your personal finance guru for financial independence
When it comes to investing in the stock market, you have many choices when it comes to industries. From oil & gas to real estate to aviation to technology to utilities to retail. Unquestionably, banking is one of the better industries among the lot. Banks are an integral part of the modern financial system and […]
Wealthsimple Trade is one of the best stock trading platforms in Canada, possibly even the best. However, if you are thinking about opening a brand new Wealthsimple account, you do not want to miss this article! Wealthsimple Platform Wealthsimple is an all-in-one personal finance platform. Why we call it an all-in-one platform is because it […]
When it comes to dividend investing, one of the most important factors is the dividend yield. The question is ‘how much of a dividend yield’ should you target? Most reputable companies pay less than 2% per annum. For example, Apple Inc. pays 0.62% per annum. This might not even be sufficient to cover the degrading […]
If you are a dividend investor, getting that sweet dividend snowball rolling is the ultimate goal. Once the snowball gets going, you just have to sit back and watch your portfolio grow exponentially. At some point, the dividends will have earned you more returns than your own investments have. This is truly about making your […]
All Canadians love their Tax-Free Savings Account or TFSA. This is an amazing investment tool devised by the government of Canada to encourage Canadians to invest and grow their money without undergoing taxes. It’s that simple. However, one of the strictest rules the Canada Revenue Agency (CRA) imposes on TFSA is the contribution room or […]
The Tax-Free Savings Account or the TFSA is an amazing investment tool developed by the government of Canada to encourage its residents to save money. The primary benefit of a TFSA is that it helps you grow your money tax-free. i.e. any income or gains within your TFSA investments will be exempt from taxes, even […]
Are you planning to start your investing journey? More precisely, your dividend investment journey? Confused as to where to start and what stocks to pick? This article might help you. First of all, if you want an online broker and you wish to manage your investments by yourself, you can join Wealthsimple Trade. It is […]
Every investor wants one thing out of their investments–grow or multiply their money. Two ways you can go about this is through investing in growth stocks or in dividend stocks. Either will grow your deposits and make money work for you, and not the other way around. Investing in dividend stocks is possibly the easier […]
Making $1,000 as a passive source of income is definitely a milestone achievement for most. It certainly is a substantial amount to support some of your personal expenses, which is the goal of personal finance. Earning $1,000 through investment returns is one of the easiest ways to make a passive income source. However, you still […]
Earning $2,000 a month with a passive income source such as dividend income is a dream come true. This is entirely possible, and we have talked about even higher goals such as $3,000 a month, $5,000 a month, and even $10,000 a month. 2,000 dollars a month is still an excellent amount of money to […]