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Chequing vs. Savings Account: What’s the Difference? Oct 2nd
When it comes to managing your finances, using the correct type of bank account is very important. But while the differences between a chequing account and a savings account may seem obvious to some, you would be shocked at the number of people who use their savings accounts for daily transactions o.... More »
Making sense of the markets this week: March 5, 2023 Mar 3rd
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Canadian banks take rising costs and recovery dividend in stride
There is no shortage of headwinds for Canadian banks at the moment.... More »
Is your chequing account working hard enough? Jan 13th
Your chequing account could be the behind-the-scenes hero of your everyday banking activities, if you have the right one. The features can vary from bank to bank and financial institution to financial institution, so it makes sense to shop around if you’re opening a new chequing account or you wan.... More »
Investing in Gold: How to Buy Gold in Canada Oct 14th
Have you considered buying gold as a hedge against inflation? Do you want to diversify your investment portfolio by adding gold exposure? Whatever your reasons, it’s never been easier for Canadians to buy gold. In this article, I’ll share three ways to invest in gold and let you know if gold is .... More »
The best high-interest savings accounts in Canada for 2023 + MORE Jun 15th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
What is cryptocurrency? And how do you invest in it?
– moneysense.ca
You can’t read a news site, watch a YouTube video or scroll any social media platform without coming across a reference to bitcoin, ethereum or other cryptocurrencies. Maybe your own friends and family members are nattering non-stop about their crypto investments.
Time will tell if crypto is the way of the future, but as more investors, companies and countries start taking it seriously, now is a good time to learn about this new asset class—and the investing opportunities it represents.
Here’s your essential guide to cryptocurrency, and what to look for if you’re thinking about investing.
What is cryptocurrency?
Cryptocurrency is a form of currency that exists digitally, or virtually. Individual units of cryptocurrency are referred to as coins or tokens.
The world’s first cryptocurrency, bitcoin, was created to facilitate peer-to-peer digital payments—meaning money transfers without the involvement of a central authority or other intermediaries, such as banks or credit unions…