Debt payments finally done? Here’s how to use the extra cash to build for your future
Graham Priest, an investment adviser with BlueShore Financial, said money that’s going to be set aside for short-term goals could also be put into a fixed-income investment that guarantees a return.
“You don’t want to have money just sitting, doing nothing in a chequing account,” Priest said.
“When you’re looking at short-term savings, you’d want money to be guaranteed and the rate of return is less of a factor than wanting to make sure that you have the principal when it’s required,” he explained.
Read the full article here
Related Articles
How advisors can help newly blended families meet their financial goals
In the Globe and Mail article “How advisors can help newly blended families meet their financial goals,” BlueShore Financial advisors
Navigating Cross-Border Tax Challenges
In the CanadianSME article “Navigating Cross-Border Tax Challenges,” legal experts from Robins Appleby LLP provide insights into the complexities Canadian
How this advisor went from selling Kool-Aid as a kid to offering the tough advice clients need to hear
Ladan Shokrgozar is a Senior Portfolio Manager at Harbourfront Wealth Management in Vancouver, British Columbia. With over a decade of