Gold prices could be set to take out their long-standing record

A technical reading may also be flashing a warning sign that the rally could lose steam. Gold’s 14-day relative strength index held above 70, a signal for some investors that an asset may be overbought and set to drop. Gold Spot gold rose 0.1% to $1,810.15 an ounce at 7:24 a.m. in London. Prices climbed to $1,818.02 on Wednesday, the […]

Market Update- July 09, 2020

U.S. Futures Drift Before Job Data: Dollar Steady Oil Price Hampered Oil traded below $41 a barrel in New York as coronavirus cases continued to surge across the world and U.S. crude stockpiles grew. Hedge Funds Lost- 7.9% Hedge funds lost a record 7.9% in the first half of the year on an asset-weighted basis, according to Hedge Fund Research Inc.

Why it’s important to get RESPs for your Children

Invest in your future Scientist, Solar Energy Expert, Astronaut It’s one of the smartest strategies to secure your child’s future Government of Canada contributes to your child’s RESP through its grant programs – CESG and CLB The money is there when you need it Free money from Govt. of Canada $7,200 Canada Education Savings Grant (CESG) Canada Learning Bond (CLB) […]

Stop Speculating, Start Investing Wisely

“It’s important to understand the difference between the two as this could decide if you are looking to build wealth or if you are gambling.” Stop deluding yourself into believing that you are investing in the market when in reality you are only speculating. This confusion can harm your investment portfolio more than a market crash. If you are unaware […]

Need versus Want

Don’t let your Short-Term Happiness Rob your Long-Term Joy HAVING A CLEAR UNDERSTANDING AND ABILITY TO DISTINGUISH BETWEEN “WHAT YOU NEED” VS. “WHAT YOU WANT”, IS AN IMPORTANT STEP TOWARDS SUCCESSFUL MONEY MANAGEMENT. You should be able to categorize your needs and wants clearly in order to use your money wisely. Needs are non-negotiable absolute requirements of your life. Wants are not […]