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.
Latest News
Variable mortgage rates regaining traction as Bank of Canada cuts rates + MORE Sep 5th
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the r.... More »
China's threats over Huawei CFO's arrest rattle Canadian business Dec 11th
As China continues to threaten Canada with unnamed “consequences” if it doesn't release the chief financial officer of Chinese telecommunications giant Huawei, some in Canada’s business community are openly worried about what’s coming next..... More »
Canadian lifestyle retailer Roots files for IPO Sep 14th
The company said New York-based private equity firm Searchlight Capital Partners LP and founders Michael Budman and Don Green are selling their stake
.... More »
White House says next G7 to be held at Trump golf resort in Miami - CBC.ca + MORE Oct 17th
White House says next G7 to be held at Trump golf resort in Miami CBC.caBurnett knocks Mulvaney's statement: 'The tape speaks for itself' CNNWhite House says next G7 summit to be held at Trump's golf resort in Florida The Globe and MailTrump takes another serving at .... More »
How much does life insurance cost in Canada? + MORE Mar 22nd
Life insurance is often touted as the financial safety net we all need, but what if it’s an added expense you’re not sure you can afford? If that’s your thinking, you’re far from alone—a 2019 study showed that most Canadians are underinsured, with 49% having never purchased life insurance.... More »
What makes a great Exchange Traded Fund?
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.What makes a great Exchange Traded Fund?
Lots of things from my perspective, things I’ll share with you today…
What is an ETF?
An ETF (Exchange Traded Fund) is a diverse collection of assets (like a mutual fund) that trades on an exchange (like a stock does). This makes an ETF a marketable security and for this reason, this trading capability, ETFs can experience price changes throughout the day as they are bought and sold. ETFs typically have lower fees than mutual funds (although not always), which can make them an attractive alternative to mutual funds. We’ll get to that in a bit. Based on my personal experience, ETFs are easy-to-use, easy to buy, and can offer low cost, tax efficient ways to invest your money. This is particularly true if you own an ETF that tracks a broad market index, or an indexed fund.
You can learn more about ETFs here.
Here’s my take on indexing to my younger self.
What makes a great ETF?
A number of things come to mind for me, in no particular order of importance…
Millennial love for Snapchat extends to Snap’s stock
– theglobeandmail.com
For some young investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc
