Aug 26, 2017 – Today’s Questrade Offer Code / Promo Code

$50 FREE REBATE @ Questrade

It’s and we have for you today the active Questrade Offer Code (Promotional Code)! Use the following promotional coupon offer code at Questrade to claim your FREE $50.

$50 Questrade Offer Code (Promo Code):

Canada

OR Click Here to Use this Offer Code at Questrade

Note: Input the above promotional offer code (colored in red) into the “Offer Code” input box when signing up for a new account at Questrade.com. Enjoy your FREE $50!

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Investment Tip of the Day

Safeguarding Your Assets — Prenups

Prenup Your AssetsGetting married is a special time for many people. It is a union of two people who love each other with high hopes of living happily ever after. However, the reality of the issue is that most marriages end in divorce. And when that happens all that trust you had for your significant other is out the door with half your belongings.

Prenuptial agreements help to reduce the headache when a divorce happens. It serves as a form of insurance for both parties in the marriage. The problem with prenups is that it gets a bad rap as being insensitive; after all, if one brings it up one can’t help but wonder if love is the most important thing in that relationship or is it money? So if you are sitting here wondering if your partner will take offense to the idea then think no further they most certainly will. And I still say you must do it. Thankfully perceptions are changing and people are becoming more accepting of it.

Prenups have been a common practice by the rich to help protect their investments and other assets from people who think they can get rich quick by marrying into it. But prenups have begun to trickle down as a tool used by non-wealthy individuals too. Think about it: If you grew up on a family cottage as a child but later in life got married it would be detrimental to be forced to sell this cottage to fulfill the 50-50 split obligation. It’s situations like this that make prenups always a necessary obligation prior to marriage, regardless of income level.

Many people in Canada think that prenups aren’t enforceable which can easily be renegotiated when the time comes. If you are one of those types who think that then I hate to burst your bubble because legally it is binding. When you sign the dotted line that is pretty much it. There are some exceptions that the judge can consider that might help adjust the 50-50 divide such as if one had racked up an enormous amount of debt while married.

Each province has different requirements for prenuptials. For example, in Ontario each partner must list their assets before the marriage and again when they leave it. So in Ontario what you bring into a marriage is what you take out, excluding the family home — that will be divided for sure. Any increase in value of existing assets, or new acquired assets, while in the marriage will be split 50-50. That includes any business value increases. In British Colombia this is slightly different. You may be required to split all of your assets, even ones that were acquired prior to your getting married.

Although divorces are rarely pretty prenups help keep things clean and less costly for everyone. But in the end the biggest winners, prenup or not, are the lawyers. You can expect to pay anywhere between $500 and $2,000 for a simple prenup to be written. You could skip using a lawyer and write your own agreement on a piece of paper but doing so leaves it open to potentially be nullified because you did not provide the necessary legalese to cover specific conditions. So be careful if you do not use a lawyer.

If one is to live happily ever after in this day and age it is always advised to take your emotions out of the game and think long-term. Prenuptial agreements may not always be the most romantic of things to deal with but in the long-term, as a smart investor, is the best investment you can make.

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Aug 25, 2017 – Today’s Questrade Offer Code / Promo Code

$50 FREE REBATE @ Questrade

It’s and we have for you today the active Questrade Offer Code (Promotional Code)! Use the following promotional coupon offer code at Questrade to claim your FREE $50.

$50 Questrade Offer Code (Promo Code):

Canada

OR Click Here to Use this Offer Code at Questrade

Note: Input the above promotional offer code (colored in red) into the “Offer Code” input box when signing up for a new account at Questrade.com. Enjoy your FREE $50!

Check out this detailed Questrade Review

Investment Tip of the Day

Why Invest in Gold?

GoldDespite being Canadian the fervor of Americans and their fascination in buying gold does not go unnoticed, especially because popular news outlets like Fox News in the U.S. kowtow to the idea of it as the sole savior to all of one’s problems. But why exactly is it special? In this article I will try to unravel the unknowns about investing in gold.

We all know what gold is and where it comes from but most don’t realize it is a commodity like oranges, soybeans, and milk. Although it has a charming visual allure to it most people think its pricing comes about due to its rarity. In fact, there is plenty of gold in the world but a lot of it is horded by the Central Banks all across the world so as to control its pricing. Gold prices are undisputedly linked to the rising and falling of an underlying currency. The world makes use of the U.S. dollar as that currency. Because gold is more tedious to trade physically we use paper money as the alternative to do our daily purchases.

But because paper money and its value is linked to economical and worldly events it can fluctuate in unusual ways. Gold does not give provide investment interest. It simply serves as a form of insurance against catastrophic events hitting global financial markets because it holds its purchasing power significantly better than paper money. Despite these assuring thoughts gold has continued to decline slowly for decades. But still in times of economic stress people will always look to alternatives to paper money which creates demand for gold — making its price rise.

Buying gold can be done in many ways. One fun way is as coins which are commonly sold at Canada Post. But most investors do so at discount brokerages across Canada, like Questrade, as gold stock. The problem with this approach is that you aren’t actually buying gold you are buying into a company that says it has gold in the ground. However, there are ways to buy physical gold and have it delivered.

Gold tends to be volatile in the short-term but it is a perfect investment path as a hedge against an eroding purchasing power of paper money. Investing into gold is an efficient way to diversify ones stock portfolio so as to protect your investments. The reason being gold is a negatively correlated asset against stocks — meaning if your equity investments decline gold will rise, helping to buffer an out-of-control loss you may be experiencing.

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Aug 24, 2017 – Today’s Questrade Offer Code / Promo Code

$50 FREE REBATE @ Questrade

It’s and we have for you today the active Questrade Offer Code (Promotional Code)! Use the following promotional coupon offer code at Questrade to claim your FREE $50.

$50 Questrade Offer Code (Promo Code):

Canada

OR Click Here to Use this Offer Code at Questrade

Note: Input the above promotional offer code (colored in red) into the “Offer Code” input box when signing up for a new account at Questrade.com. Enjoy your FREE $50!

Check out this detailed Questrade Review

Investment Tip of the Day

The Difference Between the Rich and the Poor

Rich vs PoorHave you ever wondered why some seem destined to be rich while others stay poor? This has been a question posed by many for ages but most people tend to shrug it off as some preordained thing or because of pure chance. But, although luck can play a little, for the most part anyone can be rich. It isn’t how smart you are or if you were born with a silver spoon in your mouth. It is about how you manage and grow your money.

Did you know that in Canada 1 in 50 people are millionaires? Chances are you have seen a millionaire during your daily outings and didn’t realize it. Most people who are millionaires actually made it on their own, they did not inherit it.

So how do they do it? Rich people have a different take on how they view money. For them they focus on building wealth not spending it. Most people who aren’t wealthy is because they don’t want to be. These type of people love to spend. The moment they get their paychecks they go about looking for ways to spend it. If you ask them what they would do with a million dollars they would go through a laundry list of luxury items they would get, including expensive cars, big houses, and the list is endless.

Wealthy people are the opposite. They tend to downplay what they have. You are more likely to find a rich person living in a modest home and driving a budget vehicle than one of extravagance. They aren’t about flaunting it. They are about making it grow. One of the key ways they do that is through the stock market. Most people who are not rich try to avoid the stock market out of fear that they will lose their shirt in the process. For wealthy people they see it as an avenue to make their investments grow. You can’t become wealthy by nickel and diming it through life by investing in safe bets like bonds. Through proper stock investing one can grow their investment on average by 10%/year. Although stock markets are volatile over the long term they always go up. There will be hiccups on the way but it is the long run that is important. So if you are scared to invest big in the stock market then you will likely never be wealthy.

The poor and middle-class tend to have most of their money in consumer tangibles such as a car and a home. The wealthy tend to have most of their liquidity in their business or the stock market. That is the big difference. They are about trying to grow their money not keep it stagnant.

In summation to be wealthy one should be frugal and a good saver, not a big spender. One must be focused on increasing their net worth through long-term investments not living day-to-day trying to pay off debt and satisfying present day gratifications. Approach life in this way and you will be yet another Canadian to figure out the simple truth to real wealth.

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