All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Single mom Adelaide has $22,000 in line-of-credit debt — here’s how she learned to dig her way out + MORE May 28th
If she cannot chip away at her line of credit, says financial expert Jason Heath, it is going to hold Adelaide back from financial freedom in the future..... More »
Making sense of the markets this week: December 21 + MORE Dec 18th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Bitcoin defies gravity
It’s as though bitcoin has left the atmosphere, moving to new all-time highs this week. Here’s a tweet from Paul R. La Monica of CNN…
Source: .... More »
The smart way to pay for “experiences” and other money tips Oct 1st
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Ass.... More »
New year, new spending habits + MORE Nov 30th
Money-wise, it’s been a challenging year for Canadians but the new year is also a chance to build better strategies around how you spend money. Steer clear of these three common pitfalls for financial success in 2023.
Money mistake #1: Not paying off debt quickly
If you’re in the red, you.... More »
What are call options? Why should retirees care about them? + MORE Feb 10th
Amid the tumult of sharply rising interest rates, stubbornly high inflation and geopolitical risks, stocks have continued to slide. The market rout that began in early 2022 has hit retirees and those saving for retirement particularly hard.
Even bonds, usually thought of as a safe haven for .... More »
Financial aid is rarely an after-thought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are already dealing with pressures from the cost of living on their own for the first time. Add on the economy-pausing pandemic, and it’s easy to understand why students are looking for financial help for school. A 2020 poll by conducted by CIBC showed that about 7 out of 10 students admitted their income has been affected by the COVID-19 situation.
School is expensive—even without a pandemic. A 2018 Canadian University Survey Consortium survey of graduating students shows that, of the 50% of students finishing school with debt, the average amount owed is about $28,000. And for many that debt can be crippling. According to an eight-year study by independent personal insolvency firm Hoyes, Michalos & Associates Inc…
School is expensive—even without a pandemic. A 2018 Canadian University Survey Consortium survey of graduating students shows that, of the 50% of students finishing school with debt, the average amount owed is about $28,000. And for many that debt can be crippling. According to an eight-year study by independent personal insolvency firm Hoyes, Michalos & Associates Inc…
Investing in “unprecedented times”
– moneysense.ca
This year’s unprecedented combination of pandemic panic and election uncertainty may have you side-eyeing the stock market. But even now, for Canadians who are in a financial position to do so, investing is still one of the best ways to grow your wealth. And while you can’t eliminate risk, you can work to help mitigate it by taking the time to educate yourself on the ins and outs of investing, understand your own risk tolerance, your investing goals and which investing options will help you get there.
What does an investment goal look like?
Investing is the act of acquiring an asset with the goal of generating wealth. Ideally, you gain a return that’s larger than what you originally used to invest.
One thing to consider is getting more granular with your investing goals than “making money.”
“It could be simple, like, ‘I want to have saved enough to replace my car in 10 years,’ or more complex, like, ‘I want to save enough so that I can retire at age 65 with $2,500 per month, after taxes, from my investments, for as long as I’m alive,’” says independent Certified Financial Planner Alexandra Macqueen…
What does an investment goal look like?
Investing is the act of acquiring an asset with the goal of generating wealth. Ideally, you gain a return that’s larger than what you originally used to invest.
One thing to consider is getting more granular with your investing goals than “making money.”
“It could be simple, like, ‘I want to have saved enough to replace my car in 10 years,’ or more complex, like, ‘I want to save enough so that I can retire at age 65 with $2,500 per month, after taxes, from my investments, for as long as I’m alive,’” says independent Certified Financial Planner Alexandra Macqueen…
