Currently, many Canadian Baby Boomers rely on real estate to fund their retirement plan – a potentially risky move. Retirement can be funded through a variety of saving vehicles – read on to learn more about the payoff and risks associated with each one.
What is a REIT and how can you use it to capitalize on the inflating housing market? REITs are highly liquid (vs. having a property as an asset in your portfolio), cost effective (less expensive per unit than real estate) and they allow you to invest in non-residential property as well if you so choose.
In the second chapter of our Learn To Trade Stocks Online Series, we strive to find the perfect brokerage for our investment strategy needs. Who’s better – independent discount brokerages or the big bank offerings? What’s the deal with commission structures? And what kind of hidden fees could be lurking? We break it all down – the hunt is on!
If you’re an investor with average knowledge of the markets, chances are you’ve put most of your money into mutual funds. Makes sense: these funds diversify your investments and put your money into a large pool with others. The biggest criticism of mutual funds is that the fees, most of them hidden, eat away at your investments. A number of studies have shown that in Canada we pay some of the highest mutual fund fees in the world. Here’s a breakdown of what the fees are and what they’re used for.
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?
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.
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.