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The best high-interest savings accounts in Canada for 2023 Jul 24th
Canada’s best dividend stocks for 2023
– moneysense.ca
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
The year 2023 couldn’t have arrived fast enough for Canadian investors, as 2022 was downright nasty for investing. There was nowhere to hide. No safe havens. We know stocks have ups and downs, but bonds are supposed to be reliable and offer stability, especially during rough times. But last year, they behaved almost stock-like, posting once-in-a-generation double-digit losses in 2022. Many Canadian investors expected cryptocurrencies to have their moment in the spotlight. Unfortunately, they were still not ready for prime time. We’ve witnessed how the response to a global pandemic can affect inflation and interest rates, and what it can do to asset prices. What does that mean for Canadian investors looking for stocks that pay?
The best dividend stocks for 2023: Can we look to last year’s best-paying stocks?
After coming through what felt like the Red Wedding of 2022, to liken it to a Game of Thrones plot, this year many investors would be inclined to patiently cash out of the markets, but inflation is eroding purchasing power for Canadians, and putting their savings in a basic savings account will put them even further behind…
You’ve heard this before; the traditional investment advice to “take the emotions out of investing.” But emotions are a natural factor for all our decisions, including the financial ones. And how we feel is an integral part of human physiology. We can’t just “take them out” of our decision process.
If you’ve struggled to remove emotions from your decision making, it’s OK. I have good news: That makes you human—and that’s a very good thing for your money.
Check out Julie’s story.
How a mom checked in on her emotional investing
Julie, a 37-year-old working mother, was feeling immense stress as she tried to save for her children’s future education. Despite her husband’s objections, she cut back on household expenses and reduced how much she was contributing to her retirement savings to put more toward her children’s education funds…
How do RESPs work, and what’s the best way to fund them?
– moneysense.ca
What most parents want above all else is for their children to be happy, healthy and successful, and investing in a good education can help them get far in life. But post-secondary education doesn’t come cheap—in 2022–23, the average tuition for one year in an undergraduate program in Canada was $6,834. Over four years, that adds up to over $27,000—not including other costs like residence and textbooks.
An RESP is a tool for parents, grandparents and others to save for a child’s college or university expenses. In this article, we’ll explore questions like: What is an RESP? How does an RESP work? And, most importantly, how can families make the most of an RESP? We’ll also look at three strategies to reach your savings goal…