Canadian house prices could go down
Now in Canada, the mortgage interest rates are going even lower, to a new low 2.99% for a 5 year fix with the Bank of Montreal,which in thus will probably increase the house prices on the market today. Now you may say “Well that’s great isn’t it?” Well in short, NO. For now it’s true it is a good thing, but like the old saying says, ” what goes up must go down”. Now more than ever, Canadians are buying homes that if the interest rate was, for example 5%, they could not afford, which is scary, since mortgage rates will go eventually back up...
read moreMaking money with stock trading a possibility
It seems with the poor economy out there at this time some potential investors are looking into the stick market for relief from the low interest rates that banks are offering in GICs . I personally am as well looking into this since their are penny stocks (valued at less than $5 per share) to the top stocks like Apple and Netflix as example. But investing in stocks does provide greater risk since your return are not guaranteed and unlike mutual funds, you are generally investing in a single company when buying a certain stocks, their are exceptions though like the S&P 500, which...
read moreWhat are mutual funds and what they do in simple terms
First off all as a notice I am not a financial planner and you should always seek professional advice before investing. Now that the notice is over let me talk to you about mutual funds, what they are, what they do and how you can make $ in return. In short mutual funds is a pool of funds invested clients which your investor will then buy stocks, bonds or dividend and the hopes to make you profit. The reason I say hope is because like everything life there is no guarantee. Now first I will explain the differences between stocks, bonds, and dividends. Stocks: In short they are shares that...
read moreWhat are GIC`s
In this articles I will try to educate you, my readers that may have little or no knowledge of what gic`s are. As for the experts reading this as well feel free to post your comments below this article. GIC stands for Guaranteed Investments Certificates. What they do, for the investor or clients, is a way to get a fixed, yet higher interest that a regular saving account. GIC have different terms. from short term, to long term investments, which the longest for most banks is 5 years. In most times, banks will offer you a higher interest for a longer term. Some banks, for example, for a 5 year...
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