use this budget worksheet to review and adjust your budget. Summary When your life changes, it’s a good…
Financial statement basics
…step to informed investment decision-making. In general, the financial statements provide historical financial information about a company that is useful to existing and potential investors, lenders and other creditors in…
How setting goals can help you save
…to pay for and the less likely you will need to use a credit card or take a loan to cover some of the costs. Learn more about saving for…
Communicating your estate plan
…of all your financial accounts, such as bank, investment and credit card accounts. A list of your digital assets such as social media accounts, music streaming accounts, reward points accounts,…
Investing and the COVID-19 Experience
…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…
The risk-return relationship
…a greater chance you could lose some or all of your money. GICs and bank deposits carry low risk because they are backed by large financial institutions. With GICs and…