Market Update for February 2020
February was a down month for nearly all equity market indexes as the corona virus continued to spread around the world.
Guiding you along your financial journey
February was a down month for nearly all equity market indexes as the corona virus continued to spread around the world.
Back in January, investor optimism soared as headlines touted great success for both US and Canadian markets. We were told Canada’s main stock market index, the S&P/TSX composite index, was expected to shatter records this year, as the market was hitting record highs. Two months later, in March, we are now dominated with headlines of the worst day in history […]
Six years ago we set out to improve and modernize the investing experience for Canadians. Today, we are excited to announce that ModernAdvisor has joined the Guardian Capital group of companies. Our transparent and tech-enabled approach to investing, combined with Guardian Capital’s expertise and resources will help us to better serve our clients and reach even more Canadians. In light […]
Question. Hi, I keep hearing about RRSPs in the news lately, and I know the contribution deadline is getting close. I’m wondering if should contribute to my RRSP this year, and if so, how can I figure out how much to contribute? Do you have any advice or suggestions for me? Answer. Indeed, it’s that time of year again, […]
Question. I’m planning to open an RRSP, but I don’t really know who to indicate as the beneficiary of the plan. Is this important? Answer. Yes, very important! And not just for RRSPs, but for registered plans in general, as well as life insurance policies, too. In Canada, life insurance policies and registered plans such as RRSPs allow for a […]
December was a good month for most equity markets, while one of the best performing asset classes in 2019, REITs, took a breather.
Question. I’ve noticed a lot of news about the US stock market recently, and how last year was a great year for investors. I have mostly Canadian investments in my portfolio, as I feel that it’s safer. But I’m wondering if 2020 will be the same, and if I should buy US investments instead? Do you think that now is […]
With another year coming to an end, and the New Year just around the corner, we’ve put together our ‘Top 3 Last-Minute Financial Planning Tips and Strategies for 2019.’ Let’s take a look at ways you can improve your personal year end: Tip #1: Make Your RESP Contributions Do you have a child under the age of 18? If so, […]