It’s a crazy question to ask. I mean, $2 million is a LOT of money, right? You should absolutely be able to retire comfortably with that much money! Except that it isn’t as much as it used to be. Over the years, inflation eats away at the value of our money, and the purchasing power of a number as impression as $2 million gets lower and lower. But is it still enough to retire on? Let’s take a closer look.

Cryptocurrency has taken the financial world by storm over the past decade, offering unprecedented opportunities for profit and innovation. That said, a raging debate surrounds the nature of crypto: is it really a form of investing, or nothing more than a high-stakes gamble? In today’s post, we'll delve into the arguments on both sides of the spectrum.

For many of us, investing can feel like a chore. It’s generally thought of as something you have to do, not something you want to do. But what if we could change that? Wouldn’t investing in your future be easier if it were something you actually looked forward to doing? Luckily, there are ways to do exactly that. Here are three easy ways to gamify your investing efforts and hack your psyche so that you actually look forward to doing it.

Say you’re an investor who’s just starting out. You don’t have a ton of money to invest, but you know that you want to own individual shares of companies you admire. Think you’re out of luck? Think again. Today we’re going to dive into the topic of fractional shares, which are a game-changer for beginner investors.

The financial markets are all over the map these days. One week they’re soaring upward because something dropped in the news about inflation numbers, and the next they’re crashing through the floor because, well, inflation numbers. Amid all of this, it can be tempting to try and time the market – that is, to buy when you think the market is low, and sell when you think it’s high. That’s super-risky. Here’s what you should do instead.

Once upon a time, Financial Advisors played a very specific role for their clients. Their job was to understand your financial situation, explore investment options, and then make a recommendation back to you as to how best to invest your money to meet your goals. That role is changing, though. Let’s take a look at the forces at play, shall we?

I was looking at some research from the Co-Operators recently that highlighted something that has always been rampant among Canadian culture: we place a lot of pressure on ourselves to appear financially savvy. And I have a feeling that’s not just a Canadian thing, either. Everyone knows that personal finance is important, but we do such a bad job as a society of making access to knowledge on the topic available that it feels like our only choice is to pretend like we know what we’re talking about.

Dollar-cost averaging is a term that was made popular by David Chilton in his most famous book, The Wealthy Barber (which by the way, I recommend to anyone who asks me what they should read for their first personal finance book). It can be tricky to grasp at first, but the benefits are clear once you wrap your head around it. So what is dollar-cost averaging, and why should you do it?

I have a bit of a love-hate relationship with GICs. They have plenty of drawbacks that limit their use cases, but at the same time I can see the role that they can play in someone’s personal financial plan. So what do you need to know about GICs and when to use them?