Author Archive for: Advisorsavvy

Picture it: You graduate from university and start working, learning to save and invest. Next thing you know you’re married and starting a family. Finally, you’ve built up considerable savings or maybe even started a business. You start thinking about wealth preservation. You want to be sure your assets can be passed down to the next generation —i.e. generational wealth. What does this process look like? We’ve outlined 8 tips to help. What is generational wealth? Generational wealth refers to the assets —cash, real estate, investments, small businesses, etc —that you pass to your children/grandchild. In turn, they’ll pass this wealth to the generation after, and so on. This type of wealth is often called ‘legacy wealth’ or ‘family wealth.’ How much money qualifies as ‘generational wealth’? As Willful explains, “for any amount of wealth to be considered generational wealth, it simply has to be passed down by at least one generation.” Here is an example they use: “If you

Investing money is a great way to build your wealth over time. It can also help you stay ahead of inflation in many cases. If you have an extra $1000 or have saved up $10,000 — or even $100,000 — you have plenty of options for investing. Our guide will explore how to invest different amounts of money, but also help you make the right investment decisions. Is it better to save your money or invest it? While we know investing can be a great way to build your wealth over time, there are also some risks. Because of this, many people wonder if it is better to invest or simply save their money in a bank account where it is safe from potential losses. Saving your money is good, and everyone should have some emergency savings available. Investing is generally a better idea for those looking to see their money grow over time. See, most savings accounts only offer

Investing is a fantastic way to grow your wealth over time and protect yourself from rising inflation. There are many ways to invest, but one of the best and most popular are certainly ETFs (exchange-traded funds). ETFs are a great way to diversify your portfolio, manage your risk, and keep your investing-related costs relatively low. However, choosing the right one isn’t always easy. There are many choices out there! Of the options, BMO ETFs and Vanguard ETFs continue to be among the most popular. But which is the best? Read on to learn more about both BMO ETFs and Vanguard ETFs, as well as how they stack up against each another. What is an ETF? First, let’s take a closer look at ETFs. These are pooled investments that operate quite similarly to a mutual fund or index fund. These will generally track a particular index or sector. For example, an S&P 500 ETF will track the S&P 500. These can

Sound investment advice can be found in the best investing books for Canadians. These are written by people who have ‘been there, done that’ in the finance and business sectors. Investment books can become your own playbook for the common sense of investing when you learn from the knowledge and experience shared.

With advancements in technology, fintech has become accessible to the average Canadian. One of the platforms that can be used to buy and sell investments is Qtrade Direct Investing. However, there are other options available on the market, all with varying features, benefits, and drawbacks. To learn more about Qtrade’s service and how it compares to others, continue reading the full review below. What is Qtrade Direct Investing? Qtrade Direct Investing is a Canadian, online, discount brokerage firm based in Vancouver, British Columbia. It is a subdivision of Credential Qtrade Securities Inc. The online brokerage is also affiliated with Aviso Wealth which is among Canada’s largest independent wealth management firms. They provide financial management services to over 150 financial institutions and are backed by Desjardins group. Over the years, Qtrade has won many awards and gained a reputation as one of Canada’s best online brokerages. The company offers a web interface and an app for both Android and iOS devices.

In Canada, there are many ways that people can invest their money. One popular choice is real estate. However, not everyone has the funds, time or energy, to invest in their own individual property. For these investors, a REIT (real estate investment trust) can make sense. A REIT investment in Canada can be a great way of diversifying a portfolio and participating in real estate investments, without having to manage or finance a property on your own. Our guide offers a closer look at REIT investing, while also going over our picks for the best Canadian REITs to consider in 2024. What are real estate investment trusts (REITs)? Before we look at some of the best Canadian REITs for 2024, you might be asking ‘what is a REIT?‘ As mentioned above, REIT stands for real estate investment trust. These are companies that own or manage properties that generate income in one way or another. These companies are publicly traded, and

More and more people are becoming interested in green energy in Canada. Many try to use renewable energy and resources when they can, to help the planet. But not only are people using green energy to power their homes and businesses. They are also putting their money into it. There are many ways of supporting this industry. One of the most popular? Investing in companies within the industry. Have you considered adding renewable energy stocks and/or green energy stocks to your portfolio? With many companies focused on providing green and renewable energy throughout the country, what are the best renewable energy stocks and green energy stocks in Canada? Let’s take a look at some of the best options out there, and learn more about renewable and green energy as a whole. What is renewable energy? Before we look at some of the best of these stocks in Canada, it is a good idea to take a closer look at renewable

Can you hire someone to invest for you? You sure can! There is, however, a cost for this kind of service, better known as investment management fees. Before paying for financial advice, it’s helpful to understand how these investment costs work. By the end of this guide, you’ll have an understanding of how to approach investment management fees in Canada. What are investment fees? Investment fees are the costs incurred when using financial products. Sometimes this could be financial advisor fees or it could be costs to use an online platform. In addition, there are many kinds of investment fees, such as broker fees, trading fees, and commission fees. Normally, reasonable investment fees are incurred to turn a profit on the use of financial products. For this reason, considering fee structures is an important step in any investment decision. Otherwise, the fees you pay may cut into your profits significantly. But remember: fees aren’t the only aspect to consider when

The cryptocurrency industry has exploded in popularity recently, and many crypto assets have been growing dramatically. Unfortunately, purchasing cryptocurrency involves a bit of work, and can be complex to buy in some cases. However, there is a way of participating in the crypto space without having to trade any yourself, and that is through a cryptocurrency ETF. These mimic the price of cryptocurrency and are much simpler to buy and trade than the crypto asset itself. There are a number of cryptocurrency ETFs in Canada that make it easy to get involved in the growth of this blossoming industry. But which ones should you consider investing in? Our guide takes you through some of the best cryptocurrency ETF options on the market, and how you can start investing. What are ETFs? Before we go any further, it’s important to understand what an ETF is. ETF stands for exchange-traded fund. It’s a pooled investment that works similar to a mutual fund,

Investing in gold has long been a popular way for people to diversify their portfolios and safely grow their hard-earned money. However, many people may not be aware of exactly how to invest in gold. While there are a few ways, one of the best and simplest is to invest in a gold exchange-traded fund (ETF). Gold ETFs are funds that consist of gold and operate like traditional stocks that can be bought, sold, and traded on various exchanges. This guide is going to look at the best gold ETFs in Canada, and help you learn more about investing in gold. Is gold a good investment in Canada? In general, the answer is yes. There are a few reasons why gold is (and has long been) a good investment in Canada. First of all, it is a long-term store of value. Investors can have peace of mind knowing that the investment will rise over time. It performs very well in