Guiding you along your financial journey
Oil rose sharply in April, helping the Canadian Dollar rise to levels not seen in almost a year. Canadian stocks were also helped by oil prices, particularly the S&P/TSX Venture index which had its best month ever.
Passive investing or active? The words passive and active carry a lot of baggage in today’s society. When you hear the word passive, what comes to mind? For most people, it describes someone who allows things to happen or accepts what other people do or decide. Active is pretty much the exact opposite, its someone that takes charge or is […]
Continued from 10 Common Misconceptions About Robo Advisors (Part 1) Misconception #6 – Humans are inherently better investors (and advisors) than robo advisors Intuitively, it seems like humans would have the advantage over technology, that an algorithm could never perform as well as a human advisor. There’s a hesitation in handing over the reins to an unfeeling algorithm, even when […]
Faizal Valli’s Tax Tips and Traps If you haven’t yet filed your 2015 taxes, or if you’re looking for a summary of the recently announced federal budget, check out this 30 minute podcast featuring Faizal Valli, CPA, CA. Have a tax question that wasn’t covered here? Let us know in the comments or connect with Faizal directly on LinkedIn. […]
This is a guest post written by Robb Engen at Boomer&Echo. Robb is a fee-only advisor and he blogs about Canadian personal finance and investing at Boomer & Echo. Reach him at robbengen@gmail.com How can you decide which online financial advisor is right for you? An online financial advisor, or what the financial media and investment industry call a […]
Stock markets around the world rose in March with Canada leading the way. The Canadian dollar had another strong month and the new federal government revealed their first budget with a headline grabbing deficit.
As more and more people are becoming interested in online financial advisors (aka ‘robo-advisors’), we thought it would be helpful to dispel some of the myths around robo-advisors and what they’re all about. Simply put, a robo-advisor is an online financial advisor – a web-based service that assesses your preferences and provides investment recommendations. Here are some of the more […]
At ModernAdvisor we take keeping fees low seriously. The same cannot be said of the mutual fund industry. The majority of mutual funds in Canada sold by advisors have fees of over 2% per year. The proponents of actively managed mutual funds often argue that the reason the fees are what they are is you are paying for that active […]
