Making sense of the markets this week: January 7, 2024 + MORE Jan 5th

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Making sense of the markets this week: January 7, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

A look at 2024

Since we made this crystal ball thing look pretty easy last year with our 2023 markets forecast, we’re at it again for 2024. And, it’s always good to begin a market predictions column with the caveat that this stuff is really hard to do.

It’s impossible to make accurate predictions consistently, especially about the markets, as there are just too many variables at play to always get it right. I mean, if you could tell me the outcomes of wars, upcoming elections, more pandemics and unexpected natural disasters of 2024, then I could give my some predictions with a little more confidence.

All that said, there are some big-picture trends and general rules of thumb that Canadian investors can apply to their thinking about the year ahead.

So, with those caveats out of the way, here’s a look at how we see the markets playing out this year…

Continue Reading On moneysense.ca »

The best TFSAs in Canada for 2024

– moneysense.ca

Tax-free savings accounts (TFSAs) are more than a simple tax-sheltered savings account. TFSAs allow Canadians to hold cash, guaranteed investment certificates (GICs), stocks, bonds, exchange-traded funds (ETFs) or mutual funds within a structure backed by the government. Any interest made during your investment is yours to keep, tax-free.

Featured TFSA Accounts

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