Financial literacy month—November, in Canada— is just around the corner. We have reason to be proud: Canadian youth rank among the top in the world for financial literacy. Every three years, the Programme for International Student Assessment (PISA) conducts a survey among 15-year-old students in 20 countries. In the most recent results, Canada tied for second place…
Read More“Often, it’s wise to trust our emotions, but something strange happens when it comes to investing. When markets soar, our emotions try to sway us to buy high, and when markets fall, our emotional response is to want to sell—the opposite of the “buy low, sell high” investment ideal…”
Read More“When you think of how time helps you achieve investment objectives, the first thing that comes to mind may be compound growth. You make an investment, reinvest your returns year after year, and continue to earn returns on both your original contribution and all of the accumulated returns. Given enough time, the value of the growth can exceed that of your original investment…
Read More“Markets have been volatile and recently bottomed amid bearish sentiments. The S&P 500 Index fell to 3667 on June 16th and subsequently rallied back to 4130 at the end of July. So, what happened between June 16th and July 31st to drive such a significant shift?…”
Read More“When it’s time to withdraw funds from a Registered Education Savings Plan (RESP), tax planning may be involved. It’s all because an RESP is composed of two pools of money, one taxable and one non-taxable – and you choose the pool for each withdrawal…”
Read More“When the markets are choppy, it’s easy to get distracted by each new wave of information. But rather than getting caught up in the storm we should be looking to the horizon for what’s coming next...”
Read More“Set it and forget it. That’s an easy trap to fall into after opening a Registered Education Savings Plan (RESP). Simply choose your investments, make regular contributions – being sure to trigger the maximum annual Canada Education Savings Grant (CESG) – and watch your investments grow…”
Read More"This single mom made a few simple budget cuts and saved almost $5,500 in eight months. It wasn't easy, but the sacrifices were worth the payoff...”
Read MoreThe following is an analogy shared with us by one of the members of the EdgePoint investment team concerning volatile markets. We believe it serves as a great reminder to the many of us that are feeling tossed around by the market during this time, that the best course of action is to stay the course…
Read More"As a financial planner, Warren MacKenzie applauds the efforts of his clients to save money for retirement. But he sees many struggling to spend the funds they so carefully put away once they’re retired…”
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