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Archive for May 2012

What Are Segregated Funds?

Segregated funds – or seg funds – consist of a pool of investments in securities such as bonds and stocks, similar to mutual funds, but sold by life insurance companies. Segregated funds are owned by the life insurance company – not the investor – and must be kept separate (segregated) from the company’s other assets. Related:…

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Home Equity Line Of Credit: Friend Or Foe?

Last month, the Bank of Canada issued a report highlighting the explosive growth of home equity line of credit use and mortgage refinancing in the past decade, which have surged from $8 billion in 2001 to $64 billion in 2010. Canadians appear to be using these loans for two main reasons.  They are either paying…

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