Home / Investment / Applying for a credit card? Here’s what you should know before getting one + MORE Jul 8th

Applying for a credit card? Here’s what you should know before getting one + MORE Jul 8th

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How much credit card debt does the average Canadian have? Jun 21st

As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »

What expenses can you deduct for a second property in Canada? + MORE Sep 14th

If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole The types of expenses you can deduct for a second property There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »

Senior cardinal convicted of embezzlement in historic Vatican fraud trial - Al Jazeera English Dec 16th

Senior cardinal convicted of embezzlement in historic Vatican fraud trial  Al Jazeera EnglishVatican’s ‘trial of the century’ sees cardinal given five-and-a-half-year jail sentence  CNNSenior cardinal found guilty of embezzlement in Vatican corruption trial  CBC.c.... More »

AI chip firm Nvidia valued at $2tn - BBC.com Feb 23rd

AI chip firm Nvidia valued at $2tn  BBC.comStock Market Today: Dow, S&P Live Updates for February 23  BloombergWhy Nvidia $2 trillion bubble is likely to burst  AxiosWhat did Goldman Sachs say about chip maker Nvidia's stock? Take our business and investing news qui.... More »
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How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st

Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.  But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in t.... More »
The convenience of making purchases with your credit card comes with many advantages, like rewards, perks and a solid credit history. However, if used irresponsibly, this financial tool can lead to unmanageable debt and a low credit score. So, how can you be a responsible credit card owner? I will explain how credit cards work, what to look for in a credit card, and the proper way to handle one.

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My mutual funds are doing terribly, and I know they always say that it is better to stay the course and ride out this market crash and whatever. But I’ve been thinking about divorcing my big bank for awhile now. I have RRSP with mutual funds that have high management fees with RBC, slightly better ones in Tangerine, as well as robo-advisor RRSPs in WealthSimple. If my RRSPs are tanking in RBC now anyway, is this a good time or a terrible time to divorce them and move all of my money to a robo-advisor ETF or something somewhere else?

Otherwise, I am resigned to just leaving my money there. They’re taking less now anyhow, since I’ve lost like $9,000 already. I would be grateful for any advice or any resources you could recommend to make an informed decision. I’ve been enjoying your newsletters for a long time.

—Miki 

How to remain a long-term investor in a bear market  

Miki, after reading your question I am a little concerned for you.

The way you’re describing things it sounds like you’re getting poor or quick advice with very little explanation…

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