What is FI Financial independence is one of the most common goals of the personal finance community. At its most basic it refers to the ‘state of being able to cover your living costs without depending on external income’. Practically this means having investment income as your primary income source. FIRE, or Financial Independence Retire …
It’s been an interesting few weeks on the market with the explosion of bitcoin and the saga over gamestop shares. A lot of important ideas and realities about the market were put forward. The most important two being that you can’t control the whims of the crowd and that big players manipulate the market constantly. …
Investing For Beginners : BearMoney Portfolio Part 2 Read More »
What is the BearMoney Investment Portfolio? As the curtain comes down on 2020, we don’t think anybody saw that year coming! It has been a long and difficult road for most of us. Although a lot of opportunities presented themselves in the investment world, so much went wrong everywhere else. The news that we have …
Beginner Investing Strategy 2021 : BMB Portfolio Read More »
Wow, what an insane month it has been both in the wider world and in the BearMoney office. We’ve seen a new US president elected (sort of?), COVID-19 vaccine hopes and an the birth of our BearMoney TFSA Investment Account with all of our outstanding orders being filled. Welcome to month 1 of the BearMoney …
Investing For Beginners : BearMoney Portfolio Part 1 Read More »
What is a TFSA? A Tax Free Savings Account or TFSA is an financial tool for Canadians to invest their money and reap the profits tax free*. Every year each person living in Canada with a SIN can open up a TFSA a contribute a predetermined amount. There are different rules and exceptions but overall …
Investing For Beginners: BearMoney Portfolio Part 0 Read More »
What is a TFSA? Investing can be a pretty scary prospect for a lot of people. It’s often easier to just park our money in our chequing or savings accounts keeping an eye out for a rainy day. Unfortunately, with the current interest rates offered by banks in Canada you’ll make practically nothing doing this. …
BearMoney Portfolio: Starting Out With Investing Read More »
