…6. Use pictures and comparisons Some ideas lend themselves to images. You can also use comparisons to explain new ideas: “An RRSP is like a savings account but it’s to…
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Getting Started: Human-Centred Solutions to Engage Ontario Millenials in Investing
…of millennials. As outlined in the OSC’s 2018-19 Statement of Priorities, the OSC is committed to: conducting and publishing research that provides insights into retail investor knowledge, attitudes and behaviours…
Investment performance and the cost of advice
…sales charges when you sell the security must be included in your trade confirmation. Report on charges and other compensation – You will get an annual report that includes detailed…
Herd behaviour: When following the crowd isn’t in your best interest
…sense of psychological comfort. What does herding look like? You will notice herding in many aspects of your life and the world around you. Some examples of herding include: Sports…
Principal protected notes (PPNs)
…disadvantages of PPNs High fees – In addition to sales commissions and early redemption fees, PPNs may charge management fees, performance fees, structuring fees, operating fees, trailer fees, and swap…
Opening an RESP
…and penalties Know how much the plan will cost. Are there sales fees or set-up fees, annual fees or penalties for making changes? 5. Read all the information carefully before…
What are crypto assets?
…platform to provide access rights or the ability to purchase a specific product or service. The provider of the product or service typically issues the tokens, which can only be…
How to monitor ETF performance
…not exactly match the returns of the benchmark. 3. Add up the fees Fees and commissions reduce your ETFs returns. Learn more about ETF fees. Caution Fees reduce the return…
What is a pension plan and how does it work?
…Employers may offer other financial resources besides pension or savings plans, such as learning tools, access to a professional financial advisor, and online account access. Check what resources may be…
Making RRSP withdrawals before and after you retire
…— tax-free — from your RRSP if you use it to fund your education or buy your first home through a federal program. When it comes to getting income from…