DIY investing

Switching to Questrade

Switching to Questrade, is it worth it?

Every January and February, Questrade blasts its ads everywhere. You’ve probably heard them on the radio or seen them on television. To be honest, the ads are quite effective since they always show how people are getting ahead by lowering their fees. Some of the scenarios may be over the top, but there’s no denying…

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What is an NFT

What is an NFT? Guide to NFTs and How They Work

What is an NFT? If you are following anything in the finance world these days, there is no doubt you have heard about NFTs or non-fungible tokens. Stories about things like digital monkeys and rocks selling for thousands if not millions of dollars. So, what the heck is going on? What are NFTs? Here’s a…

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How to Transfer Your RRSP to Another Financial Institution

Have you ever wondered how to transfer your RRSP to another financial institution? It’s a legit question and you may want to do it for a variety of reasons. Some people may prefer to have all their finances with a single bank while others are likely tired of fees or lack of returns from their…

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RDSP Grant and Account Explained

RDSP Grant and Account Explained

Canada has a number of grant opportunities for Canadian residents, one of which is the RDSP grant. RDSP stands for registered disability savings plan and is meant to be a long-term savings vehicle for disabled Canadians. The RDSP grant is a handy program offered by the Government of Canada to help eligible individuals save. Here’s…

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management expense ratio

Understanding Your Management Expense Ratio (MER)

One of the most commonly talked about topics in the personal finance world is fees. Most people realize that you’re going to pay a fee since you’re getting a service, but you may be shocked to find out how much you’re paying in fees. Eliminating small daily fees are great for improving our cash flow,…

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What is cryptocurrency

What is Cryptocurrency? How it works

Have you wondered what is cryptocurrency? While cryptocurrency seems like a new, payment method for many of us, the concept of cryptocurrency actually dates back to the late 1980s. However, it wasn’t until October 2008 when an entity known as Satoshu Nakamoto published a white paper called Bitcoin- A Peer to Peer Electronic Cash System…

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Employee-Stock-Purchase-Plan-ESPP-Explained

Employee Stock Purchase Plan (ESPP) Explained

An employee stock purchase plan (ESPP) is a lucrative benefit that’s offered by some employers. If you’re fortunate to have access to an ESPP, you’re essentially being offered free money, and who doesn’t like free money right? There’s no denying the financial benefit of an ESPP, but it’s not a guarantee. Stock prices can go…

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What is a Mutual Fund? Everything you need to know

Have you ever wondered what is a mutual fund? It’s easily the most popular type of investment product, yet many people have no idea what they are and how they work. While that may sound surprising, it shouldn’t be since most people let their financial advisor or financial institution make investment decisions on their behalf.…

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Canadian Discount Brokerages

How to choose between Canadian Discount Brokerages

If you’re a Canadian investor who is looking to DIY their way to a respectable nest egg, then deciding which of Canada’s online brokerages you use is one of your first (and most impactful) decisions. After many years of trying to convince Canadians that they need to cut costs to the bone and drop their…

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7 Things You Need to Know About Cryptocurrency

**Today’s sponsored guest post comes from the Canadian Securities Administrators (CSA). This has been reviewed and approved by Moneywehave.com Cryptocurrencies are a hot topic of conversation these days and have been since the beginnings of bitcoin in 2009. While they may seem like an exciting prospect, there are a few things you should consider before…

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