…between 5 and 7 years), you won’t pay a fee when you sell your units or shares. Some fund companies may also let you take some of your money (usually…
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Mutual fund series
…Retail series (Series A) Most retail investors (individuals investing their own money) buy these series or classes, as there are typically minimal requirements for an investor to meet and investors…
Choosing a mortgage
…penalties. Ask yourself how likely is it that you will have extra money to pay off your mortgage. You pay for flexibility when you get an open mortgage. Fixed or…
Getting a mortgage approved
…worth what they owe to the bank. People can lose their jobs – Without mortgage insurance, they may quickly run out of money to make their monthly payments. Take action…
How and why to insure your home
…the full value of your things. You may want insurance to cover special items in your home such as: books, software, or tools money and coins bikes, boats, riding mowers,…
How to monitor stock performance
…by 40), while Company B’s is 5% (1 divided by 20). The dividend yield can tell you how much cash flow you’re getting for your money, all other things being equal. Summary It’s important…
Ontarians and cryptocurrencies: A first look
…an investment to first check out our many resources on investing at GetSmarterAboutMoney.ca. The OSC Inquiries and Contact Centre is also available to answer your questions about investing, or any…
Other ways to get personal insurance coverage
…insurance only covers the debt. It doesn’t give your family any other options for using the money. Benefit decreases over time – The benefit amount drops as the mortgage or…
Disability insurance basics
…months, you can save money on your premium by choosing a longer waiting period. 2. Payment period Some policies pay benefits for two or five years. Others continue to pay…
Long-term care insurance basics
…for each day that you require care. This money is paid to you regardless of the actual cost of the care. However, some policies reimburse expenses rather than pay a…