Archive for May 2021
What’s In Your Wallet?
I’m a self-proclaimed rewards card junkie and always try to optimize my purchases to get the most points or cash back on regular spending. I watch for juicy credit card welcome bonuses and time my new credit applications around big annual purchases like our home or auto insurance so I can easily meet any minimum…
Read MoreWeekend Reading: Bidding War Insanity Edition
House prices across the country continue to soar. The average price for a home in Canada reached $695,697 in April, up an incredible 41.9% year-over-year. Ontario is driving the majority of those gains, as the province’s average price rose 46% during the same period. Would-be homebuyers are getting into bidding wars and paying several hundred…
Read MoreAccepting Market Returns
A few readers have expressed concern about their recent investment performance. In most cases, these investors are holding a sensible, low cost, globally diversified portfolio of index funds ranging from conservative (40% stocks, 60% bonds) to balanced (60% stocks, 40% bonds). One reader said: “Psychologically, it’s tough to put money in when returns have been…
Read MoreWeekend Reading: Projected Inflation and Investment Returns Edition
FP Canada issues guidelines every year to help financial planners make long-term financial projections for their clients that are objective and unbiased. The guidelines include assumptions to use for projected inflation and investment returns, wage growth, and borrowing rates. It also includes “probability of survival” tables that show the life expectancy at various ages. The…
Read More