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A guide to getting value from your advisor, and shifting to lower-cost investments May 19th
A MoneySense reader writes:
I have investments with a financial planner and my fees are 2% or more per year, for a total of close to $6,000 per year in fees. I’ve been looking at moving my investments to a robo-advisor, but I’m concerned about the capital gains and subsequent taxes from moving m.... More »
MoneySense at the MoneyShow: Investing in Real Estate in 2023 May 9th
Join MoneySense for the MoneyShow Canada Virtual Expo.
The last year has tested Canadian real estate investors with high-interest rates and inventory issues. To give you some insight into the markets—Canada-wide!—MoneySense teamed up with Zoocasa. They analyzed real estate data to reveal the.... More »
Making sense of the markets this week: May 28, 2023 + MORE May 26th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Hitting our head on the U.S. debt ceiling
By far, the dominant force influencing markets this week was the completely illogical far.... More »
How to get back into emerging markets using ETFs + MORE May 6th
There is nothing like recency bias to get investors rethinking their portfolios. For Canadian investors, that historically meant an overweight to U.S. equities, usually at the expense of international exposure, whether developed or emerging markets.
Part of this comes down to experience. Many you.... More »
Nasdaq futures rise to start the week as Tesla shares jump: Live updates - CNBC Nov 18th
Nasdaq futures rise to start the week as Tesla shares jump: Live updates CNBCFutures mixed after previous week's slide as focus shifts back to earnings Yahoo Canada FinanceWhat To Expect in the Markets This Week InvestopediaNvidia results will rock markets .... More »
Investing on COVID vaccine news: it isn’t all upside
– moneysense.ca
It’s been a good couple of weeks for those who have been looking for signs that the COVID-19 crisis is nearing its end. Yes, cases continue to rise in record-breaking numbers every day, and it seems as though governments in Canada and the U.S. are losing control of the virus’ spread, but with a new U.S. president expected to take office in January—one who will likely take a different approach to battling the pandemic—people are feeling a little more optimistic.
There’s also a potentially major breakthrough on the vaccine front. On Monday, Pfizer announced that its vaccine was found to be 90% effective in preventing novel coronavirus infections. While on Nov. 16, Moderna revealed that its vaccine had a 95% effectiveness rate. Could this really be the end of COVID-19? Stock markets seem to think so, with the S&P 500 up by 7.5% since Nov. 3, and the S&P/TSX Composite Index up by 5.2%
The last couple of weeks have given investors a glimpse into what a post-pandemic stock market could look like…
There’s also a potentially major breakthrough on the vaccine front. On Monday, Pfizer announced that its vaccine was found to be 90% effective in preventing novel coronavirus infections. While on Nov. 16, Moderna revealed that its vaccine had a 95% effectiveness rate. Could this really be the end of COVID-19? Stock markets seem to think so, with the S&P 500 up by 7.5% since Nov. 3, and the S&P/TSX Composite Index up by 5.2%
The last couple of weeks have given investors a glimpse into what a post-pandemic stock market could look like…
House rich: How to access the equity in your home
– moneysense.ca
With the national average home price up a record 18.5% in August 2020 compared to the same time last year, more Canadians than ever have a significant portion of their wealth tied up in their homes.
Who are these “house rich” homeowners? They range widely—from retirees on a fixed income, to baby boomers who’d like to help their adult kids financially, to young parents struggling to save due to the high cost of living and childcare.
Many are now looking at ways to access the equity in their homes. These include refinancing their traditional mortgage, obtaining a home equity line of credit (HELOC) or getting a reverse mortgage. But how can you determine which option is best for you? To help you decide, we’ve outlined four common scenarios of house-rich homeowners, and how—or if—they should go about tapping into the equity in their properties.
Scenario 1: Pensioners who need to increase cash flow
While lucky enough to have company pensions, these retirees underestimated their post-work cash-flow needs…
Who are these “house rich” homeowners? They range widely—from retirees on a fixed income, to baby boomers who’d like to help their adult kids financially, to young parents struggling to save due to the high cost of living and childcare.
Many are now looking at ways to access the equity in their homes. These include refinancing their traditional mortgage, obtaining a home equity line of credit (HELOC) or getting a reverse mortgage. But how can you determine which option is best for you? To help you decide, we’ve outlined four common scenarios of house-rich homeowners, and how—or if—they should go about tapping into the equity in their properties.
Scenario 1: Pensioners who need to increase cash flow
While lucky enough to have company pensions, these retirees underestimated their post-work cash-flow needs…
