If you’ve just opened a Tax-Free Savings Account (TFSA) and maxed out your $7,000 contribution room but aren’t sure what to buy, resist the urge to park it in a guaranteed investment certificate (GIC) that barely outpaces inflation. For beginners, my go-to choice is index exchange-traded funds (ETFs). These funds track broad market benchmarks made…
Sometimes the laziest investment methods are the most effective. And few strategies are lazier or more reliable than plunking $10,000 into an exchange-traded fund (ETF) that passively tracks the S&P 500 Index and letting time do the heavy lifting. No, this isn’t a globally diversified portfolio. And yes, it leans into America’s long streak of…
Image source: Getty Images Many Canadian investors exhibit what is known as a home-country bias, heavily weighting their portfolios with Canadian stocks despite the fact that Canada’s stock market accounts for only about 3% of the global market by weight. It’s not uncommon to find Canadians who hold 30-50% of their investment assets in domestic…