DIY investing

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 a Mutual Fund?

When it comes to investing, one of the most popular products, if not the most popular, is a mutual fund. This type of investment product is available to all investors, but many still don’t know what is a mutual fund. To simply put it, a mutual fund is an investment product that consists of stocks,…

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How to Transfer Your RRSP to Another Financial Institution

Now that the RRSP season is officially over, although technically there is no RRSP season, I want to focus on a subject that many people wonder about. How to transfer your RRSP to another financial institution. At first glance, making the switch may appear difficult, but it’s a surprisingly easy process. Generally speaking, all you…

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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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Why I’m Afraid of the Next Bear Market

**Today’s post is from my friend Markus Muhs, a CFP, CIM, Investment Advisor, and Portfolio Manager with Canaccord Genuity Wealth Management. I’ve known Markus for years and he’s one of the first people help me become financial literate and I’m thrilled to be sharing a guest post from him. First a disclaimer: I’m a financial advisor.…

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How is Cryptocurrency Taxed in Canada?

**Note, I am not an accountant, nor am I an expert on cryptocurrencies. You should seek the advice of an accountant with experience in cryptocurrencies if you have any serious questions or concerns. With the explosion of Bitcoin, Ethereum, and whatever other cryptocurrencies that currently exist or will come to exist, many people are starting…

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Risk Tolerance and the Responsibility of Online Investing

**This is a sponsored post written by me on behalf BMO InvestorLine.  The idea of an investor’s risk tolerance can be kind of tough to define and is even more difficult to accurately determine. The problem is that when the stock market is doing well (aka “a Bull Market”) we’re all much more likely to say…

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Boring Finances are the Best Finances

Over the last couple of months, I’ve noticed a trend on my blog which has bothered me a touch. I haven’t been writing many personal finance stories. Don’t get me wrong, I’m writing posts on topics which I think are important including emergency funds and budgeting, but I haven’t written many pieces on how my…

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Why You Won’t get a Net Worth Update From me

I read a lot of personal finance blogs, and one theme that’s common with many of them is providing a monthly net worth update. The idea is that by providing monthly updates, they’re being transparent while providing inspiration. If your favourite blogger is saving so much money, you can too right? To be honest, I…

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It’s Okay to not Know Everything About Money

I recently took part in a Twitter Party where the focus was on online investing. What I noticed was that a lot of participants had similar questions. More specifically, many of them wondered if they should even bother with investing since they didn’t know that much about money? The short answer is yes, but the…

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