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Financial Products

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 2y
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thewisebankercanada
Mutual funds are the all-in-one package of the investment world and can hold stocks, bonds, money market instruments, and cash all inside one fund. As an investor, you can purchase units (or shares) of a mutual fund and gain exposure to the underlying investments all in one go, with the number of units you own determining your piece of the pie. Money Market, Investors, Need To Know, Gain, Hold On, Instruments, Number, Products, Naruto Sad
Money Market
Investors
Need To Know
Gain
Hold On
Instruments
Number
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Naruto Sad
Mutual funds are the all-in-one package of the investment world and can hold stocks, bonds, money market instruments, and cash all inside one fund. As an investor, you can purchase units (or shares) of a mutual fund and gain exposure to the underlying investments all in one go, with the number of units you own determining your piece of the pie.
thewisebankercanada
thewisebankercanada
Financial Products
Low fees, diversification, and liquidity are just a few of the buzz words that come to mind when describing this relatively new investment vehicle, the Exchange Traded Fund. Being traded on major stock exchanges (where the name Exchange Traded comes from), this fund gives new investment opportunities for both first time investors and professionals who are looking for a more cost and tax efficient alternative to mutual funds. Vehicle, Alternative, Mindfulness, Names, Learning, Words
Vehicle
Alternative
Mindfulness
Names
Learning
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Low fees, diversification, and liquidity are just a few of the buzz words that come to mind when describing this relatively new investment vehicle, the Exchange Traded Fund. Being traded on major stock exchanges (where the name Exchange Traded comes from), this fund gives new investment opportunities for both first time investors and professionals who are looking for a more cost and tax efficient alternative to mutual funds.
thewisebankercanada
thewisebankercanada
Financial Products
A GIC, or Guaranteed Investment Certificate, is a low-risk investment that is basically the next step up from a savings account at your local bank. Instead of depositing money as you would into a savings account for the sake of saving at a low interest rate, when depositing money with a GIC, you are technically lending your money to a financial institution for a specific term with the intention of earning marginally higher interest rates in the meantime. Local Banks, Savings Plan, Debt Payoff, Financial Institutions, Helping People, Certificate, Accounting, Budgeting
Local Banks
Savings Plan
Debt Payoff
Financial Institutions
Helping People
Certificate
Accounting
Budgeting
A GIC, or Guaranteed Investment Certificate, is a low-risk investment that is basically the next step up from a savings account at your local bank. Instead of depositing money as you would into a savings account for the sake of saving at a low interest rate, when depositing money with a GIC, you are technically lending your money to a financial institution for a specific term with the intention of earning marginally higher interest rates in the meantime.
thewisebankercanada
thewisebankercanada
Financial Products
Tax-Free Savings Accounts are a great addition to the lineup of financial offerings provided by our government. First introduced in 2009, these accounts are easy to use with the money inside growing and being distributed tax free. What’s not to love? Financial Success, Financial Literacy, Saving Ideas, Money Saving Tips, Accounting 101, Bookkeeping Software, Savings Accounts, Tax Free
Financial Success
Financial Literacy
Saving Ideas
Money Saving Tips
Accounting 101
Bookkeeping Software
Savings Accounts
Tax Free
Tax-Free Savings Accounts are a great addition to the lineup of financial offerings provided by our government. First introduced in 2009, these accounts are easy to use with the money inside growing and being distributed tax free. What’s not to love?
thewisebankercanada
thewisebankercanada
Financial Products
It appears attending post-secondary education is the obvious choice for our young people across Canadian provinces and what used to be a privilege only for the wealthy, has now become the first next step for many who are graduating high school. Apart from scholarships, this can be quite an expensive undertaking between the tuition costs, books, housing and more. Education Savings Plan, Financial Planning, High School, How To Plan, Young People, Books
Education Savings Plan
Financial Planning
High School
How To Plan
Young People
Books
It appears attending post-secondary education is the obvious choice for our young people across Canadian provinces and what used to be a privilege only for the wealthy, has now become the first next step for many who are graduating high school. Apart from scholarships, this can be quite an expensive undertaking between the tuition costs, books, housing and more.
thewisebankercanada
thewisebankercanada
Financial Products
Did you know? There was a time where the very idea of retiring was foreign to most Canadians. People would work their entire lives until they died or were too sick or disabled to continue any longer. Given the shortened life span of the average person prior to the institutionalization of retirement, there was simply no time for it. Retirement Savings Plan, Saving For Retirement, Did You Know, Average Person, Sick, People
Retirement Savings Plan
Saving For Retirement
Did You Know
Average Person
Sick
People
Did you know? There was a time where the very idea of retiring was foreign to most Canadians. People would work their entire lives until they died or were too sick or disabled to continue any longer. Given the shortened life span of the average person prior to the institutionalization of retirement, there was simply no time for it.
thewisebankercanada
thewisebankercanada
Financial Products
Universal Life Insurance came into play in the 1980’s to be a more flexible and transparent form of permanent life insurance than the original Whole Life product. Universal Life was created by the stock brokerage firm E.F. Hutton, not a life insurance company, and is without the guarantees Whole Life Insurance has to offer. Universal Life Insurance, Whole Life Insurance, Life Insurance Companies, Permanent Life Insurance, Brokerage Firm, Wisdom Quotes, Planners, Journal
Universal Life Insurance
Whole Life Insurance
Life Insurance Companies
Permanent Life Insurance
Brokerage Firm
Wisdom Quotes
Planners
Journal
Universal Life Insurance came into play in the 1980’s to be a more flexible and transparent form of permanent life insurance than the original Whole Life product. Universal Life was created by the stock brokerage firm E.F. Hutton, not a life insurance company, and is without the guarantees Whole Life Insurance has to offer.
thewisebankercanada
thewisebankercanada
Financial Products
Understanding the basics of Whole Life Insurance is relatively simple. As the original permanent life insurance, Whole Life insurance is designed to be maintained until death, or 100 years, whichever comes first. For example, if you are the person getting a Whole Life Insurance policy on yourself, it means that as long as you pay your premiums, you are guaranteed to have life insurance in place until you die. If you happen to live past age 100, your life insurance policy will be paid out. First They Came, Death, Age, Shit Happens, Simple
First They Came
Death
Age
Shit Happens
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Understanding the basics of Whole Life Insurance is relatively simple. As the original permanent life insurance, Whole Life insurance is designed to be maintained until death, or 100 years, whichever comes first. For example, if you are the person getting a Whole Life Insurance policy on yourself, it means that as long as you pay your premiums, you are guaranteed to have life insurance in place until you die. If you happen to live past age 100, your life insurance policy will be paid out.
thewisebankercanada
thewisebankercanada
Financial Products
Term Insurance is the longest standing type of life insurance. It is considered a temporary form of insurance as its not intended to be maintained for all of life. The reason a person might purchase a Term Insurance policy, for example, would be to cover a financial need such as a mortgage during their younger working years for a low insurance cost. Life Insurance, Education, Type, Cover, Beauty, Studying
Life Insurance
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Type
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Beauty
Studying
Term Insurance is the longest standing type of life insurance. It is considered a temporary form of insurance as its not intended to be maintained for all of life. The reason a person might purchase a Term Insurance policy, for example, would be to cover a financial need such as a mortgage during their younger working years for a low insurance cost.
thewisebankercanada
thewisebankercanada
Financial Products