High Net Worth Investing In Canada

high net worth investing

Who are High Net Worth Individuals? We know a person or household’s net worth is just the difference between assets and liabilities.  So a high net worth individual just refers to a person with substantially more assets than liabilities right? Almost. A High Net Worth Individual (HNWI) is a specific label that financial institutions use…

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Investing in Commodities in Canada

commodity investing canada

So you’re ready to make the leap from a passive all-in-one ETF and speculate a bit by looking into investing in Canadian commodities? With the world facing inflation numbers that seem to increase daily, as well as a war in Ukraine that threatens the output of two of the world’s biggest commodity producers, investing in…

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Best Penny Stocks Canada 2022

canadian penny stocks

When our MDJ editorial team were drafting new ideas to write about in 2022, the idea of Canada’s best penny stocks drew plenty of emailed groans. Afterall, we’re a group that highly prioritizes long term buy-and-hold investing solutions such as all-in-one ETFs, Canadian robo advisors, and Canada’s best dividend stocks. That said, our inbox consistently…

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Best Bank Account for Seniors in Canada

Seniors Bank Account

So, you’ve endured 60 years of ups and downs, booms and busts, triumphs and challenges, now it’s time to kick up your feet, relax, and enjoy your retirement. You want a simple bank account to handle your day-to-day banking, but there are so many choices out there. Which should you choose? Which is the best…

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Best Low Risk Investments in Canada Right Now

investment growth graph

In a perfect world, we’d all find the best low risk investment opportunities, and then watch our investments grow and grow unabated without dropping a single cent. We’d all sleep soundly at night knowing our hard earned money is safe and secure.  The truth is that we’re all searching for safe investments with high returns. …

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Spousal RRSP, What is it? How does it work?

spousal rrsp

Marriage, in many ways, represents a union of two people as a single unit. But under the Canadian tax system, those two people are still treated as individuals. Each individual is taxed progressively based on his or her own income. The higher income earner pays a higher tax rate than the lower income earner. This…

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Canadian Stock Market vs U.S. Stock Market

Canadian Vs Us Stock Market Graph

We Canadians might like to argue with our U.S. neighbours about who makes better beer or who plays better hockey but ultimately, we recognize that we are very similar to our American friends. Both Canada and the U.S. are wealthy developed countries with stable governments, trustworthy financial systems, and reliable civil infrastructure. That is, we…

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Quick Tip: Questrade Currency Settlement

Questrade Currency

I’ve made a lot of mistakes along my personal finance journey. Let me tell you about one of these mistakes. Rhymes with “nasal” The year is 2010, I was fresh out of university and was embarking on this thing called a career. I needed to figure out what to do with pay cheques showing up…

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