What You Need To Know About Canadian Pension Fund Asset Allocation and Diversification
When we think about retirement, we consider our own personal savings, real estate, insurance, and investments. Another key aspect of retirement planning is considering a pension. Many Canadians are familiar with the Canadian Pension Plan. This is a basic benefits...
Inflation vs. Interest Rates
As with anything in life, nothing stands on its own. In economics and investing, there are many links between different strategies and markets. Two such essential terms to note are inflation and interest rates. These two things may appear as separate entities at...
DRIP Investing Part 2: Understanding Compound Interest
We explained what a Dividend Reinvestment Plan (DRIP) was previously, but that only scratches the surface. You may still be wondering, "What are the benefits, and is it right for me?" The significant benefit to DRIP investing comes from compounding interest. ...
The Rise of Alternative Investments
Many investors have seen increased volatility in the markets in the past few years. The COVID-19 pandemic highlights the increased need for diversification for this exact reason. Alternative investments can be an attractive option when there's uncertainty in...
How Does the Rising Inflation Affect Investments?
We all know inflation as the key component that's made cars, houses, and groceries more expensive over time. It's also responsible for a fluctuating value on the money in your wallet or bank account. The question remains, how does rising inflation impact your...
5 Areas the Super Wealthy Invest Their Money In
When it comes to investing, it would appear that the super wealthy have it all figured out. The question is, what are they doing, and how can we mimic it? There are five key things that the super wealthy invest their money in that you could implement on a smaller...
DRIP Investing Part 1: What is Dividend Reinvestment?
It seems like most things are automated nowadays. Our Hydro is automatically paid. Our car insurance can be pulled directly from our accounts. Even our paychecks are directly deposited into our banks rather than having a physical check you have to take into the bank....
How to Prepare for Retirement During a Pandemic
Retirement planning is hard at the best of times, and so is preparing for anything during a pandemic. So retirement planning during a global pandemic can feel impossible. The volatility of many stocks and markets can make many retirees or those close to retirement...
Portfolio Rebalancing: Here’s How to Do It Right
Balance is an essential part of a healthy life. If we lose balance in our diet, it leads to health problems. When we lose balance in our financial portfolio, it can mean unhealthy finances and unnecessary stress. Rebalancing your portfolio is a great way to bring...
TFSA Contributions in 2021
As we near the end of 2020, we can feel a collective sigh of relief — this has been an intense year. However, things aren't over yet, and it's vital to start looking at your finances and goals for the coming year. The Canadian Revenue Agency (CRA) has announced a...