Prop Firms: In the world of trading, where the pulse of financial markets beats incessantly, prop firms offer a seductive promise: trade large sums of capital without risking your own money. For traders, this isn’t just an opportunity; it’s a tantalizing proposition that can elevate their trading experience to new heights. In this comprehensive guide, we will explore the best prop firms online, country-wise, and delve into why trading with […]
Category: Investing
Investing in Canada
4 min read
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How Rental Income is taxed in Canada in 2024
In the vast landscape of Canada’s real estate market, navigating the complexities of rental income taxation is a crucial aspect for landlords and property owners. As we step into 2024, understanding how rental income is taxed can significantly impact financial decisions and obligations. Let’s delve into the intricacies of rental income taxation in Canada and shed light on the latest updates and insights for the current year. Rental income taxation […]
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Early RRSP Withdrawals: Strategies to Save Thousands in Canada in 2024
Worried about Tax implication for RRSP Withdrawals: When it comes to saving for retirement, Canadians have a powerful tool at their disposal: the Registered Retirement Savings Plan (RRSP). Designed to encourage long-term savings, RRSPs offer significant tax benefits, making them a cornerstone of retirement planning. However, there are circumstances where making early RRSP withdrawals can be beneficial, potentially saving you thousands of dollars. In this guide, we’ll explore when and […]
3 min read
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3 Growth Stocks to Buy in 2024 and Hold Forever
3 Growth Stocks to Buy in 2024 and Hold Forever KEY POINTS Nvidia’s stock is trading at one of its cheapest positions in months. Microsoft’s dominance in tech could deliver significant gains for decades. Alphabet is potentially the biggest bargain in tech and AI right now. With the new year on the horizon, it’s an exciting time to think about expanding your investment portfolio. The past few years have […]
3 min read
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Time to Sell Warren Buffett “Magnificent Seven” Stock Before 2024?
If you’re considering selling one of Buffett’s “Magnificent Seven” stocks, it’s crucial to assess the reasons behind it. Has something fundamentally changed with the company that could affect its long-term prospects? Are there shifts in the industry or economy that might impact its performance? Consider reviewing the company’s financial health, its competitive position, management changes, and any relevant news or developments. Also, think about your own financial goals and whether […]
9 min read
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Retire Early in Canada: A Comprehensive Guide for 2024
The normal age to retire and start receiving a pension in Canada is 65. This is when your Old Age Security (OAS) kicks in and when you get an ‘unreduced’ benefit from the Canada Pension Plan (CPP). While a traditional retirement age of 65 has been the norm, early retirement at 60, 55, or even earlier has become more mainstream in recent years. Getting out of the workforce to pursue your dreams, travel the […]
8 min read
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Moving Averages Market Crash Proof: An Effective Strategy in 2024
Looking for a market crash-proof strategy in 2024? Discover the power of utilizing moving averages as an effective approach. This article delves into the benefits, implementation, and FAQs surrounding the “Market Crash Proof: An Effective Strategy Utilizing Moving Averages in 2024.” Introduction In the ever-changing landscape of the financial market, investors are constantly searching for strategies that can withstand the volatility and uncertainty. With the looming possibility of a market […]
10 min read
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DRIP Dividends : 5 Maximizing Returns with Automatic Reinvestment in 2023
Discover the power of DRIP dividends and learn how this investment strategy can help you grow your wealth over time. Explore the benefits, implementation, and answers to frequently asked questions about DRIP dividends. Introduction: Embracing the Power of DRIP Dividends Investing in the stock market has long been regarded as a lucrative way to build wealth. Among the various investment strategies available, Dividend Reinvestment Plans (DRIPs) have gained popularity for […]
9 min read
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Want to Start Day Trading in Canada in 2024?
Discovering day trading can be an exciting journey, but it can also be overwhelming due to the abundance of information available. If you’re new to day trading and want to begin your journey in 2024, this article will provide you with three essential steps to get started. These steps include choosing the right stock broker, selecting a simple trading strategy, and establishing a small funded account while setting proper rules. […]