Month: October 2017
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Socially Responsible Investing in Canada
Recently my friend Elijah asked me about ethical investing. His concern is that he doesn’t want any of his hard-earned money going towards oil companies. I sense that Elijah is interested in socially responsible investing (SRI). The idea goes by other names such as green investing, ethical investing, sustainable investing, impact investing, or socially conscious…
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Make sure you get an unbiased financial adviser.
All commission-based financial advisers have a conflict of interest. If they sell you a product with a high commission, they earn more. If they sell you a product with less commission, they earn less. Which product do you think they will offer you? Your first interaction with a Financial Advisor It’s RRSP season. You see…
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Cash is trash. Inflation is the biggest killer of your money
Many people think that having money in cash is the safest investment of all, but in reality, it is the worst investment of all. Having cash is the only investment where you are guaranteed 100% to lose money. How do you lose it? You lose it to inflation, the silent killer of capital. Why does…
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Financial Analysis and recommendations: Elijah Baker
Elijah is a friend I met at the McGill Toastmasters club. His speeches have always been thought-provoking and inspirational. Elijah is a true hustler. He has several side gigs and jobs. Due to his many activities, he hasn’t much time to think about his financial goals. He only started saving after having a conversation with…