What Are Mutual Funds?


Mutual funds simplify diversification in investments by doing all the work of diversifying for you. When you invest in a mutual fund, your money is pooled with other investors in a fund. The fund is then managed by investing in several different options to hopefully maximize your investment. The downside of mutual funds is that [...]

What Are Mutual Funds?2019-01-23T04:03:07+00:00

What Are Bonds?


A bond put simply is a loan that you are providing to a specific borrower (usually the government). If a corporation or government needs to raise funds they will issue bonds. You would pay a certain amount of money that the government or corporation agrees to pay back with interest on a specific date. These [...]

What Are Bonds?2019-01-23T04:02:40+00:00

How Do I Invest In Stocks?


Investing in stocks is considered to be a high risk investment generally because there is little to no guarantee you will receive your investment back. Investing in stocks is an investment in shares of a corporation, if the corporation does well the stock price will increase and therefor so will your investment. Since there are [...]

How Do I Invest In Stocks?2019-01-23T04:02:18+00:00

What Is A GIC?


A Guaranteed Investment Certificate is straight forward when compared to other investments. You would obtain a GIC from a bank or similar establishment for a specific amount of money, and that investment is guaranteed to earn a certain amount of interest over time. There are a few different options in GIC’s with specialized ways of [...]

What Is A GIC?2019-01-23T04:01:56+00:00

What Is A RRSP?


A Registered Retirement Saving’s Plan is an investment that allows you to save money, gain a little interest, and lower your taxable income for the year. The interest gained from an RRSP is generally very small, so if you are expecting a big return you may want to think of other options. One of the [...]

What Is A RRSP?2019-01-23T04:01:32+00:00

What Is A Tax Free Savings Account?


A TFSA is an account that you can obtain with almost any bank that allows you to store your savings tax free. Although adding money to this account is not tax deductible, it is usually tax exempt on withdrawal. A TFSA is a great place to store your savings until you can gain enough to [...]

What Is A Tax Free Savings Account?2019-01-23T04:01:10+00:00

What is the best way to invest and save?


There are several ways to save at your disposal and although you can choose to take only one path, it is usually in your best interest to diversify (use several options) to maximise your savings. The most common forms of saving are: Tax Free Savings Accounts (TFSA’s) Registered Retirement Savings Plans (RRSP’s) Guaranteed Investment Certificates [...]

What is the best way to invest and save?2019-01-23T04:00:48+00:00

What is the best way to save money?


When it comes to saving your money there are many options available to you. You can choose to simply hold onto the money you have, invest in low risk opportunities, invest in high risk opportunities, or simply shove your money under the mattress and hope for the best (we highly recommend not taking this option). [...]

What is the best way to save money?2019-01-23T03:59:57+00:00
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