Guiding you along your financial journey
Question. Hi, I’ve been renting an apartment for the past few years, and it’s great. However, I’m wondering if I should buy something instead? Many of my friends have recently bought houses, and they’re encouraging me to do the same. I guess it seems like a natural progression to buy something eventually, but I really like my apartment, and so […]
Question. Hi, my fiancé and I are getting married this summer, and I’m looking for some advice on the best way to setup our household finances. Until now, we’ve maintained separate finances and bank accounts. However, we’ve just recently purchased a house, so in addition to the mortgage, we’re going to have a lot more shared expenses. I should also […]
February was the most difficult month we’ve seen on the global stock markets in some time. Bonds provided a bit of a safe haven as Donald Trump looks to be starting a trade war as a negotiating tactic.
Question. Hi, I’ve just received a small inheritance, and would like to use it to help save for my child’s education. I’ve spent some of the inheritance already, to take care of some outstanding credit card debts, and have about $20,000 left over that I would like to invest for my son. By the way, my son was born earlier […]
January was a good month for most equity markets, but the Canadian market was left out. The US market was one of the top performers but quickly reversed at the start of February, reintroducing the concept of volatility to many investors.
Question: What is going on in the markets right now?! I don’t know what’s happening but I don’t want to see my account go down like this. Do you think now is a good time to sell? Answer: Indeed, it seems Mr. Market is has stopped taking his medication and is throwing a tantrum again. What’s going on? On the afternoon of […]
Question. Hi, I have some money that I’d like to contribute to my investment plan. I have about $110,000 in my RRSP, and about $32,000 in my TFSA. This year I can afford to contribute about $5,000, and I’m wondering if I should put it into my RRSP or my TFSA? Which one is better? Answer. Which is better, a […]
Over the last few days the stock markets around the world have done something they haven’t done in over a year: post a large negative return for a few days. The latest drop in the markets appears to be caused by the fear of interest rates going up in the near term. We’ve also read reports of a few leveraged […]
