Archive for June 2023
Best Long-Term Investments in Canada 2024
Long-term investing is one of the most powerful ways to grow your wealth. As the name implies, long-term investing means that an investor buys an asset with the intent to hold it for some time. The time frame can be years or even decades. Over time, long-term investing has the potential to produce excellent returns…
Read MoreBest Utility Stocks in Canada 2024
There is a reason why so many of Canada’s best utility stocks are also on our overall list of best dividend stocks in Canada: They are natural oligopolies/monopolies, meaning that can pass along increasing costs almost instantly, and have really solid yields for income-seeking investors. This combination makes them a natural fit for Canadian investors…
Read MoreMoka App Review 2024
What Is The Moka App? Are you looking for an easy way to save money or build an emergency fund? If you have trouble building your savings each month, Moka (formerly Mylo) can help you get started. Moka is a well-designed app that lets you begin budgeting and investing without much effort. The team at…
Read MoreBest Penny Stocks Canada 2024
When you hear the words “penny stocks”, it’s likely that the image in your mind isn’t a pleasant one. However, penny stocks still draw the attention of many new investors. In the age of apps like Robinhood, penny stocks make it easy for people to access the stock market game due to their low price.…
Read MoreThe Best Low Cost Ways to Convert CAD to USD
Any Canadian who’s traveled to (or ordered something from) the US knows about converting CAD to USD. It’s never fun to watch every dollar of your hard-earned money suddenly turn to $0.75 (or less!), and with additional foreign exchange fees, it can really add up. And exchange rates aren’t going anywhere. The cost of one…
Read MoreThe Best Aeroplan Credit Cards in Canada 2024
If you are looking for the best travel rewards card in Canada, look no further than Aeroplan credit cards. Aeroplan is a loyalty program that allows cardholders to earn points towards flights, hotels, car rentals, merchandise and more. This flexibility is exactly why Aeroplan credit cards are so popular. There are a number of Aeroplan…
Read MoreThe Best Secured Credit Cards in Canada 2024
If you ever find yourself in a situation where your low credit score is getting in the way of your goals, don’t worry, there are ways to improve it. With the Best Secured Credit Cards in Canada, you can build your credit score, whether it’s starting at zero or doing a little credit recon. In…
Read MoreWhen to Buy Dividend Stocks in Canada
Dividend stock investing is a great strategy for those looking to invest primarily in mature, stable companies with a history of spinning off free cash flow. Whether or not someone chooses to take the dividend payout out of their brokerage account in order to pay for life, or to reinvest any dividend income depends on…
Read MoreBest Canadian Inflation Stocks for Hedging Investments
Should you worry about re-working your whole portfolio around the idea of choosing the best Canadian inflation stocks? Probably not. Of course that’s easier said than done as we proceed through stubborn inflation trends in 2023. When we started 2022, inflation was only being mumbled about by a very small cohort of market experts (shout…
Read MoreBest Low Interest Credit Cards in Canada
We all know that it is best not to keep a balance on a credit card, and in a perfect world, we wouldn’t. In reality, there will be times in life when unexpected expenses will pop up, requiring us to carry a credit card balance for a little while. In this situation, you’ll be looking…
Read MoreBond ETFs vs GICs vs High Interest Savings Accounts
For income-oriented Canadian investors the choice between a Bond (or Bond ETF), a GIC, or a high interest savings account has become more important than ever. With interest rates at historic lows (for a little while longer anyway) choosing the best option for the “safe, low risk investing” part of our portfolio can make a…
Read MoreIs TD Bank Stock a Good Buy in 2024?
If you’re considering buying Toronto Dominion (TD) Bank stock in 2024, then you need to be aware of the bank’s individual performance, its abandoned merger with First Horizon, and the long term prospects for Canadian and American banking as well. For more insights on comparable investment options, check out our article on the Best Canadian…
Read MoreYou Need a Budget (YNAB) Canada Review
What is YNAB? YNAB is more than a simple budgeting app. The idea for YNAB all started in 2003 when founder Jesse Mecham developed a very specific system for managing money so he and his wife could finish school with as little financial stress as possible. Seeing how effective the system was, he decided to…
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