Guiding you along your financial journey
The secret to building wealth when you’re young lies in your ability to: Build good habits. Maintain a frugal lifestyle for a number of years. Make your money work for you. The younger you are, the better chance you have of building up a large sum of money for retirement, since you have one huge advantage over the older generation: time.
Staying on top of your finances should be simple. From keeping track of your mortgage payments to figuring out where your money went last month, there’s an easier way to get it all done! So – close your excel spreadsheets and get automating with our top 5 financial tools.
When it comes to saving money, even if you’re fairly well-off, sometimes it’s difficult to make the required commitments without making significant downgrades to your lifestyle. But saving money should be smart, not restrictive! We still want to be able to ‘live our lives’, have fun and go out for dinner occasionally!
Equity markets outside Canada continued to perform well as economic data showed strength. Outside of high yield, bond markets were generally weak as economic and interest rate concerns weighed on investors.
There has been plenty of talk about whether actively managed mutual funds are worth the fees they charge. There are many people on either side of the argument. The proponents of active management argue that active managers can add value by selecting the best securities to own or by tactically shifting the asset allocation of the fund. The growing list […]
A question most people with a mortgage have is: if I have extra money, should I invest it or make a prepayment on my mortgage? There is no easy to use rule of thumb and what works for you might not work for someone else. When you make a mortgage prepayment you are getting a guaranteed risk-free return equal to […]
Most of the financial industry is geared towards selling products. You answer a risk questionnaire to put you onto the risk spectrum from very conservative to very aggressive, regardless of what you are saving for. All of your assets may be combined into a single plan that is optimized to hopefully provide the highest level of return for a given […]
Financial markets had a relatively solid month with no major surprises either positive or negative. Earnings and economic data provided little reason for investors to sell. Europe, despite Greece, continues to show signs of strength and is one of the best performing areas in the world so far in 2015.