Financial Products

Mutual Funds 101

  Mutual funds are the all-in-one package of the investment world and can hold stocks, bonds, money market instruments, and cash all inside one fund. As an investor, you can purchase units (or shares) of a mutual fund and gain exposure to the underlying investments all in one go, with the number of units you…

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Exchange Traded Funds 101

  Low fees, diversification, and liquidity are just a few of the buzz words that come to mind when describing this relatively new investment vehicle, the Exchange Traded Fund. Being traded on major stock exchanges (where the name Exchange Traded comes from), this fund gives new investment opportunities for both first time investors and professionals…

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Guaranteed Investment Certificate 101

  A GIC, or Guaranteed Investment Certificate, is a low-risk investment that is basically the next step up from a savings account at your local bank. Instead of depositing money as you would into a savings account for the sake of saving at a low interest rate, when depositing money with a GIC, you are…

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Registered Education Savings Plan 101

It appears attending post-secondary education is the obvious choice for our young people across Canadian provinces and what used to be a privilege only for the wealthy, has now become the first next step for many who are graduating high school. Apart from scholarships, this can be quite an expensive undertaking between the tuition costs,…

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Registered Retirement Savings Plan 101

Did you know? There was a time where the very idea of retiring was foreign to most Canadians. People would work their entire lives until they died or were too sick or disabled to continue any longer. Given the shortened life span of the average person prior to the institutionalization of retirement, there was simply…

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Universal Life Insurance 101

Universal Life Insurance came into play in the 1980’s to be a more flexible and transparent form of permanent life insurance than the original Whole Life product. Universal Life was created by the stock brokerage firm E.F. Hutton, not a life insurance company, and is without the guarantees Whole Life Insurance has to offer.  …

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Term Insurance 101

Term Insurance is the longest standing type of life insurance. It is considered a temporary form of insurance as its not intended to be maintained for all of life. The reason a person might purchase a Term Insurance policy, for example, would be to cover a financial need such as a mortgage during their younger…

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Whole Life Insurance 101

Understanding the basics of Whole Life Insurance is relatively simple. As the original permanent life insurance, Whole Life insurance is designed to be maintained until death, or 100 years, whichever comes first.  For example, if you are the person getting a Whole Life Insurance policy on yourself, it means that as long as you pay…

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A Beginners Guide To Purchasing Your First Home

  Owning a home is a dream that many share.  It provides a sense of security, pride of ownership, and potential for appreciation.  Over the years, Canadian real estate has proven to be a relatively safe investment, with tremendous long term gains.  Below is a comprehensive beginner’s guide to purchasing your first home.   You’ve…

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