How to go about securing the best return for your investment in Canada.
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Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US - CBC Sports May 7th
Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US CBC SportsChelsea being sold to Dodgers owners for sports record $3BN Yahoo Canada FinanceChelsea: American billionaire Todd Boehly completes takeover as Roman Abramovich finally sells club D.... More »
The best GIC rates in Canada for 2024 Sep 30th
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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The best TFSAs in Canada for 2021 + MORE Jan 27th
A tax-free savings account, known better as a TFSA, is a savings vehicle available to Canadians aged 18 and up who have a valid social insurance number (SIN). It was launched by the federal government in 2009 as a way to encourage Canadians to save and invest.
As the name suggests, TFSAs offer a tax.... More »
Why targeted reforms will raise investment advisers’ standards Jun 5th
The best-interest standard proposed by Ontario and New Brunswick sounds good, but what does it really mean?
.... More »
To save money, Canadians are buying more private-label grocery brands + MORE Oct 3rd
Over the past few years, consumers have been buying more private-label products at the grocery store to save money—and the trend may be here to stay.
Amid renewed investment by grocers in their store-branded offerings, studies show many shoppers no longer see store brands as lower quality than .... More »
Investors look for financial restraint as good times roll for gold miners
– theglobeandmail.com
In the past, strong gold markets have led to a round of mergers, acquisitions and mine-building, followed by a painful reckoning
Cenovus open to selling some natural gas assets it acquired from ConocoPhillips
– theglobeandmail.com
Canada’s Cenovus Energy Inc. has said it may sell parts of the natural gas assets it recently bought from Houston-based ConocoPhillips
Why BMO’s Brian Belski is buying certain sectors with his ears plugged
– theglobeandmail.com
Bank of Montreal’s chief investment strategist’s favourite sectors are financials, materials, and industrials
In Toronto real estate, short-term strain could help prevent long-term pain
– theglobeandmail.com
The key question is how far housing prices will come down when the boom comes to an end
This boring money advice never goes out of style
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.Money advice
I’ve read countless personal finance and investing books and articles. I’m sure I’ll read many more. Most books and articles all say similar things just differently – maybe you don’t need any more money advice at all!
Here is a collection of some ultra-boring yet time-tested money advice that never seems to go out of style. For kicks, I’ll include our efforts that take this advice to heart.
Debt
Holding long-term mortgage debt, in general, is not considered “good debt”. Unless…you are assured your investment (primary residence, rental property, other) will increase substantially in value over time. Lucky you Toronto and Vancouver. Not everyone owns a million dollar home that appreciates 15-20% more every single year. #unsustainable.
We don’t have this confidence in our home. So, we’re trying to kill our mortgage debt. The other benefit of not having any mortgage debt is I don’t have to think (or write) about mortgage debt anymore…
