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
Risk and Complexity of Securities and Funds - a Promising Proposal + MORE Jan 2nd
How does one know how risky an investment is, whether it's a stock or bond, a mutual fund or an ETF? How complicated and hard is it to understand or predict what the investment's return might depend on? For the retail investor, the basic answer is that you're on your own, having to wade through the .... More »
At midday: Valeant’s plunge leads TSX lower + MORE Oct 21st
U.S. stocks fluctuate amid mixed earnings results, deal activity
.... More »
How to make better financial decisions—without regret—in a crisis Jan 27th
How do you make no-regret decisions when you are in crisis? You follow the guidelines in what I call the Decision Crisis Playbook.
The Decision Crisis Playbook
In this book, a decision crisis means you have to make big decisions at a really difficult time but your basic needs .... More »
Canadian Natural Resources blames NDP for financial loss + MORE Aug 6th
A prominent Alberta oil and gas company is blaming the provincial NDP government for a loss this quarter, saying its tax hike is the reason why it was not able to post a profit..... More »
If Greece gets easier rescue terms, other bailout states could face popular demands for same + MORE Jul 9th
LISBON, Portugal – Eurozone governments taking a tough line on Greece’s demand for debt relief and easier bailout terms fear opening a can of worms.
Ceding too much ground to Athens could ignite a broader political crisis by infuriating people in other bailed-out countries in the currenc.... More »
The savings struggle: TFSA vs RRSP
– moneysense.ca
It’s that time of year when Canadians turn their thoughts to tax-advantaged savings. The RRSP deadline looms, and the new year brought an additional $5,500 of contribution room for Tax-Free Savings Accounts. You’d probably love to maximize contributions to both RRSPs and TFSAs, but most people can’t afford to do that—especially if they’re carrying a mortgage and trying to sock a little away for their children’s education. So what’s the best way to save for retirement if you have limited funds?With so many options fighting for your retirement dollar, the choice is not easy. Fortunately, we can help. In what follows, we’ll show you how to find the best strategy for your situation. As it turns out, the RRSP is ideal if you’re in a high tax bracket now and expect to end up with a solid middle-class retirement. But TFSAs are more flexible and work better if you retire with either a very high or very low income. Let’s delve into the details.
(Illustration by Sabrina Smelko)
The main event
In the tug-of-war between RRSPs and TFSAs, the former is the reigning champion, since it’s where Canadians have most of their personal nest eggs…
Sleepy Mini Portfolio Q4-2013 Update
– canadiancapitalist.com
The Sleepy Mini Portfolio was launched in September 2007 to demonstrate how a super simple, regular investment program can slowly but surely build wealth over a period of time. All you need to implement such an investment program are (1) some initial effort in mapping out an asset allocation strategy (2) a calculator to divvy up your regular contributions and (3) discipline to stick to the strategy through all kinds of market conditions. I have personally implemented this portfolio for our kids’ RESPs (as have others) and if you want a more sophisticated portfolio you may to check out the Sleepy ETF Portfolio.The portfolio kicked off with an initial infusion of $1,000 with a target allocation of 20% bonds, 20% Canadian stocks, 30% US stocks and 30% International stocks. Another $1,000 was added to the portfolio every quarter since then for a total investment of $25,000 so far. Here’s how the portfolio looks as of January 28, 2014:
TDB909 – Canadian Bonds – $6,548 (18.8%)
TDB900 – Canadian Equities – $6,790 (19…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Barclays to shut hundreds of branches: report
– theglobeandmail.com
Plans to shut 400 U.K. branches, or a quarter of its network, as part of the bank’s plan to cut costs, the Financial Times said on Wednesday
