Episode 4 – Personal Finance – Budgeting

Budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.

The 50%/30%/20% budgeting rule is spending 50% on needs and 30% on wants while allocating 20% to savings.

An emergency saving is a bank account with money set aside to cover large, unexpected expenses. Such as financial crisis, job loss, travel expenses or large medical bills. These unexpected events can be stressful and costly.

Episode 3 – How To Start Investing (Part 2)

In this episode I will continue my discussion on investment planning, portfolio building and types of investment accounts. I will also discuss what an index is and how it could fit into an investment strategy.

An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor’s 500 Index (S&P 500).

The Canada Learning Bond (CLB) is a grant paid by the government of Canada to assist families with saving money for their children’s post-secondary education.

Get Smarter about Money (Ontario Securities Commission)

Canada Learning Bond

Morningstar

Episode 2 – How To Start Investing (Part 1)

In this episode you will learn how to start your investment planning and how to apply KYC. You will get an understanding of
investment and account type selection process. Risk and reward of GICs, CDs, Bonds, Stocks, Mutual Funds and ETFs.

The Know Your Client form is a standard form in the investment industry that ensures investment advisors know detailed information about their clients’ risk tolerance, investment knowledge and financial position.

The risk–return tradeoff or risk–reward is the relationship between the amount of return gained on an investment and the amount of risk undertaken in that investment. The more return sought, the more risk that must be undertaken.

Get smarter about money (Ontario Securities Commission)

Morningstar

Episode 1 – Basic Investment Products

In this episode we will discuss about GICs/CDs, Bonds, Stocks, Mutual Funds and ETFs.

A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks.

A certificate of deposit (CD) is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, and credit unions. CDs are similar to savings accounts in that they are insured “money in the bank” and thus virtually risk free.

A bond is a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.

A stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings.

A mutual fund is an investment vehicle made up of a pool of moneys collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets.

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

www.morningstar.com