Rising rates could be a reality for many Canadians this year or next. How will they impact your retirement portfolio?
Recent finance headlines are full of news on the Barclays Libor scandal. For those not familiar with the global interbank lending interest rate, the news puts into question the validity of trillions of dollars in loans granted between 2006 and 2008. Will Canadian finances be affected? If their bank used this benchmark rate to trade with international financial institutions during this time period, they very well could be.
I must confess. I’ve never been much of a gold bug. And I admit, I’ve never understood how the market values gold or the reasoning behind holding gold. So why is the market full of news about investing in gold?
I’ll admit it, I used to be one of those naïve individuals who believed that if I was paying a professional to do something that I couldn’t do myself, then they had to have my best interests at heart – no matter what. Sadly, the older I get, the more I realize that this isn’t the way the world works. Take, for instance, financial advisors. Knowing how your financial advisor gets paid will give you a better idea of where their interests lie.
Most of us who invest, or have retirement money in something like an RRSP (registered retired savings plan) or TFSA (tax-free savings account) have much of our savings in mutual funds. It’s a word we toss around all the time when we visit our bank or financial advisor. But how many of us truly know what they are?
They say that women investors are different to men, and that fewer women invest than men. Why is that? Women believe that there are differences in the way women approach investing and how they work with financial advisors. Women consider a number of unique factors that can have a significant impact on the way they invest.
Like most of us, you probably pledged to lose a little weight, get more active, and to get a better grip on your finances this year. Unfortunately, resolutions are much easier made than kept. If you’ve made a money-related resolution, but are having trouble staying on track, you might just need a little motivation. Below, I’ve provided a list of this year’s must-reads.
The old expression “Nothing ventured, nothing gained” is especially true when it comes to investing, but some types of investments are definitely safer than others. Before considering investing in stocks, bonds or commodities, take the time to do a personal risk assessment.
Nobody wants to lose a shirt; a good investment is a wise investment.
Thinking about getting a financial advisor? Choosing the right one is important. When you sit down with a few potential advisors, here are some questions you will want to ask.
Before you venture into investing, you need to determine two things: your personal risk tolerance and your needs and goals. In order to do this properly, you need to understand the different types of investments and the amount of risk involved with each.