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What does Nvidia’s stock split mean for Canadian investors?
– moneysense.ca
“Should I be buying that artificial intelligence (AI) company, the one that’s done the stock split?” It’s a question I received from a number of Canadian investors in the week leading up to Nvidia’s 10-for-1 stock split on June 10. Many didn’t even know the name of the company or what it does. They just heard the share price was going to drop from about $1,200 to about $120. (All figures are in U.S. dollars.) That must be a great deal, right?
In fact, it’s not a deal. At all. Stock splits sound great. After all, shareholders will get nine additional shares for every one they already own. However, when you evaluate your holdings in your portfolio, those extra shares don’t change anything. Whether you have 10 shares at $120 each or one share at $1,200, the value remains the same.
Psychologically, people like to own more shares of a quality company—that’s the attraction. A lower price misleads people to assume they are getting better value when in fact they’re not…
The best GIC rates in Canada for 2024
– moneysense.ca
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
By Keph Senett and Justin Dallaire on June 13, 2024Estimated reading time: 22 minutes
Here you’ll find the answers to common GIC questions, along with information on the best GIC rates available right now. If GICs are new to you, and you want to learn everything there is to know, start by reading our guide below…
