Types of investment services available in Canada—a comparison chart
If you’re ready to take the plunge to start investing, here is a breakdown of the three most popular options: self-directed investing, using a robo-advisor and hiring a financial advisor.
Self-directedRobo-advisorFinancial advisorFinancial knowledge neededIntermediate to advancedNone required None requiredMinimum amount required~$5,000 to $25,000$0 to $5,000$1,000,000+FeesTrading: $0 to $9…
As the concept of digital currencies works itself deeper into the mainstream, the conversation has evolved to an “altcoins versus bitcoin” debate and what to consider while building a crypto portfolio.
The cryptoverse is teeming with thousands of different digital coins, and new ones continue to roll off the assembly line. For the average investor, deciding which cryptocurrencies to pick could be tricky, and the intricacies are hard to grasp. On one end of the spectrum are blue-chip coins including bitcoin, ethereum and cardano. On the other end are the lesser-known coins of questionable utility and provenance, including meme cryptos such as dogecoin.
To help you make sense of these digital assets, MoneySense spoke to crypto experts about what to look for when building your portfolio…
It seems a DIY approach is about the same as the annuity, with the caveat that I might live longer but I also might die sooner.
Do you agree with the numbers above and what would you advise on what is better?
Annuities versus GICs: The differences that could affect retirement
This is a good question, Mark. I agree with your numbers, and based on the way you’ve done your comparison, an annuity and a guaranteed investment certificate (GIC) appear very similar. However, there are some differences to consider. Once you’re aware of the differences, and how those differences align with you and your lifestyle, you’ll have a better sense of which one is right for you…