Guiding you along your financial journey
Q1 2021 Performance Update The first quarter of 2021 was a good one for ModernAdvisor’s portfolios; with the exception of risk level 1, all portfolios were positive for the quarter. With equity market performance being strong, you’d expect performance to be strong from portfolios that use index ETFs, so with bond markets having their worst quarter in decades that was […]
Albert Einstein reportedly said, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” When it comes to investing, there are two very important keys to success: harnessing the power of compound growth, and starting early. Let’s take a look at each of these concepts, beginning with compound growth. (Note […]
A spousal RRSP is not just for retirement planning – it can also be a great tax planning tool. Given the high level of taxation in Canada, tax savings should always be a priority for Canadian investors. Proper tax planning involves making the most of any potential tax savings strategies available to you. First and foremost, although the official terminology […]
April was another strong month for equity markets, while fixed income had a flat month.
March was another strong month for equity markets, while fixed income continued to struggle.
In the past, most Canadians relied heavily on employer pension plans and government pension plans to provide a source of income in retirement. These days, many employers no longer offer pension plans, and individuals frequently change careers and employers. As such, the Registered Retirement Savings Plan, or RRSP, has become one of the most common retirement savings plans in Canada. […]
February was a strong month for equity markets, much stronger than usual for that month of the year. Fixed income on the other hand, was down almost across the board.
After equity markets finished December strongly, they took a breather in January. Bond markets didn’t do much better.