We protect our kids way too much! It’s safer to keep them at home and let them play on an iPad or watch 4 hours of Netflix. Some might even do both at the same time. Going to the park or going for a bike ride is simply too dangerous. We are bombarded by scary…
How to Invest Your House in the Stock Market
For many people, the majority of their assets are locked into their family home. This follows the traditional advice many of us have received over our lives. It’s better to own than rent. One day you’ll pay off that mortgage and you’ll be free. Below is an image of the traditional mortgage path. The red…
How The RRSP Can Help You Reach Financial Independence
Retirement is a relatively new concept for humans. For thousands of years people would contribute to their communities in whatever ways they could until they died. But not in this modern day and age. In today’s society, the general retirement age is considered to be about 65. The expectation is that a person works for…
The Best Low Cost Equity Index Funds on the Toronto Stock Exchange
With over 700 listed ETFs on the Toronto Stock Exchange (TSX), it’s no wonder how a person would suffer from indecision. Within those 700 ETFs, exist a few low cost equity index funds hidden in a sea of high fee investments. Index funds are passive investments that are rebalanced regularly based on the the market…
5 Reasons Why You and I are Terrible Investors
In the fall of 2017, I started to invest in Marijuana stocks. I threw all the money I had at any company to do with marijuana. In Canada, this was the run up to legalization and I thought these companies would have licenses to print money. And I was right…….at first. I made more money…
Best free ETFs with Qtrade
Everyone has their favourite online brokerage. Most often, it’s the first one a person ever opened. For me, it’s Qtrade. Qtrade is an online brokerage based out of Vancouver, British Columbia. Buying stocks, ETFs and mutual funds cost $8.75/trade. However, they do offer a list of over 100 free ETFs. There is no minimum purchase…
The Ins and Outs of Canadian Eligible Dividends
Most people earn their money through employment income. They work for a private business, corporation, government, or are self-employed. It doesn’t matter who you work for. When you work, you pay the highest amount of tax as a percentage of your income. I naively thought that everyone paid the same percentage of taxes. I thought…