…stock exchange. Their prices will fluctuate throughout the day, like stocks do. You can make money from ETFs by trading them. And some ETFs pay out the money the ETF…
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Understanding group RESPs
…of your investment earnings. How your money is invested The plan manager invests your savings and government grants along with money from other plan members. Your money is usually invested…
How to evaluate companies when buying stock
…risks with any investment. It’s a good idea to find out whether a company is making money or losing money, and why, before you invest. There are factors that can…
How fraudsters take advantage of behavioural biases to promote their scams
…judgments to simplify decision-making process. Unfortunately, this can lead to unwanted outcomes, like having money taken in an investment scam. By understanding our behaviour and decision-making processes, we can better…
Opening an RESP
…on the plan offered by your provider. Investments that qualify for RESPs include savings accounts, GICs, Canada Savings Bonds, mutual funds, stocks and bonds. You may want to open a…
6 reasons to open an RESP
1. Government grants The federal government adds to your RESP savings each year through the Canada Education Savings Grant. Lower-income families may also qualify for the Canada Learning Bond. 2….
Retirement Readiness: Canadians 50+
…in Ontario believe they will be worse off in retirement; nationally, this number is 40%. Nearly half (48%) of Ontario’s pre-retirees 50+ do not have a plan for retirement savings….
What’s new at GetSmarterAboutMoney.ca?
…on the microphone to record your query. Saving, sharing and printing articles is now also even easier. Start exploring the new GetSmarterAboutMoney.ca — you’ll be glad you made the trip. …
How inflation affects your investments
…to the purchasing power of money. With inflation, the same amount of money will buy fewer goods and services over time. Prices can change for various reasons, such as supply…
How to choose a financial advisor
…money do you plan to invest? Some advisors only work with investors who have a lot of money to invest, say, at least $250,000. However, there are many advisors who…