How to make sense of contradictory investment advice Jan 10th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Visa agrees to buy financial technology startup Plaid for US$5.3 billion - Global News + MORE Jan 14th

Visa agrees to buy financial technology startup Plaid for US$5.3 billion  Global NewsVisa is acquiring Plaid for $5.3 billion, 2x its final private valuation  TechCrunchVisa to Buy Plaid for $5.3 Billion in Bid to Reach Startups  Yahoo Canada FinanceVisa acquires fintec.... More »

Climate change to drive 'massive' investment shift - BBC News Jan 15th

Climate change to drive 'massive' investment shift  BBC NewsBlackRock, world's largest asset manager, changing its focus to climate change  CBC.caBlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance  The New York TimesFink, Frackers and Putting the ‘G’ i.... More »

RRSP or TFSA? Here’s the simple and definitive answer Jan 14th

Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
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This 30-year-old freelancer makes $125,000 a year and pays modest rent living with his parents. Should he invest in retirement or buy a home? + MORE Jan 27th

Jeremy says his main goal is to save for retirement, but after looking at condos online, he’s trying to decide if that will be a worthy investment..... More »
Q. Several investment sources are giving advice that seems contradictory. On the one hand, it is often preached that the key to smart investing is having a long-term view. That is, buy and hold good-quality stocks for long periods of time (10-plus years). It is argued this kind of passive approach, in the end, has better returns than an active approach.
Yet, on the other hand, I have read other articles that argue that one of the biggest mistakes individual investors make is holding onto their losers (when fear sets in) and not selling them soon enough. So, which is it?
A. I have worked with thousands of clients during my career as a Certified Financial Planner. A key observation I can share is that there is no one-fits-all approach to financial planning, and the same applies to investing. There simply is not just one right way to invest your money. The right approach will differ from person to person, and even potentially from one person’s investment account to another of their accounts, depending on time horizon, taxation and other factors…

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