Posts Tagged ‘investing’

DAILY FINANCIAL TIPS – DAY 46 – HOW TO REDUCE INVESTMENT VOLATILITY

Many people open their investment statements with trepidation – wondering if their investments have increased or decreased. Investment values fluctuate regularly due to market conditions. That is very normal and to be expected. Large or significant fluctuations in value however can be very disconcerning. Our comfort level with the magnitude of investment fluctuations will depend…

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DAILY FINANCIAL TIPS – DAY 42 – SPOUSAL RRSP INCOME SPLITTING

The appeal of RRSP contributions for many Canadians is reducing their tax payable and enhancing their tax refunds. Spousal RRSP contributions can further enhance the effects of contributing to RRSP by further reducing income tax payable through the effects of income splitting. Spousal RRSP are particularly effective for families where one spouse doesn’t work or…

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DAILY FINANCIAL TIPS – DAY 39 – INVESTING COSTS

There are many different investment options people can take advantage of. Each has their pros and cons. One can purchase specific stocks and bonds, many purchase Mutual Funds for their investments. One can engage the services of an investment advisor from a brokerage firm such as RBC Dominion Securities, ScotiaMcLeod, BMO Nesbitt Burns, etc. You…

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DAILY FINANCIAL TIPS – DAY 38 – DOLLAR COST AVERAGING

These daily financial tips are designed to be short ideas covering different aspects of family and business finances. They are short pieces intended to provide information to enable individuals, families and businesses to make informed financial decisions. Not all tips will apply to every situation, but over the course of a year, most financial topics…

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