Tag: investment
Feeling overwhelmed by the price of homes which simultaneously increases the cost of a down payment? You look at today's housing prices and wonder if you will ever be able to save enough. It's a valid concern. According to the MLS Home Price Index, the cost of a single-family home has skyrocketed over the past … Continue reading Don’t Just Save, invest: How to Invest Your Way to Faster Home Down Payment using First Home saving Account (FHSA)
Brokerage commissions have decreased significantly compared to the past when buying and selling shares was much more expensive. This reduction is likely due to advances in technology, increased competition, and greater accessibility to stock trading through online platforms. Remember that a key part of successful investing is maximizing returns while minimizing unnecessary expenses, such as … Continue reading Best Commission-Free Stock Trading Platforms in Canada for 2025
The New Year traditionally marks a time for individuals to establish or reaffirm their commitment to personal growth and transformation. Common resolutions shared among acquaintances and observed on social media platforms often include adopting healthier lifestyles, pursuing spiritual development, and enhancing financial security – all commendable goals. While saving money is a crucial component of … Continue reading Is Your Financial Health Thriving? Make Investing Your New Year’s Priority this year 2025
The impact of government economic and monetary policies, such as taxes, interest rates, regulations, and tariffs, plays a critical role in shaping the economy and influencing stock market growth. For instance, low taxes for individuals and businesses can boost investment, innovation, and expansion, including increased hiring. This, in turn, creates more job opportunities and puts … Continue reading Navigating the Next Four Years: Investment Insights on Trump 2.0
As a first-time investor, you wonder when the best time is to start investing and maximize your returns. Investing involves buying various assets and holding them to earn interest or profit from their growth. Starting early is a good strategy because it allows your investments to compound over time. So, the second-best time to start … Continue reading When is the Perfect Time to Invest? You Might Be Surprised by the Answer!
The most crucial part of your financial journey is understanding that reaching your financial goal takes time and requires periodic investing, where the magic happens. This brings us to the concept of the time value of money, a significant tool to add to your financial toolkit. It can help you stay motivated by seeing the … Continue reading The secret to financial freedom and boosting your finances is to understand the time value of money
The world economy continues to navigate rising inflation after the 2019 pandemic. In response, the state’s monetary policy adjusts interest rates to control the prices of goods and services by decreasing or increasing rates as needed. Recently the “Bank of Canada reduced the policy rate by 25 basis points to 4.25%”. What does this mean … Continue reading How Interest Rate Fluctuations Impact Your Finances and How to Stay Ahead
universainsight image Understanding and implementing a multi-income approach can empower you to shape your financial destiny. In recent years, the cost of living in most economies has drastically increased due to inflation, wage stagnation, high interest rates, and record job losses. This makes it impossible for a single source of income to keep up with … Continue reading How many sources of income do you need to reach your financial goals and take control of your future?
For a first-time investor, deciphering all the nitty-gritty of investing can be challenging and overwhelming. For example, with the power of the internet, one can barely go for a few days without seeing financial ads like high savings accounts, gold or other commodities, cryptocurrencies, shares of companies and more. As a teenager, I remember watching … Continue reading Investment 101: The Why, How, and Where of Investing
IDFCFirstBank Saving is essential to personal financing, including investing, income, spending, protection, and other financial activities. Saving is the amount of money remaining after all expenses have been paid, and what we choose to do with it impacts our financial goals. From a young age, my parents have told me to save money; they would … Continue reading Why Saving Money Could Be Sabotaging Your Financial Goal?
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