…sell a stock, you borrow shares from your investment firm because you think that the price of the stock is going to fall. You sell the borrowed shares at the current price. And…
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How to make a complaint to get your money back
Are you unhappy because of financial service or advice you received, and you believe you may have lost money? Do you believe you may have lost money due to poor…
What to do if your child receives an inheritance
One of the lasting gifts grandparents can leave their grandchildren is an inheritance. If used wisely, this bequest can have a significant impact on their future. Big dreams – such…
Saving or investing for short-term goals
…You 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…
Loss aversion: Why people are so afraid of losing money
…refuse to sell stocks or other assets for less than what they bought them for (i.e., in the red) — even if it is a smart investment decision to do…
Be cautious with celebrity endorsements
Famous people are often used to promote products and services or to help raise awareness for events or special causes. Increasingly, some celebrities are endorsing investments or products marketed as…
4 signs of investment fraud and ways to avoid it
…under insider trading laws. 3. You feel pressured to buy Scammers frequently use high-pressure sales tactics — because they want to get your money and then move on to other…
Spotting fakes and verifying legitimate websites
…spot fraudulent websites. On this page you’ll find How do fraudsters use fake websites? How can you spot fake websites? Summary How do fraudsters use fake websites? You may receive…
How interest rates affect your investments
…how interest rates work for mortgages and other loans, but let’s take a look at how interest rates affect how you invest your money. The role of the Bank of…
Choosing an RESP provider
The company that sets up your RESP is called the plan provider or promoter. RESPs from a financial institution — like a bank, trust company, credit union, caisses populaires or…