How to go about securing the best return for your investment in Canada.
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How to withdraw RESP funds Aug 26th
For years, you’ve saved up for your child’s college or university education with a registered education savings plan (RESP). Now, your kid is getting ready to start classes.
As the RESP’s subscriber (the person who opened and contributed to the account), you may have questions about h.... More »
Should you favour dividend ETFs in retirement? Jun 24th
Drawing down your Couch Potato portfolio? That doesn't mean you need to switch to a dividend strategy. [MoneySense].... More »
COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Your RRSP and TFSA are your best allies in building financial security Aug 16th
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writes.... More »
What to do if you’re a victim of bank account or credit card fraud + MORE Jan 8th
Ask MoneySense
We have been defrauded of over $20,000 by someone who was able to make unauthorized e-transfers from our bank accounts. The bank has recovered a small portion of them, and it has refused responsibility for any more. I am at level three of the complaint process, and I am wondering how .... More »
9 Key Things to Remember When Managing Your Investment Portfolio
– investitwisely.com
It is always a good idea to keep your eye on the ball when it comes to managing your portfolio as your investment priorities can easily evolve over time and markets change too, meaning you might have to move your money around to spread the risk.Here is a look at some of the main things to remember about managing your investment portfolio, including why it helps to stick to what you know, a look at risk profiles, and some pointers on fees and other issues that you need to be aware of.
Have a good understanding of what you have
As part of your commitment to good Financial management it is essential that you have a firm grip on what type of investments you have in your portfolio and what each product is designed to achieve.
A balanced portfolio that spreads your risk across a range of investments is often considered a good strategy, which means having a certain percentage of your money in bonds, gold, stocks, etc, rather than in one type of investment.
Diversification is good
A balanced portfolio involves diversification and the reason why this approach works is because it doesn’t leave you too exposed in one sector…
