Financial advice you can understand.

TAKE CONTROL OF YOUR FINANCES

Managing your money and investing wisely for your future doesn’t have to be complicated or take up a lot of your time.

the plan

Let’s keep it simple.  The goal is to help you get your finances in order and then you don’t have to worry about them, but once a year.  Learn more

WTF is an ETF?

WHAT IS AN ETF AND WHY DO I CARE? For many people out there, ETF might as well stand for Extra-Terrestrial Fund. Let’s break it down so we’re all on the same page: ETF = Exchange-Traded Fund Exchange-Traded = something that is actively traded on an exchange, like the Toronto Stock Exchange(TSX) Fund =
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WTF is an ETF?

My Journey With Wealthsimple

Startups will have issues. This is an inevitable truth. I believe the difference between a startup that makes it and one that doesn’t can be summed up in two words: Customer Service I’m the type of person that will only contact customer service after I’ve read all the FAQs and have done
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My Journey With Wealthsimple

Want to save money fast?  Live with your parents and have no expenses…

And work 40 hours a week at night while going to school during the day…And get only 4 hours of sleep a night then get up and drive to school…The Toronto Star thought it wise to publish an article about this 20 year-old guy who lives with his parents and
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Want to save money fast?  Live with your parents and have no expenses…

Deferred Sales Charges Kicked Me Where It Hurts

HOW I FELL INTO THE DEFERRED SALES CHARGE TRAP5 years ago, when I left my job at the time, I transferred my pension amount into a Locked-In Retirement Account (LIRA) at Investors Group (IG). I wasn’t fully aware of my options then, but my advisor recommended one of IG’s standard mutual funds,
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Deferred Sales Charges Kicked Me Where It Hurts

The Cellphone Contract Renewal:  A Tragic Story of Confusion

Scene: Beau’s 2-year cellphone contract has just expired. He wants to upgrade to one of the top devices, so he calls his telecommunications company to see what kind of deal they have for a new 2-year contract with an awesome new phone. Lucifer: Hi, thank you for calling today, my name
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The Cellphone Contract Renewal:  A Tragic Story of Confusion

IF IT LOOKS LIKE A PAYDAY LENDER, AND QUACKS LIKE A PAYDAY LENDER…

On the surface, MOGO and CashMoney are very different. If you go to their respective websites, MOGO is about “getting financially awesome” by offering you “personal loans that can put you in financial control”. CashMoney is 100% upfront on their site about being a payday loan company where you can get quick
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IF IT LOOKS LIKE A PAYDAY LENDER, AND QUACKS LIKE A PAYDAY LENDER…

BANK WAIVES INSANE $29.95 MONTHLY FEE IF YOU GIVE THEM $5,000 TO KEEP FOREVER

The TD all-inclusive chequing account looks like a great deal: TRANSACTIONS: All transactions are free – up to a $804.50 value per year. Includes a free safety deposit box and personalized cheques. Whoa. CREDIT CARD: They waive the annual fee on one of 5 top TD credit cards. Up to $120 per
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BANK WAIVES INSANE $29.95 MONTHLY FEE IF YOU GIVE THEM $5,000 TO KEEP FOREVER

“FREE” IPAD FROM RBC WILL COST YOU AT LEAST $194.35

Open an account with RBC and get a free iPad mini 2! Sounds like a great deal on the surface, but is it? Let’s look at the details: Fine print says: iPad mini 2, 16GB, WiFi, Model #:A1489 (“iPad”) That’s $329 CAD at the Apple store. Not too shabby for a promotion.
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“FREE” IPAD FROM RBC WILL COST YOU AT LEAST $194.35

Who’s Buying Ontario Savings Bonds?

Not me!But I have a long time horizon and have no need for super-safe investments at this time in my life. My profile is more of a balanced portfolio with moderate risk, since I have at least 25 more years before I would think about selling stuff and using it
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Who’s Buying Ontario Savings Bonds?

Payments cannot be made on a hourly basis…for advertising purposes only…

The automotive industry has some of the sneakiest and most confusing advertising practices out there. Here is my recreation of an actual ad in a newspaper: LEASE FROM $258 MONTHLY WITH $0 DOWN. THAT’S LIKE PAYING ONLY Notice something in the red box? The little ~ thing. It’s called a tilde. The
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Payments cannot be made on a hourly basis…for advertising purposes only…