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TD is offering a differentiated ETF for income and growth Jun 19th
We all need income to fulfil our everyday needs. Canadians approaching retirement, or already retired, may require income beyond what their government and various pension plans provide. For many, that means drawing a regular income stream from their investments.
Income-bearing investments tend to be.... More »
How to use FHSA and RRSP withdrawals for a home down payment in Canada + MORE Feb 11th
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,.... More »
How much you need to earn to afford a home in Vancouver and the GVA + MORE Jan 28th
The Canadian real estate market has been red-hot since the pandemic started in March 2020. Home prices have risen across the board, but they are especially high in Vancouver, Canada’s most expensive housing market.
If you’re looking to purchase a home in the Greater Vancouver Area (GVA), you .... More »
The best high-interest savings accounts in Canada for 2024 + MORE Dec 2nd
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »
Should investors worry about suspended guidance? + MORE Apr 26th
If you’ve been paying attention to the companies in your portfolio over the last few weeks, you’ll have noticed that many of them have said something about “suspending guidance.” Rogers Communications is one of the more recent businesses to do just that, announcing on its April 22 first quar.... More »
How to make sense of contradictory investment advice
– moneysense.ca
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?
–Nat
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…
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?
–Nat
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…
