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Converting mutual funds: The benefits, the risks and the costs Jan 25th
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
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Should I draw down my RRIF to avoid estate taxes? + MORE Apr 22nd
Ask MoneySense
Is it a good idea to withdraw more money monthly than one needs from one’s RRIF? What about beginning a regularly automated transfer of this extra money to one’s non-registered investments so that there is less money in the RRIF account upon death? As a result, the estate will be .... More »
Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24 - Bloomberg Television Oct 16th
Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24 Bloomberg TelevisionWhy Is Nvidia Stock Down 5%? Blame A Dutch Firm’s ‘Technical Error’ ForbesPremarket: Global stocks slide in reality check from big cap earnings The Glob.... More »
The best GIC rates in Canada for 2024 + MORE Aug 19th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Two ways to lower risk in your investment portfolio with ETFs Nov 8th
With U.S. equity indices like the S&P 500 hitting all-time highs repeatedly this year, the investment atmosphere is charged, especially post the recent U.S. presidential election. The victory by Donald Trump has injected volatility into the markets, given the uncertainty of what his administrati.... More »
Making sense of the markets this week: May 10, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estimates for the Canadian online investment company were in the $1-billion range.
The actual valuation turned out to be closer to $1.5 billion.
Fast forward to this week: Wealthsimple announced another round of financing that raises the price tag to $5-billion. And celebs are in on the act as well, with musician Drake, actors Ryan Reynolds and Michael J. Fox, and a few high-profile professional athletes stepping forward with cash to invest in the fintech giant.
Wealthsimple originally launched as one of Canada’s robo-advisors, and has moved on to add more financial services, including a discount brokerage. Many say that they “own” the millennial market in Canada. That offers incredible long term potential, and the appeal for investors…
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estimates for the Canadian online investment company were in the $1-billion range.
The actual valuation turned out to be closer to $1.5 billion.
Fast forward to this week: Wealthsimple announced another round of financing that raises the price tag to $5-billion. And celebs are in on the act as well, with musician Drake, actors Ryan Reynolds and Michael J. Fox, and a few high-profile professional athletes stepping forward with cash to invest in the fintech giant.
Wealthsimple originally launched as one of Canada’s robo-advisors, and has moved on to add more financial services, including a discount brokerage. Many say that they “own” the millennial market in Canada. That offers incredible long term potential, and the appeal for investors…
