Tag: personal finance
One of the greatest challenges for any investor is consistently identifying stocks that will outperform the market. However, a second challenge just as is reviewing your portfolio, especially the losses, requires a high level of discipline. There is a profound African proverb that says: If you don't know where you're going, look back at where … Continue reading 2025 Stock Picks Review: Wins and Losses Explained
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)
The rising cost of living, inflation, and economic uncertainty are putting greater financial pressure on families everywhere. While we can not control the economy, we can take proactive steps to prepare for the future, especially when it comes to our children’s education. That's where a Registered Education Savings Plan (RESP) comes in. This article will … Continue reading Smart Ways to Invest in Your Child’s Education Using a Tax-Free Savings Account (RESP)
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
For new investors, high-interest savings accounts offer a straightforward investment starting point. This post reviews Canadian banks, ranking them by interest rates while highlighting benefits, fees, and promotional offers for various savings accounts to aid financial growth.
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
In hindsight, many stock investors could have outperformed the market if they had successfully timed it. However, accurately predicting the market's next move—whether for short- or long-term investments—remains a significant challenge. Applying the right strategies can help mitigate the risk of losing money and foster portfolio growth. As an investor, I can not stress enough … Continue reading Reflecting on My 2024 Stock Investing Strategy: Wins, Misses, and Areas for Improvement
According to George Santayana, "Those who cannot remember the past are condemned to repeat it." Whether you are a short-term, long-term investor, or a trader, it is imperative to understand some common mistakes that both new and experienced investors often make in the market to maximize your returns. I have compiled a list of mistakes … Continue reading Essential Trading Lessons: The Costly Mistakes I Made and How You Can Avoid Them
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
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