What do you need to embrace the stock market correction and recession created by COVID-19? First off, you need guts. We are in a period of extreme fear. You need to be able to press that buy button amid all of the scary reports and images. And it’s likely to get worse. You also need […]
Should you de-risk your portfolio amid COVID carnage?
The coronavirus outbreak is currently out of control. There’s just no other way to put it. New cases outside of China are growing exponentially. The US now leads the world in the number of active cases. The US is setting records for new case growth rates. If things don’t change in a hurry, New York […]
Do you have a bear market investment plan?
Yes, we are in a bear market. And a recession is all but inevitable. It’s tough when we are in the moment, but this is all ‘normal’ stock market and economic behaviour. All bull markets must come to an end. Continued economic growth is not inevitable. Recessions appear with regularity. So here we are. We […]
It’s RRSP contribution deadline day.
Last call. Tick Tock. You can make an RRSP contribution today and use that contribution slip when you file your 2019 taxes. It’s RRSP contribution deadline day. Of course it’s called a first 60-day contribution. You can also carry that forward to be used in a future tax filing. Here’s a good post from savvynewcanadians […]
Take all free monies with your Group RRSP! Plus Weekend Reads.
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 […]