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.
There seems to be a common perception that tells us investing is only for those with large budgets. It tells us that to start investing, you need thousands of dollars parked in savings to have a chance of reaching your financial goals.
We’re here to tell you that you don’t need either of those things to open an investment account. All you need is a simple plan and the commitment to stick to it.
In some parts of the world like the U.S. and the U.K., robo-advisers have been around for almost a decade; in Canada, the digital addition to the financial services industry has been more recent, withh the first few robo players launching their services in late 2014.
While there is no shortage of robo companies in North America and abroad, there is still some uncertainty when it comes to how they can form meaningful partnerships with existing traditional advisers. Before we can tackle how the two can co-exist - and thrive together - it's important to understand how robo-advisers serve clients.
Image: Matheus Ferrero
Once you identify which goals you are saving for and determine an appropriate investment plan, the next step is to figure out which investment account type is right for you. Some choices may be more obvious than others, like using an RRSP to save towards retirement, or an RESP to save for your kids' education. But what about shorter-term goals like purchasing a car or saving for a wedding?
If you're asking yourself this question, a Tax-Free Savings Account (TFSA) might be the right vehicle for you and your goals. Use these tips below to help you determine if you should open a TFSA.
This month marks our second year as a team at Invisor.In two years, we've stuck by our commitment to make Canadian investment and insurance services more accessible to everyone. We’ve made improvements and additions to our products, and expanded the breadth of our services. We’ve been fortunate enough to see our business grow and evolve. We’ve had pizza-and-beer lunches, and Friday afternoon putting tournaments. We’ve had a fun and rewarding two years, and are looking forward to everything to come in the next 12 months.
If we aren't there already, there will most likely come a time when we feel financially ready to purchase our own home. This is an exciting time, and searching for the perfect first house can be both fun and overwhelming.
Whether you're a regular or not-so-regular gym-goer, there's something we can all agree on: keeping up your fitness level takes work.