Personal Finance

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5 Practical Financial Preparations For a Long-Term Vacation

5 Practical Financial Preparations For a Long-Term Vacation

When that first cold wind or frost hits, I’m always surprised. I have no clue why — I’m Canadian, a Winnipeg native — and I’m well acquainted with this country’s winters. If the chilling reminder of what’s in store this... (Continue reading)

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How to Prevent Your Investments From Cracking

How to Prevent Your Investments From Cracking

Don’t put all your eggs in one basket. It’s a maxim we have all heard since childhood. The basic premise is that if you must figuratively transport a number of eggs from one place to another, placing all of them... (Continue reading)

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Pensions Are Worth Zero?

Pensions Are Worth Zero?

A recent Family Finance column in the Financial Post showed something strange about the way that financial planners calculate a person’s net worth. Apparently, having a defined-benefit pension plan does not add anything to your net worth. The article profiled... (Continue reading)

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Why Millennials Need to Get Over Their Fear of Stocks

Why Millennials Need to Get Over Their Fear of Stocks

After coming of age during the worst economy since the Great Depression, many members of the Millennial Generation have become wary of the stock market. But by putting their money into so-called “safer” investments, these young people are actually putting... (Continue reading)

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How to Invest When Interest Rates Rise

How to Invest When Interest Rates Rise

Fixed income is considered by most investors to be the cornerstone of a well-constructed portfolio, usually through investment-grade bonds with laddered maturities. For more than 30 years, this has worked well, rewarding investors with a steady stream of income and... (Continue reading)

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Using Dividend Stocks to Build Income

Using Dividend Stocks to Build Income

How did you get into investing?After finishing post secondary, I visited my local banker to get some investing advice and was pointed towards one of their mutual funds that was selected based on my risk tolerance at the time. I... (Continue reading)

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Markets messing with your mind? The Most Common Investor Head Fakes

Markets messing with your mind? The Most Common Investor Head Fakes

We like to think of ourselves as rational beings, but when it comes to investing our own money we can all get a little loopy. In a recent poll by BMO, two-thirds of respondents admitted they are not in total... (Continue reading)

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Financial Advice that is Popular And Wrong

Financial Advice that is Popular And Wrong

Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn’t bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda... (Continue reading)

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Dollar Cost Averaging Helps Investors Manage Risk

Dollar Cost Averaging Helps Investors Manage Risk

People are always looking for the best time to buy when investing their money. Ultimately, no one wants to pay too much for an investment that they know will fluctuate in value from one day to the next. It doesn’t... (Continue reading)

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The Realities of Home Ownership

The Realities of Home Ownership

Sometimes folks say they want something, but then do things that totally work against them achieving their goal. Home ownership is a perfect example. I get letters every week from people who say they want to own their own homes.... (Continue reading)

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