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Showing posts with the label Canada

Best Crypto Platforms in Canada: Compare Newton, Shakepay, Wealthsimple, Coinbase, and MexC

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Where to Buy or Sell Crypto in Canada? Navigating the world of cryptocurrency can be daunting, especially for Canadians looking for secure and cost-effective platforms to buy, sell, or trade crypto. To simplify your decision-making process, we’ve compared six of the most popular providers: Newton, Shakepay, Coinbase, MexC, Crypto.com and WealthSimple . This table highlights their pros, cons, and star ratings to help you choose the platform that best fits your needs. Crypto Provider Comparison - Canada Provider Pros Cons Rating Sign-Up Offers - Zero trading fees; costs built into the spread. - Supports over 70 cryptocurrencies. - Transparent fee structure with no withdrawal fees to Canadian bank accounts. - User-friendly interfaces. - Spreads can be wider than competitors. - No advanced trading fe...

Escaping the Inferno of Economic Uncertainty and Tending your own Financial Fire

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  Economic instability is like battling a raging wildfire with no clear path to safety. You can easily get caught off guard and not even know where to start. What we need to do first is take some stock of how we got here. This began as a dumpster fire and was fueled by many different sparks before it got so ablaze. A legacy of kicking the gas can down the road to disguise economic downturns has been like a Molotov cocktail; exploding inflation that has spiraled out of control. Incompetent and malevolent governments lit the fuse of global political tensions, with seemingly nobody fit to put out the flames. These factors have created a financial reality, where everything from your retirement portfolio to the cost of your weekly groceries swings wildly, leaving responsible Canadians feeling like the whole house of cards is burning down. How Markets Move in Uncertain Times When uncertainty strikes, markets dance to their own wild rhythm. Stocks can be jittery, prices bouncing around as...

Young people: Don't Dispose your Disposable Income - The magic of compound interest

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  Young people: Don't Dispose your Disposable Income (The magic of compound interest) Welcome, Zoomers! Are you ready to unlock the secrets to financial success and make your money work for you? In today's fast-paced world, it's easy to get caught up in a whirlwind of spending. From trendy gadgets and fashion must-haves to dining out with friends, disposable income seems to slip away faster than we can keep track. But what if I told you there was a way to make that money grow, effortlessly multiplying over time? That's right, we're about to dive into the enchanting realm of compound interest and reveal where you can start growing your hard-earned cash. So grab a cup of coffee (or whatever sparks joy for you), sit back, and let's embark on this journey towards financial empowerment together! Consooming. Stop wasting your money on frivolous expense. Picture this: you stroll into your favorite store, eyes twinkling with anticipation. The shelves are lined with the ...

RRSP vs. TFSA: A Comprehensive Guide for Young Canadians

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When it comes to saving for the future, young Canadians are often faced with the decision of where to put their money: in a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA). They don't teach you about this in school, and you may have never been coached by your parents or anyone else on financial literacy. Don't worry Zoomers, I'm here to bring you up to speed if you can put down Tik Tok for a few minutes and give me your undivided attention. It's a long read but could change your future. Trust me bros. (and girls). There are two main ways to save for your future in Canada. While I am not discounting that you should put up to 20% of what you can stack up into some type of Crypto and ride the next bull run to valhalla, there is still much to be said for these two traditional methods as they come with some major advantages and if you want to ensure you won't be broke when the Zoomer becomes the Boomer you need to hear me out. Lets get down...

What are they smoking on Bay Street? Cannabis Stocks.

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  (Shutterstock) A pipe dream?  Cannabis investors in Canada had their dreamy eyes set on pies in the sky since back in 2018 when the Canadian marijuana market was setting its roots. Earnings results have largely missed the mark across the board and some legal Canadian producers seem to be struggling to remain an ongoing concern at these levels of burning cash. Across the border, our American neighbors were similarly bullish over cannabis stocks in the follow-up to the 2020 election when Democrats gained control. President Biden has actually made very limited progress on cannabis reform and US-based stocks have underperformed as a result. On first look, these early results haven't been promising. Our view is that this is because the market potential has yet to be properly realized. The cannabis market is expected to be worth over $73 billion by 2027. This means investors can still get in on this cash crop relatively early. Cannabis Stocks - They aren't created equal. Cannabis...