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Best Investment Accounts and Options in Canada 2021

Details: Registered Investment Accounts in Canada. While there is a place for having non-registered investments, beginner investors should generally first …

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70 Basic Investment Terms Every Investor Should Know

Details: Basic Investment Terms Every Investor Should Know (1) This is a mini-glossary of investment terminologies you will come across frequently on your investing journey. They are basic terms you should know if you want to become a successful participant in the financial/stock markets and have a handle on your investments in general.

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Basic Investment Terms Every Investor Should Know

Details: Registered Investment Account. It is an investment account that allows you to save or invest tax-free until you withdraw your funds. Examples include the RRSP, RRIF, and RESP accounts. The Tax-Free Savings account (TFSA) is also a registered investment, however, no taxes are levied on your returns even when you withdraw funds. Risk

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The Beginner's Guide To Alternative Investments

Details: Alternative investment vehicles have always been around. However, unlike their more-traditional counterparts (i.e. mutual funds, stocks, and bonds), they have generally been limited (until recently) to only institutional investors and high-net-worth individuals. Given the low-interest-rate environment that has prevailed over the last decade, investors have become more aggressive in their …

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What Do Conservative, Balanced, and Growth Portfolios Mean

Details: Investment Portfolio Categories. Historical data shows that stocks are more volatile and riskier than bonds over the long term. And, even though your potential returns are higher when you invest in stocks (equities), a 100% stock portfolio is not suitable for all investors.

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The Many Faces of Investment Fees in Canada – Savvy New

Details: The cost can be up to 5% of your initial investment and the money goes to the financial advisor’s firm. The fee charged may be negotiable. For example, on a $10,000 initial investment, if you are paying a front-end load of 2%, then $9,800 is invested in the fund, while $200 is paid to the advisor’s firm. Front-end loads are now less common

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The Rule of 72, Doubling Your Money, and Investment

Details: The Rule of 72 has been around forever and is a very simple way to determine how many years it will take to double your money or the funds invested in your investment portfolio. If you want a shortcut approach to estimating how compound interest will affect your investment …

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What is a GIC (Guaranteed Investment Certificate)

Details: Guaranteed Investment Certificates or GICs belong to the 'fixed income' group of investment assets that also include corporate bonds, government bonds, and term deposits. Fixed income securities and products generally pay you a fixed percentage of interest (income) for lending your money to a bank/financial institution. The longer the duration of your GIC investment, the

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Best Investment Apps in Canada in 2021 – Savvy New Canadians

Details: The best investment apps in Canada have made investing in the financial markets easier than ever. The road to self-directed investing was tough when I first started out almost two decades ago. It used to require calls and sometimes trips to my broker's office and there was always something to worry about. A wrongly filled

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Registered vs. Non-Registered Investment Accounts: Factors

Details: Registered vs. Non-Registered Investment Accounts. A registered account is an investment account that is given tax-deferred or tax-sheltered status by the government. Income earned on the account is not taxed until withdrawal or in the case of a TFSA, is never subject to taxation.

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How To Buy Stocks in Canada in 2021: Beginners Guide To

Details: 2. Choose an Investment Account. Canadians can invest using registered or non-registered accounts. Popular registered investment accounts include: Tax-Free Savings Account (TFSA): A TFSA offers an opportunity to invest and earn tax-free returns forever. You can use this account to save towards short- and long-term goals, including retirement.

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15 Passive Income Ideas To Make Money in Canada (2021)

Details: Build your investment portfolio from scratch using stocks, ETFs, bonds, GICs, index funds and more. Self-directed investors can use an online discount brokerage platform to buy and sell investment assets to make money. Stocks: A popular approach is to invest in dividend stocks. When you purchase stock in a company, they may pay out regular

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TD Direct Investing Review: Are The High Fees Worth It

Details: TD Direct Investing is one of the brokerage platforms available to self-directed investors in Canada. You can use it to trade stocks, ETFs, mutual funds, and a variety of other investment securities. While TD Directing Investing is popular, its trading fees are not competitive when compared to many of the trading platforms on our list

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What is a Mutual Fund

Details: A mutual fund is a collection of investment assets such as bonds, stocks, ETFs, other mutual funds, cash, and other securities that are owned by a group of investors and managed by a professional fund manager. Mutual funds have been the most popular investment vehicle in North America for decades. However, since having to compete

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Best TFSA Investments for Canadians in 2021 – Savvy New

Details: Investment objectives e.g. are you investing for a long-term goal (e.g. retirement), short-term savings (e.g. emergency fund, wedding, car), or other purposes? Level of risk tolerance. Investment knowledge and confidence with self-directed investing. Overall asset allocation in your investment portfolio. Traditional Low-Risk TFSA Investments

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Best RRSP Investments in Canada

Details: A Registered Retirement Savings Plan (RRSP) is an investment account designed to help you save and invest for your retirement. RRSP investments grow tax-free, sheltering your earnings from taxes until when you start making withdrawals. The money you contribute is also deductible from your income and reduces the taxes you are liable for today.

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Top Bitcoin ETFs in Canada 2021: Investing in

Details: Enoch Omololu. Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course.

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Wealthsimple Promotion 2021 Get a $75 Cash Bonus or

Details: Wealthsimple Inc. is a registered portfolio manager in all of Canada and they offer investment products via ShareOwner which is a member of the Investment Industry Regulatory Organization of Canada (IIROC). Clients of Wealthsimple are protected by the Canadian Investor Protection Fund (CIPF) up to $1 million if the firm becomes insolvent.

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How Much Money Do You Need To Retire in Canada in 2021

Details: Enoch Omololu. Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course.

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Best Micro-Investing Apps in Canada for 2021 – Savvy New

Details: Best Micro Investing Spare Change Apps. There are two main micro-investing apps available in Canada. 1. Moka (formerly Mylo) Moka (formerly Mylo) is a Canadian investment app that automatically rounds up your purchases and invests the difference in a portfolio made up of low-cost ETFs. After you create an account, you need to connect your bank

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RBC InvestEase Robo-Advisor Review for 2021

Details: Online digital investment managers aka robo-advisors have been around in Canada for a few years and there is a lot to like about them. Following the likes of other fintech giants like Wealthsimple and CI Direct Investing, we now see some big banks jumping into the industry, with RBC InvestEase being the most recent. Why

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Best Online Brokerages and Trading Platforms in Canada 2021

Details: Questrade, Inc. is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Pros Questrade offers a variety of investment products including stocks, ETFs, options, GICs, bonds, international equities, and IPOs

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15 Best Budgeting and Personal Finance Apps in Canada for 2021

Details: Best investment portfolio rebalancing tool: Passiv; Best Free Budgeting Apps. These budgeting apps offer a free basic service and are available on the Apple Store and Google Play. 1. Mint. Mint is the most popular free budgeting app with more than 20 million users. The app gives you a platform to view all your financial accounts in one place so

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Wealthsimple Halal Portfolio Review

Details: Wealthsimple Halal Investment Portfolio. Wealthsimple was founded in Canada in 2014 and has since expanded operations to the United States and the United Kingdom. They have hundreds of thousands of clients and over $8.4 billion in assets under management. What is a halal investment? It refers to financial products that are in compliance with

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Wealthsimple TFSA Review 2021: Invest For Retirement With

Details: How a Robo-Advisor Can Help. Self-directed investors can lower their investment costs by using an online discount brokerage to build and manage their portfolio.. However, not everyone has the know-how or confidence to set up a globally diversified portfolio, buy and sell investment securities, rebalance their portfolio and stay calm when the markets go awry.

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Wealthsimple Trade Review 2021 [Get a $50 Cash Bonus]

Details: Wealthsimple is an online digital investment service that automates the investing process so that basically anyone can put their money into a professionally managed low-cost portfolio without requiring 6-figures. Popularly referred to as a robo-advisor, Wealthsimple offers its clients customized portfolios to fit their risk tolerance and

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Wealthica Review: Track Your Investment Portfolios

Details: Wealthica is an investment tracking web and mobile app developed by Wealthica Financial Technology Inc. The company was founded by Martin Leclair and Simon Boulet and they recently brought on board, Eric Lemieux, who was a former vice …

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CIBC Investor’s Edge Review – Is This Online Brokerage

Details: CIBC Investor’s Edge is a division of CIBC Investor Securities Inc., which is a subsidiary of the Canadian Imperial Bank of Commerce (CIBC). CIBC was founded in 1867 and has over 45,000 employees and 10 million customers worldwide. It is one of the biggest banks in Canada. The CIBC Investor’s Edge app is available on both the App store and

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The Next Bitcoin: What Cryptocurrencies Will Explode in 2021

Details: Enoch Omololu. Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course.

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A Review of TD e-Series Funds – Savvy New Canadians

Details: Investment fees in the form of a Management Expense Ratio (MER) form the bulk of fees that investors pay when they invest in traditional mutual funds. It is a known fact that MERs are significantly higher in Canada than elsewhere in the developed world.

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LIRA vs LRSP vs LIF vs LRIF vs PRIF: What Are They

Details: Enoch Omololu. Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course.

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Moka Review 2021: Automate Your Investing ($5 Bonus)

Details: Investment knowledge is not required on your part given that your portfolio manager does all the asset allocation and re-balancing for you. If you plan to save very small amounts per month (like the $20 per month example I used above) or infrequently, the $3 per month fee is comparatively steep.

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Financial Checklist For Canadians in 2021 – Savvy New

Details: Enoch Omololu. Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course.

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CI Direct Investing Review (WealthBar) – $10K Promo Offer

Details: CI Direct Investing (formerly WealthBar) was the first full-service robo-advisor to set up a shop in Canada. While the online portfolio management industry is booming and has seen a number of fin-tech entrants in the last few years, CI Direct Investing can boast about its pioneering role in bringing low-fee wealth management to Canadians. It

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Compare Robo Advisor Fees in Canada 2021 – Savvy New Canadians

Details: One major reason why robo-advisors have become popular in Canada is the lower management fees they charge compared to what traditional wealth managers and financial advisors charge. Robo-advisors simplify the investment process using low-cost ETFs. Important parts of the investment puzzle-like diversification, rebalancing, and dividend re-investing are all automated so …

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