The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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What ETFs should a millennial couch potato invest in? May 30th
Ask MoneySense
I’m 30 years old and have 30 years to go until retirement. I already have a good pension with my employer so I’d like to try a 100% equity portfolio. Is there a Couch Potato portfolio that would suit my needs? Any ideas on which ETFs to hold?
–Jonathan
Couch potato ETFs
.... More »
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What makes a great Exchange Traded Fund?
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.What makes a great Exchange Traded Fund?
Lots of things from my perspective, things I’ll share with you today…
What is an ETF?
An ETF (Exchange Traded Fund) is a diverse collection of assets (like a mutual fund) that trades on an exchange (like a stock does). This makes an ETF a marketable security and for this reason, this trading capability, ETFs can experience price changes throughout the day as they are bought and sold. ETFs typically have lower fees than mutual funds (although not always), which can make them an attractive alternative to mutual funds. We’ll get to that in a bit. Based on my personal experience, ETFs are easy-to-use, easy to buy, and can offer low cost, tax efficient ways to invest your money. This is particularly true if you own an ETF that tracks a broad market index, or an indexed fund.
You can learn more about ETFs here.
Here’s my take on indexing to my younger self.
What makes a great ETF?
A number of things come to mind for me, in no particular order of importance…
Millennial love for Snapchat extends to Snap’s stock
– theglobeandmail.com
For some young investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc
