My thoughts on Banks

Investments
Are banks helping? Banks of all kinds are absolutely necessary in todays world.  Even people without a chequing account need to cash their pay checks somewhere.  The only people who can really get away from banks only deal in cash and are taking the risk of someone straight up just taking all their money from wherever it's stored away.  The point being, most people deal with a bank for one thing or another.  Taking this into consideration its no surprise that the wealthiest industry in Canada is our fantastic banking system.  Mostly public companies, the banks keep our money safe and help us save for retirement...right?  Consider this for a second: banks are a business.  Nothing more and nothing less.  Banks aren't the trusted safe havens they once may have…
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My thoughts on Trading

Investments
There is a type of financial instrument called a share.  Shares are nothing more than a unit of account.  Shares come in different forms such as stocks, mutual funds, exchange traded funds and real estate investment trusts.  These shares are traded on public exchanges such as the TSX, TSX-V, NYSE and NASDAQ.  To acquire shares of a security, it's as simple as opening an account with a broker who deals in financial instruments.  Once funds are in the account, it's wide open to explore many different forms of equity or assets in the form of shares.  The value of shares can increase or decrease over time so it's recommended to be extremely particular of where capital is allocated.  I believe trades can actually be made quite simple when broken down.…
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How to SAVE your first $100 for Investing!

Investments
This post was written by a great friend of mine out here in Atlantic Canada.  The author is very experienced in living frugal to save money for investments.  He has a well developed conservative portfolio built from a number of investment products and stocks. How to save your first $100 in 15 steps No savings? 15 Money tips for people that have no savings to make them richer in 2017: 1. To many, a car is necessary, but if you can rid yourself of car payments, gas, insurance, etc., you will save a huge chunk of your monthly income. Take the bus if possible, if able to walk, do so. You will save on money and get exercise. You might be able to say goodbye to monthly gym costs. 2.…
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My thoughts on Dividends

Investments
Dividends Dividends are an amazing tool for building wealth while also creating a future passive income stream. What they are is a sum of money paid to shareholders out of a company's profits, often in regular intervals.  Therefore, just for having money invested in a company, they pay you a portion of the profits every month, quarter or year.  There are also occasionally special dividends that are a one time payment to shareholders, sometimes this happens after a company sells off assets or otherwise gains a windfall of profits. Not all companies pay dividends, the ones that do are usually "safer" more "stable" companies.  For the banks, telecoms and utilities I think this holds true here in Canada.  However, not all sectors are as well established, look for larger, older…
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My thoughts on Mutual Funds

Investments
Mutual funds   Mutual funds have a place in this world for those that are too busy or aren't interested in managing their own investments.  If this is you then by all means just stick to mutual funds at one of the larger banks and ensure the fund has a good track record.  Still do some due diligence when purchasing mutual funds.
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