Super Brokers News
Investing for Young People Part 2: The Difference Between Stocks, Bonds and Mutual Funds
By: Elias KellendonkHow to Pick your Stocks Now that your child is proficiently handling their chequing account, making debits and deposits responsibly, and has assessed their risk tolerance, it is time to locate an investment vehicle that will see their savings dollars grow. While an allowance and monetary birthday/holiday gifts might line the accounts, authoress Katherine R. …
Investment Strategies for Young People
By: Elias KellendonkHelping Your Kids Get into Investing Early In this Internet-dominated, economy-fearing age it may be possible that your kids will out-know you in terms of stocks and trading before they finish grade school. American author Katherine R. Bateman suggests in her book, The Young Investor: Projects and Activities for Making Your Money Grow that no …
What is TFSA: Why Canadians should be Investing Tax-Free
By: Elias KellendonkHow will the Canada Tax Free Savings Account Guard your Retirement Funds? Registered or unregistered – that seems to be the question as Canadians plan and gear their savings and investment accounts toward retirement. Most experts advise that your investments gain a return in excess of two per cent in order to beat annual inflation. …
Bank of Canada Holds Prime Rate in Face of Unpredictable Global Climate
By: Elias KellendonkBank Steadies itself as Possible Domino Effect Threatens European Economies What a large number of analysts have been predicting for months has proven true; the Bank of Canada has opted to keep its benchmark, overnight interest rate at 1 per cent. The rate announcement came with a message: at present, combating inflation needs take a …
Stampede Buzz of Activity Could Mark Economic Recovery
By: Elias KellendonkLocal Businesses see Up-Surge of Corporate Spending Is it the enchantment cast by the recent visit of the Duke and Duchess, which sadly ends today, or an indication that the City of Calgary is enjoying better economic times? According to yesterday’s Calgary Herald, the answer lies in the latter. The Herald highlights the fact that …
Improve Bad Credit in Six Easy Steps
By: Elias KellendonkCredit score is one of the major players in determining the amount of financing and interest rate you are eligible to receive. Credit history proves to lenders how reliable you are when granted funds. Leading up to your mortgage application, there are six, quite simple steps you can take to help improve your credit rating. …
Drunk Driving Highest in Interior BC Towns, Not Urban Areas
By: Elias KellendonkAccording to ICBC investigation records, as accessed by Global News in an exclusive investigation, the postal code areas showing the highest rates of alcohol-related suspensions are within interior towns, not heavier populated urban areas. The top 10 highest volumes of alcohol-related suspensions per postal code – ranging from 12-hour license suspensions to impaired driving causing …
How to Calculate Mortgage Penalties
By: Elias KellendonkThere are numerous good reasons as to why mid-term you may be considering the option of breaking your mortgage. You may have found yourself in need of extra finances, have located a much better rate, are aiming to consolidate high interest debts, are interested in early renewal or are paying out the balance of your …
Building up your Retirement Emergency Fund
By: Elias KellendonkAccording to an Ipsos Reid Retirement Risk survey conducted earlier this year, roughly 72 per cent of Canadians approaching retirement are concerned over how they will maintain a comfortable standard of living through their retirement years. Most Canadians are additionally anxious that their savings will not be sufficient in covering needed health care expenses. Sun …
Canada Housing Prices Predicted to Fall Up to 25%: Capital Economics
By: Elias KellendonkFirm Declares Property Values no longer Sustainable The independent research firm Capital Economics has warned Canadians that housing prices are on the verge of a weighty fall, as stated in an article that appeared yesterday in the Financial Post. The firm’s report announced that property prices have “lost touch with fundamentals”. Coupled with record household …