How to dodge investment fraud and protect your money High-flying cryptocurrency exchange FTX filed for bankruptcy in early November. Billions of dollars are missing or unaccounted for according to reports, and the eventual financial ramifications of the FTX...
Some asset classes better than others as an inflation hedge When preparing your financial plan and setting target returns, make sure you discuss the effects of inflation with your advisor. Currently, inflation is at levels not seen in decades. In Canada, the...
Hint: you won’t find it on TikTok In our plugged-in hyper-connected 24/7 lives, we’re inundated with investment “advice.” Which is worth precisely what you pay for it – nothing. And yet every day, I hear of unwary or gullible investors being seduced by sales...
Pay attention to asset allocation before trouble starts Inflation continues to burn up everyone’s purchasing power, with both Canadian and U.S. consumer price indexes exceeding an annual 8% recently. Of course, any shopper could have told you that months ago, just...
Key principles to follow when starting out as an investor One of Warren Buffett’s famous maxims is to buy when everyone else is selling. This principle has helped male him, through his investment company Berkshire Hathaway Inc., one of the richest men in the world....
Before you do, ask the right questions North America’s stock markets are at or approaching bear market territory – that is, where their stock indexes have lost 20% or more from recent highs and have not quickly bounced back. Only Toronto’s S&P/TSX...
Six budgeting essentials for bringing up baby For new parents, one thing’s for certain with the arrival of that new little person – your household budget will change drastically. And many will find the transition something of a challenge. But there are...
Sell in haste, repent at leisure The big stock market indexes have been on a steep slide since the beginning of the year. Anyone with a passive, “buy-and-hold” type of equity portfolio will know the discomfort this can cause as each day brings another shrinkage in...
Stop the bad guys in their tracks with these tips Investment frauds and scams have ballooned during the pandemic as do-it-yourself investors, staying at home, had more time on their hands to get into trouble. The Canadian Anti-Fraud Centre (CAFC) reports that...
Markets may fluctuate, but solid investment principles abide The Russian invasion of Ukraine has had predictable effects on financial and commodity markets. In addition to increasing market volatility, the big U.S. stock indexes are well down from their 52 week...
“High interest” savings accounts yield less than 2%. Can savers do better? Robyn Thompson is featured in BNN Bloomberg’s Personal Finance with advice on where to find better yields, and when to take...
No need to settle for nothing You may as well face facts: You can’t “save” a million dollars. A recent survey of the market showed that the highest rate paid in a standard, plain-vanilla high interest deposit savings account (the kind that most banks and large...