TikTok is a swamp of bad financial advice, and experts are fighting back
Dr. Brad Klontz first heard about TikTok through his teen nephews. After they showed him some animal videos, he kept scrolling and watching more posts. Before long, the financial psychologist — who helps patients deal with money-related stress — stumbled across one user promoting day trading. “I was sort of blown away because I thought […]
All this talk of tariffs and market volatility may have you thinking: If the stock market crashes, what’s an investor to do? Here are 3 things to be mindful of
The economic uncertainty caused by President Trump’s repeated threats of across-the-board tariffs on Canadian imports, alongside our nation’s retaliatory response, has been negatively impacting the Toronto Stock Exchange (TSX). Per recent Morningstar reporting, on March 4, the S&P/TSX Composite Index with a net loss of 429 points. A potential trade war with the US has […]
US Treasury Secretary Scott Bessent claims the American dream isn’t ‘let them eat flat-screens’ or ‘cheap baubles from China’ — says Trump is focused on mortgages, cars, real wage gains
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Escalating trade tensions under President Donald Trump have dominated headlines, with critics warning that American consumers will bear the burden of higher prices. But Treasury Secretary Scott Bessent argues […]
Warren Buffett dumped 2 US-based investments he’s long recommended — should you follow his lead?
Warren Buffett is not only one of the savviest investors of our time, but also one of the wealthiest. Known as "The Oracle of Omaha," he has an estimated net worth of over USD$160 billion. One reason why he’s gained such a dedicated following is because of he doesn’t chase returns but, rather, advocates for […]
I’m 58 and plan to retire in 5 years with a portfolio worth $2.5 million. I expect annual dividend income of $80K but worry this strategy too risky
Close to retirement with a nest egg of more than $2 million? No wonder you’re thinking about retiring! To put this in perspective, you’re 58 years old with a $2.5 million saved in an investment portfolio — this is more than four times the savings for the average Canadian. According to Statistics Canada, the average […]
Many Canadians are simply unaware of the realities of tipping
Like it or not, the reality is that tipping is an important part of how service workers are able to earn enough money to try to make ends meet in Canada. While an H&R Block survey reveals strong support for tipping culture, there is not only a sense of fatigue among Canadians, the survey reveals […]
Bill and Melinda Gates gave their kids a strict ‘middle-class’ upbringing, refused to just ‘buy them things’ with their billions — here’s how to set your kids up for success
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Raising self-reliant children can be challenging, especially for wealthy families. Kids who grow up in households with vast resources may struggle to see the value of personal achievement. "I […]
I’ve never owned stocks but I’ve saved $265,000 in cash. How can I ‘set and forget’ my life’s savings so I can live off dividends in the next 3 years?
Invest, invest, invest! That’s the advice that we always hear when it comes to growing wealth. But let’s be real: The stock market can be intimidating. According to a 2024 Ipsos poll only 56% of Canadians feel comfortable investing their own money. Turns out 1 in 4 (25%) of investors who do not feel comfortable […]
Billionaire investor Mark Spitznagel, who predicted the last two market crashes, warns of impending Black Swan bubble burst in the equities market
Mark Spitznagel wasn’t surprised when USD$6.4 trillion was erased from global stock markets this past August. That’s because the noted Wall Street “permabear” — a term used to describe an investor who assumes the value of stocks and shares will fall regardless of market conditions — anticipates a major market crash due to the "greatest […]
Here are 5 big things that disappear after you retire in America — are you prepared to lose them all?
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Retirement is supposed to be the reward after decades of hard work. Morning alarms, office politics and exhausting commutes … gone. The idea of finally having full control of […]