…affect your financial decisions? Loss aversion can affect many areas of your financial decision-making. Here are a few examples: Making investing decisions – To avoid losses, many people will refuse…
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Confirmation bias: A fundamental risk to your investing decisions
…is because we tend to want our beliefs to be consistent and correct. Confirmation bias helps us accomplish this. It also simplifies information processing, which saves us time and effort….
Budgeting in retirement
Planning for retirement starts with knowing what you earn and what you spend. Use this budget worksheet to see the difference in your income and costs before and after you…
Calculate your RESP savings
Use this calculator to estimate your child’s future education costs, and compare with your planned RESP savings. Post-secondary education costs can add up quickly. When you’re saving for a goal…
Should you pay debt or invest?
…or financial gifts during a holiday. Use this calculator to help decide whether you should use it for investing, or pay down debt first. Pay down debt or invest calculator…
Saving or investing for short-term goals
…can save or invest to reach your short-term goals. Cash equivalents are a type of asset class that are often used to invest for short-term goals. You can use bank…
Social influencers and your finances
Just because someone has a lot of followers doesn’t mean their advice is right for you. Social media influencers are increasingly sharing information about investing. This can be done by…
Tracking your investing returns
…fees you paid over a specific period of time. The rate of return is often calculated annually. It’s important to know your rate of return because: It shows how much…
ESG ratings and retail investor decision making
…with your priorities and avoid those that don’t. ESG funds use different strategies to achieve their ESG objectives. Some funds focus on a specific area of ESG, rather than all…
Digital tokens: A reality check
…useful way for some companies to raise money, outcomes for people who have bought these tokens have been mixed at best. Many tokens don’t generate any returns at all Despite…