The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Should you update your financial plan given recent volatility? May 22nd
The COVID-19 pandemic is causing wide-ranging impacts on people’s investments, jobs and businesses. There are events that may trigger significant personal changes for someone’s financial planning, but COVID-19 has caused sudden changes for many people all at the same time.
Investments
For those .... More »
Adopt a pet during the pandemic? You might need to budget more than you think Sep 1st
Adopting a cat or dog is a significant investment. Bowls, beds, leashes, crates, microchip tracking, nail trimmers, poop bags and litter boxes, flea or tick prevention, food, adoption fees, vaccinations, unplanned vet bills; the list goes on, Lesley-Anne Scorgie writes, so be financially prepared..... More »
Should you sell stocks to simplify with an all-in-one ETF? Aug 12th
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I have a mixed bag of stocks in my TFSA, RRSP, corporate trading account, and in my non-registered accounts.
I am in my mid-50s and looking to simplify my portfolio. I would like to sell all positions within each account and deploy a 2 to 3 ETF portfolio. Am I able to sell off ever.... More »
Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
July 2017 Dividend Income Update + MORE Aug 7th
Save, invest, prosper with My Own Advisor.
July 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss our approach to investing using Canadian dividend paying stocks. We believe buying and holding a number of .... More »
Giving children an allowance can help instill positive money habits, financial experts say.
Canada attracted an estimated 8,000 millionaires last year, trailing only Australia and the United States on the list of top destinations, according to a recent report from New World Wealth.
Loblaw had $11.13 billion of revenue and a $201 million net profit in the fourth quarter, according to earnings announced Thursday morning.
Allowances can help kids learn financial savvy
– canadianbusiness.com
Robin Taub paid her two kids a weekly sum when they were younger in an effort to help teach them basic money skills.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says _ a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says _ a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
How allowances can teach your kids about money
– moneysense.ca
TORONTO — Robin Taub paid her two kids a weekly sum when they were younger in an effort to help teach them basic money skills.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says — a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
Now, they’re living away from home at university, managing a budget, and friends tease them for being money-smart kids, she says — a riff on the title of her book, “A Parent’s Guide to Raising Money-Smart Kids.”
Giving children an allowance can help instill positive money habits, financial experts say. At a time when Canadians are carrying record loads of debt, that can be invaluable.
A guide to teaching children about money »
“Kids do need the opportunity to manage the money starting at a young age, where they can make little mistakes when the stakes are low and learn from them,” says Taub, a chartered accountant.
She recommends doling out one dollar a week for every year of the child’s age.
One of the biggest debates for parents around allowances is whether to tie them to chores.
Taub believes chores should be done because kids are contributing household members, not because of financial incentive…
