Understand Why You Invest Before You Invest There should always be a goal, or objective attached to an investment. But not all investments require them to have the same goal. Here’s a list of some objectives, and how they’re different. Investment Objectives Capital Preservation – To seek maximum stability for our investment by investing in assets that are associated… Read More »
What is a Blockchain? A blockchain is basically a digital and decentralized ledger that can record virtually any type of transaction between 2 parties in an efficient, verifiable, permanent, and secure way. The first blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented in 2009 as a core component of the digital currency Bitcoin, where it serves as… Read More »
Median Income Grows to $70,336 The results from last year’s national census about family incomes have been released. Below is a table showing how much we all made in 2015. Overall the median national income was $70,336. This means half of Canadian households made more than this number, and the other half made less. Atlantic provinces and Quebec… Read More »
After the FED raised interest rates in the U.S., the Bank of Canada did the same. In July the central bank increased rates by 0.25%. This means the Prime lending rate at banks is now 0.25% more expensive for borrowers. What does this mean for Canadians in debt? It means we should reduce our debt balances to normalize our… Read More »
Is the 4% rule in retirement reliable? There’s a general rule of thumb that says if you retire you can safely withdrawal up to 4% of your nest egg every year without it running out before you kick the bucket. Financial advisor Bill Bengen, now retired, came up with this guideline after testing a variety of withdrawal rates… Read More »
Why too much cash not a good thing Holding some cash for emergencies or short term opportunities is a sound idea. But having too much cash sitting around instead of putting the money into investments can be financially unwise. Like most things in life, there is a cost component to cash. Usually cash produces lower returns than other… Read More »