If you’re an investor, you know that the market is unpredictable. It can be great for months, only to suddenly drop before spiking back up once again. Over the past year, we’ve felt the shake of global events in our portfolios on several occasions, and understanding how these events affect our savings is important in keeping a clear head and persevering through the noise.
As an investor, one of the most important things you can do to make sure your savings are protected is to diversity your portfolio. A properly diversified portfolio is a simple way to reduce the impact of volatility and isolated risks, and ultimately, allow you to sleep better at night when it comes to thinking about your investments.
In this post, we’ll talk about how diversification can provide you with steady returns while protecting you from less-than-favourable market events.
Curious about Registered Education Savings Plans (RESPs) and if they could be the right investment account to help you save for your child's education? Check out the information below to learn more about RESPs and their flexibility in helping you save for education.
Curious about Tax-Free Savings Accounts (TFSAs) and if they could be the right investment account to help you reach your goals? Check out the information below to learn more about TFSAs and their flexibility in helping you save for various goals.
Curious about Registered Retirement Savings Plans (RRSPs) and if they could be the right investment account to help you reach your retirement goals? Check out the information below to learn more about RRSPs and how they can help you save more towards your retirement.
It’s almost time to get your 2017 income tax statements ready, and while we’re well into 2018, there is one more thing you can do to increase your 2017 tax return: contribute to your RRSP.
One of the biggest advantages of investing in a Registered Retirement Savings Plan (RRSP) is that any contributions you make will reduce your taxable income in the year the contribution is applied to. While the prior tax year is over, the government allows you to also apply contributions to the prior tax year if they are made in the first 60 days of the following year. The deadline for 2017 RRSP contributions is March 1, 2018.
There’s no question that charity is most on our minds during the holidays. There’s no shortage of office food drives, calls for volunteers at local soup kitchens, and donation boxes scattered throughout the mall. Whether you choose to participate in these activities, or you’re considering donating to a charity through the holidays and beyond, there are many ways to give back, no matter your budget.
If you’re feeling apprehensive about the cost of charity, consider these options on how to include charitable giving in your financial plan. You might be surprised at some of the items and their benefits.
No matter where you are in your personal finance journey, you're bound to have some questions at one point or another. What should you be investing in? Do you really need that insurance product everyone keeps talking about? How much is enough when you're saving towards a goal?
We may only be half way through November but there’s no denying it: the holiday season is here and, whether we’ve prepared for it or not, the rush of holiday parties, family get-togethers, gift exchanges, and planning for New Year’s Eve is right around the corner.
Image: Nathan Walker
If you own your home, there’s likely a lot of equity tied up in it, especially with the spike in house values we’ve seen the past couple years. If you’re planning on downsizing in retirement, you might be considering funding your post-work years with the money earned from selling your home. In fact, according to a recent study by the Ontario Securities Commission, nearly 4-in-10 homeowners in Ontario aged 45 and over are relying on the appreciation of their home to get them through retirement.