Money Matters: What advice would you give someone who wants to start building wealth? + MORE Oct 12th

TSX getting you down? There are always sound investment alternatives.
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Is it time to search for bond alternatives for your balanced portfolio? Oct 18th

I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio? At first I considered real.... More »

How to buy cardano in Canada Oct 14th

The 2021 cryptocurrency market crash (from which, as of October, it has yet to fully recover), has prompted many crypto investors to focus on smaller, less expensive digital coins as alternatives to high-priced bitcoin and ethereum. While the trend has created a wider demand for so-called “altc.... More »

The Rise of Accessible Investing in a Fintech Generation + MORE Oct 15th

Created for For generations, the benefits of investing have been reserved only for those who possess the luxuries of time, mobility and money. Knowledge of the stock market, the value of shares and the mere concept of making your money work for you are only now truly becoming public knowledge..... More »
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Two Ways to Invest in Commercial Real Estate Oct 14th

Are you curious about investing in commercial real estate? This article will explain two ways you can get started. Brick and Mortar Investing This method is the traditional way to invest in commercial property – to purchase a property that will generate income for you, whether you conduct busi.... More »
In our 12-part video series, Money Matters, we interviewed the top voices in Canadian personal finance about money issues that affect all Canadians. For our seventh video of the series, we asked: What advice would you give someone who wants to start building wealth? Listen to what some of our partners have to say.

Watch: Money Matters Question 07—What advice would you give someone who wants to start building wealth?

Follow us on YouTube to catch all 12 videos in this series. We’d love to hear your feedback in the comments.
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If you’ve ever put together an investment plan, you’re familiar with asset allocation. That’s the mix of stocks, bonds, real estate and other investments driving the expected risk and return of your portfolio. But you may have given less thought to asset location, or how those assets are distributed among your registered and non-registered investment accounts. As any home buyer will tell you, though, location means a lot.
Here’s why. Investment returns—bond interest, Canadian and foreign stock dividends, capital gains—are taxed in different ways, says personal financial planner Chris Markou of Alithea Financial Wellness in Hamilton. And each of your accounts—such as RRSPs, TFSAs and taxable accounts—is governed by different tax rules. Savvy investors know if they hold assets in the wrong account type they’ll pay much more tax than necessary.
How much more? That depends on your portfolio size and tax rates, but smart asset location decisions can easily save you tens of thousands of dollars over an investing lifetime—and that number could easily top $100,000 for wealthier investors…

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