I regularly use the Norbert’s Gambit approach to convert USD to CAD (and vice versa) through RBC Direct Investing. The process is smooth through RBC but not all discount brokers are created equal and you need to find out if … Read more
Canadian investors definitely have a conundrum when it comes to choosing between a TFSA or RRSP – which is actually better? or even which account do you start with first? Good questions and it’s a good problem to have as … Read more
Every DIY investors at one point or another is looking to make a big play and win big. If you don’t have much money to invest, Shopify tends to be out of question but penny stocks become appealing for some. … Read more
Understanding your rate of return (ROR) is critical to understand your portfolio performances. There are just too many ways to do math with stocks but there is only one way to truly calculate the performance of a portfolio. I have … Read more
The TFSA account is relatively new and often referred to as a younger sibling to the RRSP. The choice of investing in your TFSA or RRSP first is still a debated question but what isn’t up for debate is your … Read more
It is critical for investors to benchmark their portfolio for the simple reason that you can validate your strategy. Even if you are meeting your goals if your benchmark outperforms your portfolio, why not switch to the benchmark? Before we … Read more
RESP, or Registered Education Savings Plan, is an investment account used by parents to save for their children’s post-secondary education in Canada. There are many advantages for parents, as well as future students, for saving for college or university using … Read more
The Tax-Free Savings Account, or TFSA, is a special type of investment account that provides tax benefits for Canadians. The main tax benefit of this type of account is that investment income earned in a TFSA is not taxed upon withdrawal. It was … Read more