Last month, the U.S. stock market extended a two-month rally into August and hit an all-time high. Optimism surrounding corporate earnings has converted more investors back into the "risk-on" camp, guiding assets into emerging markets and back into a post-Brexit Europe.
No matter what age you are, it's always a good idea to start investing. You will always benefit from putting money away, whether it's intended for a purchase that's a couple years away, or for your retirement forty years down the road. While it may be ideal to start saving for retirement early, there is no reason you can't start later in life and still maintain a good nest egg. On a similar note, putting money aside on a new-grad salary will benefit you in the long-term, no matter how much you have to start investing.
There are a lot of firsts that come with being a millennial. These firsts may include securing the first job in your career, or taking your first big job risk; the first move out of your college town and into the city, or maybe traveling across an ocean to explore what another country can offer you; or your first major house purchase, whether it be an apartment or a bungalow. Whatever you’ll be experiencing for the first time in your twenties, this new landscape comes with a new set of financial responsibilities and decisions to make.
Robo-advisors have been gaining more attention in the investment landscape lately, and for good reason. With convenient online platforms, significantly lower fees, and quick account opening processes, robo-advisors are helping investors make the most of their time and money. But how do they work? And how could they improve the way you invest?
Tuition prices are on the rise, leaving many parents wanting to help put their children through post-secondary schooling. A four-year university degree can cost upwards of $60,000, making hefty student debt a reality for many Canadians. Saving for things like a home and family becomes even more difficult for recent graduates. While the price tag is daunting, post-secondary education is still is an investment in your child’s future. If saving for your kids’ education is a goal of yours, we share some advice on how to make it happen.
If we were to ask you what activity was more fun, planning a trip or planning your investment strategy, we'd bet you would answer with the former. And we don't blame you. Thinking about your next trip, booking hotels, planning an itinerary and packing your suitcase are all fun aspects of getting to your destination.
There is a purging in Turkey, turmoil in Europe, and a heated election in the U.S., yet the market has had its best month all year. With so much political uncertainty it's hard to see through the noise to find out which stories will be most important to the global economy in the coming months. Often, it's hard to see the forest for the trees, and what makes the headlines isn't necessarily what will drive the global economy.
We're in the heat of the summer, and we want to see how you keep active on a budget! If you're on Instagram, enter our contest to win a Fitbit Flex to help keep you on track with your fitness goals.