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Financing Basics for First Time Rental Property Owners Nov 5th
Investing in real estate can be a profitable venture for many investors, assuming the capital can be raised to purchase a rental property. If you think real estate investing is the right choice for you, but financing your property is preventing you from jumping in, here are a few options to help you.... More »
What’s included in Canada’s GST holiday—and how not to overspend + MORE Dec 6th
While many Canadians highly anticipate the federal government’s upcoming GST holiday, experts say consumers need to make sure they’re saving money on what they need most without falling for the allure of a deal and hurting their bottom line.
For most low- and middle-income families, “gett.... More »
ETF strategies to help Canadian investors combat a weak loonie + MORE Jan 29th
While recent moves from the Bank of Canada and the U.S. Federal Reserve primarily influence borrowing costs, they’ve also contributed to a sharp divergence in currency exchange rates. Specifically, the Canadian dollar has depreciated significantly against the U.S. dollar. When interest rates .... More »
Myths and facts of reverse mortgages + MORE Sep 30th
A reverse mortgage is exactly what the name implies: accessing the existing equity you have built in your home by granting a mortgage to a lender without the need to make monthly payments.
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 5.... More »
Tesla's troubles are piling up — but the Elon Musk cult is still full of true believers Apr 21st
Tesla is beset by production problems, it is swimming in debt, its bonds are near junk status, its stock has more people betting against it than any other major company. But there are still good reasons to believe in the world's best known electric car maker..... More »
Do you haggle?
– moneysense.ca
A recent Consumers Reports survey found only 48% of Americans have tried to bargain for a better deal on everyday goods and services in the last three years, down from 67% in 2007. We’re not sure why either. The same report found nine in 10 who haggle have saved money at least once during that period. Also interesting to note is that men are more likely than women to ask for discounts even though the results show both are equally successful. The lesson here: it doesn’t hurt to ask.
Where do Canada’s savviest investors live? B.C., according to BMO Nesbitt Burns. The firm’s Savviest Investor Index measures investor attitudes and actions. Respondents were scored based on whether they have a financial plan, awareness of their investment profile, amount of attention they pay to market trends and general knowledge about investments and how various factors can impact their portfolio. This year, Albertans finished second with 88 points in financial “savvy,” followed by the Prairies (86), Ontario (82), Quebec (76) and Atlantic Canada (74)…
Where do Canada’s savviest investors live? B.C., according to BMO Nesbitt Burns. The firm’s Savviest Investor Index measures investor attitudes and actions. Respondents were scored based on whether they have a financial plan, awareness of their investment profile, amount of attention they pay to market trends and general knowledge about investments and how various factors can impact their portfolio. This year, Albertans finished second with 88 points in financial “savvy,” followed by the Prairies (86), Ontario (82), Quebec (76) and Atlantic Canada (74)…
Stock Market Myths
– myownadvisor.ca
The following is a guest post from Ben Carlson at A Wealth of Common Sense. Ben writes about personal finance, investments, investor psychology and using your common sense to build wealth.
Investing is counterintuitive. It’s one of the reasons that investors get into trouble by paying attention to the wrong factors when making decisions. In light of this, here are three stock market myths to consider.
Myth #1: The Economy Must be Strong for Stocks to Perform Well
Most investors think that forecasting economic activity is a prerequisite for achieving good stock returns. Recently we have seen slow global economic growth with high rates of unemployment in many countries. Many see this economic data and assume that stocks should be doing terribly.
But anyone who has paid attention to global stock markets for the past five years knows that this is not the case. Economic growth has been anemic yet many stocks have performed remarkably well, doubling or more in some global markets…
Investing is counterintuitive. It’s one of the reasons that investors get into trouble by paying attention to the wrong factors when making decisions. In light of this, here are three stock market myths to consider.
Myth #1: The Economy Must be Strong for Stocks to Perform Well
Most investors think that forecasting economic activity is a prerequisite for achieving good stock returns. Recently we have seen slow global economic growth with high rates of unemployment in many countries. Many see this economic data and assume that stocks should be doing terribly.
But anyone who has paid attention to global stock markets for the past five years knows that this is not the case. Economic growth has been anemic yet many stocks have performed remarkably well, doubling or more in some global markets…
