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Financial planning in your 70s Oct 7th
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
Helping your kids buy their first home: Smart strategies for today’s market + MORE Mar 5th
With housing prices close to record highs, many young adults worry that homeownership is no longer a realistic goal. But with smart planning, education, and creative strategies, buying that first home is still possible. As parents (or grandparents), we can empower our kids by teaching them strong fi.... More »
Here’s how you can clean up your financial house by decluttering your life Sep 27th
If you’re looking for renewed energy for the later portion of the year, writes personal finance columnist Lesley-Anne Scorgie, get rid of distractions in your life so you can keep your eye on the financial ball.... More »
Helping your kids buy a home? Why a cash gift may be safer than co-signing Sep 6th
It’s not uncommon for parents to want to help their adult children enter the housing market. For some, that help comes in the form of co-signing for their child’s mortgage, but experts warn that means taking on financial risks they might not understand and could impact their own debt and.... More »
Making sense of the markets this week: October 4, 2021 Oct 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Will the energy crunch turn into an energy crisis?
The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »
It wasn’t long ago that, with a week’s worth of groceries teetering in reusable bags and possibly a squirmy toddler strapped into the cart, we had to key in a PIN (personal identification number) when paying by credit or debit card. Sometimes you could tap to pay, also known as contactless payment, but limits were typically low, around $50—enough to grab milk and ingredients for dinner, but definitely not enough to cover the bill for a proper pantry restock.
Electronic payments have been set up that way to limit fraud. Tap limits are set by the card issuer and hinge on their risk tolerance, as the issuer takes the hit for unauthorized transactions on your debit or credit card. A low tap limit puts less financial burden on a card issuer if a user’s card is compromised.
That’s changed since the onset of the COVID-19 pandemic. Sensibly, to help Canadians avoid touching surfaces like payment terminal keypads, in April 2020 tap limits were increased to $250 from $100 for credit card transactions…
Electronic payments have been set up that way to limit fraud. Tap limits are set by the card issuer and hinge on their risk tolerance, as the issuer takes the hit for unauthorized transactions on your debit or credit card. A low tap limit puts less financial burden on a card issuer if a user’s card is compromised.
That’s changed since the onset of the COVID-19 pandemic. Sensibly, to help Canadians avoid touching surfaces like payment terminal keypads, in April 2020 tap limits were increased to $250 from $100 for credit card transactions…
The best TD credit cards in Canada 2020
– moneysense.ca
Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit cards in Canada into five categories so whether you’re looking for cash back, flexible travel points, a co-branded travel card, no-fee cash back, or low interest, you’ve got the inside information to make your choice. The best TD cash back credit cards 2020
Card
Rewards
Annual fee
TD CashBack Visa Infinite
(get more details)*
3% cash back on groceries, gas & recurring bills
1% on everything else
$120
TD First Class Travel Visa Infinite
(get more details)*
9 points/$1 on travel (via ExpediaForTD)
3 points/$1 on everything else
$120
TD Aeroplan Visa Infinite
(get more details)*
1.5 miles/$1 on groceries, gas, and drugstores
1.5 miles/$1 on aircanada.ca purchases
1 miles/$1 on everything else
$120
TD CashBack Visa
(get more details)*
1% cash back on groceries, gas & recurring bills
0…
Where to Invest in 2020 | Best Investment Plans and Accounts
– investitwisely.com
Knowing where to invest for short-term and long-term growth is a key, each year new factors affect where and when you should invest to maximize your investment.2020 has been a difficult year, to say the least, leaving many seasoned and newbie investors pondering on exactly where to park their money in 2020. In this article, we will outline where to invest and the best investments to add to your portfolio this year.
Stocks
If you are already invested in stocks, you are ahead of the game. Of course, you may want to modify your portfolio given recent events and market trends.
But, for those who are new to investing, this is a great time to give it a try. Looking back, 2019 was a massive year for the stock market. Data indicated that the market was up by an astronomical 29% for 2019.
Take the time to analyze the market, be aware that certain market sectors will slow down and so it’s necessary to look at other market sectors. For example, the healthcare sector is a viable sector to consider because historically, healthcare seems to remain robust when other markets destabilize…
Making sense of the markets this week: August 24
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Buffett finds profits (but perhaps not religion) in gold
Warren Buffett bought gold, shocking his followers and most investors.
The move is significant, as Mr. Buffett, recognized as the world’s greatest investor, he has long opined that gold is a terrible investment. …
“[Gold investments are] assets that will never produce anything. Because gold doesn’t multiply and there’s very little you can make with it.” –Warren Buffett, in a 2012 shareholder letter
Yet, it’s been confirmed that Warren Buffett’s Berkshire Hathaway purchased US$564 million worth of shares in Barrick Gold, a Canadian gold miner. Following the purchase, Barrick’s stock price rose 12% on Monday, August 17, and iShares Global Gold Index ETF was up over 6%.
Barrick Gold CEO Mark Bristow called the inaugural investment from Berkshire Hathaway a “significant step” for his gold mining company, and for the industry…
Buffett finds profits (but perhaps not religion) in gold
Warren Buffett bought gold, shocking his followers and most investors.
The move is significant, as Mr. Buffett, recognized as the world’s greatest investor, he has long opined that gold is a terrible investment. …
“[Gold investments are] assets that will never produce anything. Because gold doesn’t multiply and there’s very little you can make with it.” –Warren Buffett, in a 2012 shareholder letter
Yet, it’s been confirmed that Warren Buffett’s Berkshire Hathaway purchased US$564 million worth of shares in Barrick Gold, a Canadian gold miner. Following the purchase, Barrick’s stock price rose 12% on Monday, August 17, and iShares Global Gold Index ETF was up over 6%.
Barrick Gold CEO Mark Bristow called the inaugural investment from Berkshire Hathaway a “significant step” for his gold mining company, and for the industry…
