Guiding you along your financial journey
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 […]
You might already be an expert on saving money when it comes to your own purchases. But if you and your partner are becoming parents for the first time, you likely need a little guidance on how to save money on purchases for your baby. Take Advantage of Coupons & Samples Many manufacturers give hospitals samples or coupons for […]
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 […]
Taking control of your cash flow Once you’ve developed a plan for paying down your debt, you need to organize your cash flow so that you actually make your payments, cover your bills, and have enough for groceries. Thanks to the plethora of “free” bank accounts available in the world, it’s easy to set up a working program that requires […]
“Debt.” Does the word make you want to curl up into fetal position and cry? If so, you’re not alone. We carry a lot of shame about poor money management. The number of people who come to us, as financial planners, with their heads low and whisper about how badly they’ve messed it up is ridiculous. Feeling shame, and hiding […]
There’s a lot of debate about exactly how big the gender wage gap is, and the causes of it, but it undeniably does exist. Total Income: Men and Women in Canada Source: Statistics Canada. Table 202-0407 – Income of individuals, by sex, age group and income source, 2011 constant dollars, annual Many people incorrectly believe that women earn less […]
