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.
Latest News
Vladimir Putin tries to defuse 'tragic' downing of Russian plane - Toronto Star Sep 18th
Toronto StarVladimir Putin tries to defuse 'tragic' downing of Russian planeToronto StarMOSCOW—A Russian reconnaissance aircraft was shot down by Syrian forces responding to an Israeli airstrike, killing all 15 people aboard, in what President Vladimir Putin said Tuesday was “a chain o.... More »
Toronto stock index climbs on banks, industrials + MORE May 23rd
Canada's main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week..... More »
Making sense of the markets this week: May 7, 2023 May 5th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
A big thanks to Diamond Hands Dale Roberts for so ably stepping in to cover the big market news over the last couple of weeks!
Powe.... More »
Don’t spend, invest—and other secrets from millionaires + MORE Mar 30th
SPEEDREADER
Book: Secrets Self-Made Millionaires Teach Their Kids
Author: Steve Siebold
Publisher: London House
Price: $17.97 (Paperback) $7.80 (Kindle)
Link: https://www.amazon.com/Secrets-Self-Made-Millionaires-Teach-Their-ebook/dp/B078RP8J17
WHO IT’S FOR: Parents interested in sharing some key.... More »
Dr. Bonnie Henry brings wealth of global experience to B.C.'s COVID-19 response - CBC.ca + MORE Apr 15th
Dr. Bonnie Henry brings wealth of global experience to B.C.'s COVID-19 response CBC.caThree more COVID-19 deaths, as B.C. marks 4th anniversary of overdose health emergency Global NewsCOVID-19 outbreak at B.C. prison worries officials as province's case count rises to 1,517&nbs.... More »
Should I get rid of my old car?
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.I bought my 2000 Mazda Protégé days after I moved to Ottawa from Toronto. My Mazda was brand new and cost about $16,000 right off the lot. I recall I used my credit card to make a $500 down payment the day I bought it. (Don’t gasp financial people, I did pay off my credit card that month.)
My Mazda has been paid for since 2005, 11 years ago. Most people don’t own a car as long as I haven’t had car payments for this vehicle. This car doesn’t owe me a nickel. It’s been a worthy ride for many years and it could likely stay on the road even a few years longer.
Which brings me to this…should I get rid of my 16-year-old car?
Let’s start with what’s driving my decision (pun intended), to potentially get rid of this car:
I want a new car – I drive by no less than five car dealerships on the way to and from home many days and over time, I feel like I’m getting drawn towards the shiny, newer, metal objects on those lots…


