Wealthsimple: How I am using this robo advisor to invest for long-term
If you’re just starting with your investments, Wealthsimple guides you through the entire process. Similarly, if you are an experienced investor, Wealthsimple gives you multiple diversification options, along with the ability to set custom portfolios. If you need to contact support or require specific services, just reach out to their financial planners at the tap of a button.
Ways to Avoid CMHC Insurance Fees
For a large of number of Canadian homeowners, a portion of their monthly mortgage payment goes toward a mandatory CMHC (Canada Mortgage and Housing Corporation) fee. It is automatically added to the payment to cover mortgage default insurance. The result is an increase in the amount due every month. But there are creative ways to lower or avoid CMHC insurance for those who are required to have it in place.
Million Dollar Question: Should You Pay Off Debt Before Investing?
When it comes to debt, you can always hear different opinions. Some financial experts are strong supporters of the zero-debt life, whereas others suggest taking a hybrid approach. Here’s a short exercise that can help you choose the most suitable option.