You can be wealthier than you think. Spend less than you earn. Or earn more than you spend. Invest the rest.

How do we measure wealth? Think of it as the number of weeks / months / years we can pay for rent, phone bill, food and transport without having…

Can I claim? Which to claim? How to claim?

The previous discussion was about Saving Accounts. This was to be about Chequing Accounts.

The pandemic stepped in-between and threw a spanner in the works. For health and safety reasons Governments shut down the economy. It’s been 66 days and today was the first day of reopening in Toronto.

7.8…

Spend less than you earn after tax

In our previous discussion we concluded we have to open a saving account with a financial institution which pays throughout the year at an interest rate more than the inflation rate.

Canada’s big 5 banks in Tier 1 are Royal Bank of Canada [RBC], Toronto-Dominion Bank [TD], Bank of Nova…

Should we save?

I am not an accountant. I have no background in finance. I am not even a writer.

So why am I writing this? Because I followed the advice of certain financial advisors and ended up with less money than I would have by just leaving it in my bank. …

Analyzing the top three low-cost providers

If only fees are considered, Nest Wealth is more expensive than Wealthsimple till CAD 270,000
Graph 1: If only fees are considered, Nest Wealth is more expensive than Wealthsimple till CAD 270,000

There are hundreds of discussions every month on this topic. Most have been focusing on Nest Wealth and Wealthsimple as low fee options; Questwealth is a relatively recent addition, having been launched 5 years later.

Are robo-advisor fees the only factor contributing to cost? Turns out that there are a…

Sandip Panja

Engineer analyzing investments

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