Posts by Tamar Satov

What is a Reverse Mortgage?

reverse mortgage explained

With the average home in Canada now worth about a half-million dollars — and much more in large cities such as Toronto and Vancouver — it’s not surprising that some older homeowners are looking to reverse mortgages to unlock the equity that has built up in their properties. Indeed, average home prices in Canada have…

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Borrowing Money to Invest: Good or Bad Idea?

borrowing to invest

Continued low-interest rates in Canada make the costs of borrowing very attractive, especially when purchasing assets that are likely to increase in value over time, such as a home. You may be tempted to take advantage of cheap interest, but is borrowing to invest a good idea? The answer depends on many factors, including the…

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What is ETF Investing?

ETF Canada

Exchange-traded funds are becoming extremely popular with Canadian investors. In fact, according to the Investment Funds Institute of Canada (IFIC), the monthly sales of ETFs in Canada has now caught up to the monthly sales of mutual funds, with $1.8 billion each in recorded net sales during March 2019. Want to understand what’s driving the…

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What is a LIRA?

lira account

Most Canadians are familiar with RRSPs and TFSAs, but there’s another registered vehicle for retirement savings that you may not know much about: locked in retirement accounts. What is a LIRA account and why would you have one? Here’s what you need to know. What is a LIRA? A locked in retirement account (LIRA) is…

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Compound Interest Formula Explained

compound interest formula calculator

A key component of successful investing is understanding the “magic” of compound interest. Of course, there’s nothing magical about it: just a mathematical compound interest formula that determines how much — and how quickly — your money will grow. Here’s everything you need to know about compound interest, as well as how to use a…

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Real Estate Agent Commission – Decoded!

buying your first home

Most Canadians use a real estate agent when buying a home, paying real estate agent commission. A realtor can help purchasers find the right home for the right price and guide them through the entire home buying process. Generally, buyers don’t pay realtors directly. Instead, their compensation comes in the form of a commission on…

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The TFSA Limit Increased to $6,000 in 2019

TFSA limit

Looking to save money as one of your New Year’s Resolution? Here’s some good news: as of January 1, 2019, the Canadian government raised the annual TFSA limit to $6,000, up from $5,500 last year. This increase means that Canadians who were at least 18 years of age in 2009 now have a cumulative maximum…

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Couch Potato Portfolio: Introduction

model portfolios

Here at Young and Thrifty, you’ll often see us refer to “couch potato investing.” As you may have gathered, this low-cost, simple — and smart — investment strategy has nothing to do with either living room furniture or root vegetables. Rather, a couch potato portfolio can help you achieve your investment goals while taking on…

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