The Rule of 72 is a simple calculation to determine how long it will take to double your money at a specific interest rate. For example, if your were expecting a rate of return of 7% you would divide 72 by 7, which tells you it would take about 10.3 years to double your money…
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Category Archives: Investing
As Much As $50 Million Missing In Canadian Ponzi Scheme
After all the news during the past few months about Bernie Madoff’s Ponzi scheme down in the US, it looks like we have our own here in Canada. Earl Jones is a financial adviser who has suddenly disappeared with $30-$50 million of his client’s money. Authorities have frozen the accounts of both Earl Jones and…
Will The TSX Continue To Slide?
The TSX has finished lower each of the last four trading sessions. In those four days, three weeks worth of gains have been wiped out. Is the rally over as investors begin to take their profits? While stock markets have increased over the last few months on signs of economic recovery, we may have reached…
Use Your Raise To Increase Your Savings
A common reason given for not saving or investing is that there is no available money after all the bills and expenses are paid. By simply increasing your savings by the amount of your raises, you can quickly build up a nest egg without noticing any change in your lifestyle or spending habits. Since your…
How To Setup and Rebalance TD e-Series Funds
There is a bit of effort you need to put in to invest in TD e-Series Funds, but it is worth it. First of all, you need to apply using the pdf available on the TD Canada Trust website. The Account Application is pretty straightforward. You’ll need to provide information like your name, SIN, date…
TD e-Series Funds
TD e-Series Funds may be the simplest way for someone to invest in a diversified portfolio with low Management Expense Ratios (MERs). Below are the four funds that you can use to build a rather complete portfolio and would work well for regular contributions into an RRSP or RESP. TD Canadian Bond Index tracks the…
Canadian Index ETFs – XIU vs XIC
When looking for an Exchange Traded Fund (ETF) that indexes Canadian equities, the two most suitable choices are from iShares. The iShares CDN LargeCap 60 Index Fund (XIU) tracks the S&P/TSX 60 Index. This index is composed of S&P’s selection of 60 of the largest, most liquid stocks on the TSX. The Management Expense Ratio…
