Here’s a plan, when someone wants to give you money, take it. It’s incredible that most Canadians walk past free monies. We say ‘no thanks, I’m good’. The place where we walk right past free monies is often at work. Our employer wants to give us money every two weeks and we take a pass. […]
How important is credit when building wealth?
The following is a guest post by request. How important is credit when building wealth? Here’s the answer, with some useful tips courtesy of the team at Loans Canada. When it comes to personal finances, credit is probably a term you’ve seen bouncing around. You might be wondering, is credit really important when it comes […]
Using your RRSP and TFSA to play retirement portfolio catch up.
It’s not too late. Even if you’re in your 40’s or early 50’s you can play some serious portfolio catch up. You can put your retirement portfolio into overdrive. And you can use your RRSP account to drive your TFSA account. With a retirement portfolio catch up strategy your generous tax return monies go directly […]
How to teach kids about money.
Happy Family Day for those Canadians who are in ‘Family Day Friendly Provinces’. To our American readers happy President’s Day. On either side of the border you might have some wonderful time to hang out with family. We’ll take that as an opportunity to deliver a family-themed message. How to teach kids about money. I […]
Dalbar’s national retirement study ranks RBC as the #1 bank.
Dalbar recently unleashed Canadian mystery shoppers at Canadian banks and credit unions. The shoppers were seeking advice on retirement and retirement planning. In the big bank category RBC came out on top. In Dalbar’s national retirement study TD was back of the pack. This first of its kind study was a look at how well […]
Wealthsimple and investors behaving badly.
Most investors go through the masochist phase. They hurt themselves over and over again. OK, I should not call them investors. This is the path to becoming an investor. Many start out trading and speculating. And by trading I mean losing money. The folks at Wealthsimple should not be surprised to see investors behaving badly. […]