Stock and bond markets were subdued, as is typical for August. The Canadian economy posted its worst quarter since the financial crisis, meaning that interest rates in Canada are unlikely to change any time soon. Meanwhile in Europe and Japan, US investors are turning negative yielding bonds into money makers.
Stock markets around the world shrugged off Brexit and posted strong gains in July. The B.C. government surprised many with a 15% additional property transfer tax on foreign buyers in Greater Vancouver.
It may be the middle of summer break, but there’s never been a better time to learn about saving for post-secondary education, including government grants and RESP rules. ModernAdvisor hosted a webinar on July 21 featuring two of Canada’s favourite financial professionals, Sandi Martin of Spring Personal Finance and Julia Chung of JYC Financial. The webinar covered RESP rules as well as […]
Voters in the UK put stock markets into a bit of a tumble after they narrowly voted to leave the EU. North American stock markets fared better and recovered their losses by the end of the month. The biggest loser was the British Pound which hit a 31 year low just after the vote and has continued to drop.
Since ModernAdvisor launched to the public in January 2016, we haven’t made any changes to the weights of the asset classes in our model portfolios or changed the investments we use in our model portfolios. Effective July 1, we will be adjusting the weight of the ETF we use to represent non-North American developed market stocks. Why? In late December […]
Investing 101 Webinar with Navid Boostani, CFA If you’re just getting started with investing and want to learn the basics, we’ve got you covered. On June 9th, we hosted a webinar on the basics of investing. If you missed it, you can watch the recording here: Transcript Welcome to our webinar, my name is Navid Boostani and I’m co-founder and […]
Stock markets took a breather in May, as did the Canadian Dollar, while real estate in Canada’s major cities did not. Oil continued to rise, briefly hitting US $50 per barrel.
1. What is a RRIF? So you’ve been contributing to your RRSP for many years and are now ready to retire. What do you do with your RRSP now? That is where RRIFs come in. RRIFs (Registered Retirement Income Funds) are basically the successor to RRSPs. You can convert some or all of an RRSP to a RRIF at any time, […]
