Getting into the stock market as a Canadian doesn’t have to be scary. If you’ve done your research on what types of things you want to invest in, and understand the risks involved, then the actual process of signing up and purchasing those stocks can be fairly straightforward. The following guide covers what the possible investment fees and account types are, as well as follow-along guides on how to buy stocks in Canada online using the discount brokerage Questrade. What is Questrade? Questrade is an online investment brokerage based in Canada and founded back in 1999. It has a simple to …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.