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Financial literacy for seniors Nov 17th
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
My.... More »
IMF delegation arrives in Egypt for bailout talks Jul 30th
CAIRO – A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.
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Canada space investment key to future growth, experts say - Barrie 360 Apr 12th
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90 days – 1.80%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online.
The Nasdaq and S&P 500 stock market indexes continued their surge into record territory on Friday on the heels of earnings reports from big technology companies like Microsoft, Google and Amazon.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Is your adviser vague about fees?
– moneysense.ca
(Getty Images; Vector illustration)Q: I met with my adviser and asked about the fee she charges to oversee my mutual fund account holdings. I was told she’s paid by the MER and that was it. I believe I should be asking more questions but would like to do so without sounding like I’m on the defence.
A: Don’t worry about sounding defensive. You wouldn’t have the same concern with your barber, but we can get weird with advisers. You’re the client after all—you get to ask whatever you want. Besides, great advisers aren’t fussed by these questions, especially in this era of fee transparency. Here are 4 key financial adviser questions to ask: 1) What do fees add up to in dollar terms each year? For example, if you have a $200,000 portfolio and the MER is 2.5%, you’re paying about $5,000. Are you getting value for that price? 2) How are your funds performing versus their benchmark index? Fees are an issue because they eat into your performance. 3) Is there any way to bring your fees down—if you’re in a commission structure, perhaps a move to fee-based would be cheaper…
3.5 year – 2.10%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
