Guiding you along your financial journey
Usually only investors with large accounts, such as those over $500,000 or $1 million, can get access to a Portfolio Manager. If that doesn’t include you, there are financial advisors available at banks or mutual fund companies you can work with. Online investment advisors, like ModernAdvisor, were created to bring the service and expertise of Portfolio Managers to smaller investors. […]
Having an emergency fund means that you don’t need to rely on credit cards or other loans when an unexpected bill or unemployment happens. Where should I put my emergency fund? So you have saved up 3-6 months of living expenses as an emergency fund. Your emergency fund should be: easily accessible liquid unlikely to lose value You don’t want […]
You have probably seen many articles about how to save money every month. The typical lists of fee saving ideas usually include: Cut your cable and internet costs Choose a cheaper cell phone plan Clip coupons Buy non-perishables in bulk Make your own cleaning products Earn more money by getting a part time job! The weirdest one I have come […]
Canadian ETFs that pay dividends We get asked about Canadian ETFs quite often, especially those that pay dividends. Just like investing in individual stocks that pay dividends (especially those that have a history of growing their dividends), this approach is getting more popular all the time. How do dividends work and what are your options? The return on a stock is composed […]
September was another rough month for the markets. August’s volatility continued, Volkswagen dropped a bombshell and the US Federal Reserve once again declined to raise interest rates.
With the recent volatility on the world’s stock markets after an extended period of relative calm, many investors are looking for something to soothe their nerves. While you might be tempted to reduce the size of your investments in the stock market, over the long term stocks outperform most other investments. Instead of reducing your exposure to stocks, a better […]
We have been hard at work, developing one of Canada’s most sophisticated technology-driven investment management services. Today, I am excited to announce that ModernAdvisor will also be one of the most cost effective services in Canada. At 0.35% to 0.50% of your investment portfolio per year, ModernAdvisor will cost just a fraction of the average mutual fund in Canada. As […]
Once you realize that you will need to invest in more than just GICs to reach your goals, where do you start? For most investors just starting out, the first place they start is a mutual fund that invests in Canadian stocks. Hopefully from our previous blog posts, you already know that while mutual funds are easy to buy, very […]
