Investing

Beyond financial planning: How to achieve the lifestyle you want

Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings. Because all money went to debt repayment, I’ve never really ...

Canada’s best credit cards for travel insurance

These days, nearly all credit cards include some kind of travel insurance. Like purchase protection, it’s an easy add-on to entice customers, but savvy Canadians know that not all insurance is created equal. Most travellers really only need to consider a few kinds of coverage: emergency medical, ...

The fine art of rebalancing your portfolio

Q. I started investing with the Couch Potato strategy two years ago. My question involves rebalancing. Would it be better or worse for returns to rebalance every month instead of once a year? I like being a hands-on investor and would not mind the extra time this would require, as long as there was ...

Exchange Traded Funds: Everything You Wanted to Know But Were Afraid to Ask

By Karin Mizgala, Co-Founder and CEO Money Coaches Canada Most Canadians are very familiar with mutual funds. In simple terms, a mutual fund is made up of a collection of individual stocks, bonds or other securities carefully chosen by a fund manager, with the goal of generating returns for the i ...

A new kind of annuity designed to help Canadian retirees live well, for longer

Two of the more promising measures in the recent federal budget could pave the way for deferred annuities and pooled-risk pension products designed to prevent retirees from outliving their money. The budget proposed two new types of annuities that can be used for registered plans. The headline-gra ...

Can Canadian seniors collect government benefits while still working?

Q. This fall, I will celebrate my 65th birthday, and plan to reduce my work hours to three days a week, from my current full-time hours now. I also plan to begin collecting my Canada Pension Plan and Old Age Security benefits—but, at the same time, I want to avoid being taxed on my income if poss ...

My TFSA Update April 2019

Image Credit: Perfect Gui / Shutterstock.com   In this series, I (Jin Choi) talk about my journey of investing in my TFSA account. If you want to know what a TFSA is, I recommend you read my free book. In this update, I’ll give my thoughts on the current state of the Canadian oil and gas ind ...

3 Canadian Dividend Growth Stocks Increasing Dividends

Disclosure: Some of the links below are affiliate links (AL), meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. I missed February and March, but normally each month I update readers of all the dividend increases in the Canad ...

Real estate has treated this investor well—but it’s time to diversify

ME AND MY TFSA Name: Peter Leung Age: 36 Location: Vancouver/Hong Kong Occupation: International real estate manager Strategy: Income-producing real estate investments, mainly REITs TFSA HOLDINGS WealthBar balanced fund: $6,075 Centurion Apartment Real Estate Investment Trust:  $22,500 Triumph Rea ...

What’s the best TFSA investing strategy for a young professional?

Q. I’m a 28-year-old speech-language pathologist making around $5,000 per month after tax. I have been aggressively saving for the past two years and was able to fully pay off my $32,000 student loan debt during that time as well. I currently have $10,000 in my TFSA and I am not sure what to do w ...