How many financial advisors are in Canada? To give you a rough idea as to the number of financial advisors in Canada as a whole, there are about 75,000 MFDA advisors (mutual fund sales reps), 125,000 …
New ETNs Allow Investors to Profit on Market Volatility… or not
UPDATE: THIS WAS AN APRIL FOOLS PRANK! Gotcha! Many writers and experts have commented on the proliferation of bad ETFs as manufacturers cash in on the caché of the ETF name. We've seen leveraged …
Continue Reading about New ETNs Allow Investors to Profit on Market Volatility… or not →
Reader Question on Multiple RRSP Accounts
A reader emailed in the following question and I thought I would share my answer with everyone: Question My question is specific to my situation obviously, but could apply to anyone in their 30s …
Continue Reading about Reader Question on Multiple RRSP Accounts →
Leverage Part 2: The Dark Side!
So now that you are all hot and bothered about getting an investment loan (aka leverage), let me take you down a notch! (Trust me, it's for your own good...) :) Okay, so let's now say that Greg, who …
What is "Diversification"? There is more to it than you might think!
Diversification basically means not putting all your eggs in one basket. If you hold only one stock and that company went bankrupt, then you would have lost all your money. If you hold two stocks and …
Continue Reading about What is "Diversification"? There is more to it than you might think! →
What is an RRSP?
RRSP stands for "Registered Retirement Savings Plan". It is a type of savings or investment account which was designed for Canadians to facilitate retirement savings. It is "Registered" with the …