What to do when banks give questionable financial advice to seniors + MORE Feb 12th

How to go about securing the best return for your investment in Canada.
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 blue-chip

5 Revolutionary FinTech Companies You Need to Watch This Year Feb 20th

The financial technology field is booming, and 2019 will surely be a crucial year. Big developments range from the inception of GDPR to the Brexit brouhaha, from open banking data implementation to the evolution of the blockchain. The changes aren’t stopping as numerous startups are redefining cus.... More »

Investors say 'fake' experts on local radio shows conned them out of millions Feb 17th

Dozens of Ontario investors say they were conned out of millions of dollars after fraudsters using fake names were featured as investment "experts" on their favourite radio stations — on shows listeners say sounded like news but were actually infomercials..... More »

Pot firms Canopy, Aurora are making money – at a steep price - Article - BNNBloomberg.ca + MORE Feb 15th

Pot firms Canopy, Aurora are making money – at a steep price - Article  BNNBloomberg.caCanopy Growth beats earnings estimates on soaring revenue in first quarter since legalization  The Globe and MailCanopy Growth’s revenue, losses both soar  Globalnews.caCanopy gai.... More »

One of Canada's biggest translation firms faces financial ruin amid a global trail of debts Feb 13th

Able Translations was once one of the biggest companies of its kind in Canada, but a CBC investigation has unearthed the vast extent of the firm's financial delinquency — and its machinations for dealing with it..... More »
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What to look for when choosing a financial advisor + MORE Feb 14th

Q. Our portfolio is approximately $1 million and is split almost equally between two advisors: one at a major bank and the other at a private firm. I have been considering consolidating our investments with one advisor. My question is, do we go with the bank or the private service? What’s the be.... More »
The court-appointed monitor overseeing the search for the $260 million owed to clients of the QuadrigaCX cryptocurrency exchange says it recently found more than $900,000 in digital assets — only to see more than half of it escape its grasp.

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Q: Do you have any advice for an 80-year old? I have $180k invested in GIC and mutual funds. I am having problems with the bank to produce a financial statement of actual costs. They will give trailing fees but say actual MER costs are unavailable.
So, I am looking to change my investments.
At my age, probably too late, but would like to try something a little different.
Suggestions would be appreciated.
– Mel
A: I’m sorry to hear you’re getting the runaround, Mel. Canadians place a lot of trust in their financial advisors, and unfortunately in some cases those advisors give inaccurate advice. Furthermore, when you’re dealing with frontline employees at the bank, there can be outright knowledge deficiencies which may be unintentional but can also be frustrating.
Ask a Planner: Leave your question for Jason Heath »
I think investing should always start with your risk tolerance. Some 80-year old’s have a higher tolerance for risk than someone half their age, so age should not necessarily be the primary determinant of risk tolerance…

Continue Reading On moneysense.ca »

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