Guiding you along your financial journey
What can you do about those investments in your portfolio that aren’t exactly performing as you had expected? If you’re like many others, you’re probably thinking, “I’ll just hold it until it goes back up to where I bought, and then I’ll sell it.” Indeed, this seems to be a common strategy. Why? Mostly because, if we sell an investment […]
Question: My wife and I have a child, and have an RESP – Registered Education Savings Plan – individual plan for her education savings. We’ve been doing a good job of contributing to the RESP since our daughter was born so there’s a fairly significant balance in there now. My concern is that our daughter, who is currently 15, is […]
Q: Hi, my husband and I got married a few years ago, and we’re now planning on purchasing our first home together! He has about $40,000 in his RRSP and I have about $55,000 in mine. I’m wondering what your thoughts are on the Home Buyers’ Plan. Can you explain how it works? And do you think it’s a good […]
In today’s knowledge-driven world, a post-secondary education is more important than ever. But because of increasing tuition costs, many students need their family’s support to pay for a college education. To help families save for their children’s post-secondary education, the government of Canada introduced the Registered Education Savings Plan (RESP) back in 1972. RESPs have evolved substantially since then and […]
According to renowned investment consultant, Charles Ellis, investors innocently describe mutual fund fees with one four-letter word and one number – both word and number are wrong. The word is “only,” and the number is often “1%.” So, when referring to mutual fund fees, we end up with statements like “It’s only 1%.” That may be true in the United […]
Put yourself in this scenario: You’re planning to go to a show tonight. A ticket costs $150, which you’ve already purchased the day before. When you arrive at the show this evening, you realize you left your ticket at home on the table. You don’t have enough time to go home and get it. Do you purchase another $150 ticket […]
IWD 2017 – Be Bold for Change March 8 is International Women’s Day (IWD) 2017. To celebrate, we’ve rounded up some of our top posts on personal finance for women. This year’s theme is “Be Bold for Change,” and if there’s one area where women can stand to be bolder, it’s with our finances. Why Women Need Financial Planning Women tend […]
‘Tis the season! RRSP season, that is. Time to get ready for the media’s annual dose of advertisements about saving for retirement. While we all need to be smart about planning for retirement, the reality is that there are a lot of myths and misconceptions about the RRSP – Canada’s most popular retirement savings plan. Rather than focus on a […]
