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Latest News
Innovative Devices are Transforming a Regular Day’s Work in the Financial Services Industry Dec 23rd
When COVID-19 hit, the pace of digital adoption within the financial services industry was accelerated practically overnight. Employees needed a way to stay connected and productive away from the office and turned to the latest digital tools and technologies to make this a reality. Now, there’s no.... More »
2016 Financial Goals – December update Dec 26th
Save, invest, prosper with My Own Advisor.
Welcome to my final financial goals update for 2016…
Earlier this year we made a bunch of assumptions and then we worked through those assumptions. How did we do in 2016? Did we fail? Let’s recap our goals and find out.
Maximize our Tax Free .... More »
Fraying Lululemon margins disappoint, hurting share price + MORE Sep 10th
Canadian yogawear retailer Lululemon Athletica Inc reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales, and the company raised its full-year revenue and earnings forecast..... More »
I’m saving for a long-term goal — should I use an RRSP or a TFSA? Oct 25th
We asked personal finance expert Chuck Grace whether contributing to an RRSP or a TFSA is a wiser option for long-haul savings..... More »
The best GIC rates in Canada for 2024 Nov 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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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.
