In this section, you will find interesting articles that will cover diffrent topics related to finance, financial planning, and comments on current market events. We strongly encourage you to browse this section on a regular basis to keep informed and to gather additional information regarding your investments.ARTICLES: 2019 Canadian Federal Budget Highlights
In order to highlight the key differences of the new federal budget, National Bank Financial put in place this short document to summarize the Trudeau Government's new budget for 2019. Please note that an exhaustive list of all the changes can be found on the Government of Canada's official website.
Do you have too much cash in your portfolio?
Special Report, The Globe and Mail
Having too much cash in your portfolio could actually harm you in the long-run. You might think that it is a safe investment, indeed, but the opportunity cost you in this situation is not very advantageous. The 2000 Canadians surveyed by the BlackRock Global Investor Pulse reported that 60% of their holdings were in cash. For investors concerned about risk, financial blogger Tom Drake suggests a balanced portfolio of low-cost index funds.
Taking CPP early can reduce your monthly benefit by 36%
Preet Banerjee, The Globe and Mail
Should you elect to receive your Canada Pension Plan (CPP) benefits at age 60 or 70? The current standard start age is 65. In this article, Preet Banerjee shows the repercussions of starting the plan early versus delaying it for a couple of more years. The government will reduce monthly benefits for CPP taken prior to age 65, and will increase monthly benefits for delaying it after the age of 65.
More than two-thirds of employees (67%) are not discussing the financial impacts of becoming disabled, finds an RBC Insurance survey. And this is despite the fact that 95% of working Canadians agree that a diability could happen at any time.
The Amazing Power of Compound Interest
Libby Kane, Business Insider
This article explains the power of interest compounding. It emphasizes on the importance of early-life savings by showin the power of compound interest. By saving a nominal amount on a monthly basis, one can accumulate an incredible amount of wealth. A study conducted by JP Morgan showed this realtionship. Moreover, this article compares savings of two individuals: one having started at the age of 25 and the other at the age of 35; the results are astonishing. Finally, the article even goes as far as to show how much you would need to set aside to become a millionaire by retirement age.