Disclaimer: The following post is sponsored by Sun Life Financial. The biggest mistakes most Canadians make when it comes to retirement planning is not saving anything at all. A recent study from Sun Life Financial shows that 25% of retired Canadians are in debt and 24% of working Canadians have raided their retirement savings. Canadians seem to be underestimating the amount of income they will require to spend their sunset years comfortably. Some may expect that government benefit pension programs will be adequate, believing that government money would be sufficient for their needs late in life. While the exact amount…

In times of economic turbulence, investors have turned time and again to the precious metals market to find an investment that will protect their wealth through the most difficult of times. That’s not to say that gold and, in particular silver, are entirely recession proof – the precious metal markets experience peaks and troughs just like any other form of investment. However, when investors are in for the long haul, prices of precious metals have been seen to enjoy long-term growth, and in a world where nothing is ever 100 percent certain, they certainly represent the next best thing.  …

Diversification is possibly the most cried about word in the investment world. All investors know they need to diversify their portfolios. The key questions here is “how exactly”? Though you may hear investment diversification being talked about a lot, there is no surefire formula to diversify any individual portfolio. But there is one core principle that applies to all efforts: don’t lost money. Obviously, you would want to diversify your portfolio in a manner that doesn’t result damaging your principal investments. Financial gurus like Tony Robbins recommend following the asymmetric reward principle. That is to say, for the least risk,…

In the great world of investing, it can be tumultuous at best when trying to find the right stocks that align with your passions while also providing adequate returns when armed with limited knowledge. However, the task of locating eco-friendly stocks are not as hard you might think. Thanks to the world of robo-investing, apps like Stash and Grow allow you to invest specifically in environmentally friendly funds with minimal costs. However, if you'd like to dig a little deeper on why a company is eco-friendly, the list below provides some good qualifications on who's a good prospect versus who isn’t. Is the company…

Day trading is an excellent way to make a living. You can avoid living in a gray cubicle in a thankless office job contributing to your retirement only via a 401k account, subject to silly requests from overbearing bosses and underperforming co-workers. You can achieve financial independence, in a comfortable home office, interacting with other traders in chat rooms that help you learn more about your industry and avoid living in isolation. Chat rooms are a vital resource for day traders of all levels. You can learn in them as a novice day trader, absorbing the lingo and learning early…

Even the most successful investors’ journeys took longer than a few days. You need to learn all of the ins and outs of the world of finances as well as your personality as a new investor. This also takes a bit of trial and error and a whole lot of patience. Here is a quick look at investing and what to look out for. What Should You Invest In? There are too many people who will just buy the first type of investment product that gets shown to them. It is much better to look at all of your options…