Allow me to be very transparent, right from the start. I’ve had a non-registered investment account with BMO Investorline for decades. They’ve recently introduced a list of exchange-traded funds that can be purchased for free. Let me tell you say it again. Commission-free investing is fantastic! I suspect that this move to providing commission-free purchases […]
It’s up to you to feather your own nest, regardless of whether you have a pension. The first step is to take responsibility for Future You by investing some of today’s money for tomorrow. It is both risky and foolish to rely on your employer for your retirement income needs. You shouldn’t assume that your […]
No matter how you slice it, the basics don’t really change. This blog is about money, so I’ll stick to the financial basics. Live below your means so you have some money to save and invest. Invest your money so that it grows over time. Go back to step one and repeat. Everything else is […]
The TFSA contribution amount for 2022 is $6,000. And the very best day to make that contribution is January 3, 2022, so that your money is invested as soon as possible. The sooner you contribute to your TFSA, the better since tax-free growth only starts once the money is deposited. What’s that, you say? You […]
In 4 short weeks, the new year will have arrived. Hooray! Happy, happy, joy, joy! Kiss kiss to everyone! I don’t know about you but I don’t believe in new year’s resolutions. If I think changes to my life are going to make it better, then I’m going to implement those changes as soon as […]
For those about to invest, we salute you! There is now one less impediment between you and your financial goals. Back in the dark ages, which is when I first started my investment portfolio, buying securities through a brokerage was expensive. For many years, I had automatic contributions withdrawn from my bank account by a […]
As a non-expert financial person, my advice to nearly everyone is to adopt a buy and hold strategy because it works over the long-term. When the pandemic was declared in March 2020, the stock market took a dive. And it wasn’t a sweet, gentle decrease either. It was a stomach-churning drop that saw me lose […]
Very recently, I learned that dear friends of mine had opened an investment account for their child who had recently turned 18 years old. My reaction was one of happiness because my friends are nurturing the seeds of intergenerational wealth for their family. The intent is to help the offspring build the habit of investing […]
Learning about personal finance and investing has been a hobby of mine for the better part of 30 years… wow – that’s a long time! No wonder I make those odd noises when I get up from the couch… Anyway, one of the first books that set me on my successful path was The Total […]
Two thirds of 2021 are in the rearview mirror. You should probably spend a few minutes figuring out if you’re doing what you want with your money. have you built a solid-sized emergency fund? if you’re in a toxic work environment, have you bought horrible-boss insurance? are you investing for the future while also living […]