What makes investing such a lucrative activity is the power of compounding. Einstein once famously described compound interest as the "eighth wonder of the world." In this article, I'll be looking at the power of compounding and why it's so important. After all, one of the … [Read more...] about The Power of Compounding
Saving and Investing
Personal Finance: My Summer Reading
With our busy schedules it's important to take time out every once in a while and just sit back and relax with a great book. Every year, I try to put together some sort of summer reading list whenever I get some personal downtime. Sometimes I'll read a book from cover-to-cover … [Read more...] about Personal Finance: My Summer Reading
Dividend Reinvestment Plans: What Are The Best Stocks to DRIP?
Here's my article on the best stocks to DRIP. This is the final post in my series on dividend reinvestment plans (DRIPs). If you missed any of those articles, I've provided links to them at the end of this post. In general, a good dripping candidate is an established company … [Read more...] about Dividend Reinvestment Plans: What Are The Best Stocks to DRIP?
Investment in KP Tissue (KPT.TO)
One of the difficulties that Canadian investors face when trying to build a diversified investment portfolio is that the Canadian stock market is dominated by financial, energy and resource stocks. This makes diversification across sectors extremely difficult. Most investors get … [Read more...] about Investment in KP Tissue (KPT.TO)
The Tax Free Savings Account (TFSA): More Than Just Another Boring Old Savings Account!
Canadians quit being so boring with the Tax Free Savings Account (TFSA)! A few weeks back, I read somewhere that half of eligible Canadians haven’t bothered to open a tax-free savings account (TFSA) and of those who have, 75% of their money is parked in a savings account earning … [Read more...] about The Tax Free Savings Account (TFSA): More Than Just Another Boring Old Savings Account!