July 8, 2018 – 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

Canada Savings Bond (CSB) and Canada Premium Bond (CPB)

bondsBecause of investment uncertainties one can always look to the government to place their well-earned dollars to earn quality interest. The Government of Canada offers savings bonds: Canada Savings Bond, and Canada Premium Bond. These bonds are safe and secure investments that are made available to all Canadians (adult or minor).

Although their interest rates are quite competitive to private banks they are not without their restrictions.

The CSB can be redeemed for cash at any time while the CPB can only be redeemed on the anniversary of its issue date (and 30-days thereafter). Both types of bonds have a 10-year term until they mature. However, rates of return will vary during its life, as determined by the Minister of Finance.

The primary difference between Canada Premium Bond and the Canada Savings Bond is the rate of return. The Premium Bond has a higher rate of return. But in exchange for this higher rate restrictions apply on withdraws, as outlined above.

To purchase a bond you only need a minimum of $100; and can only be done in Canadian currency. The maximum size for a bond is $500,000.

Although bonds are usually in the name of a specific person one can add additional owners after purchasing the bond(s). These new owners will only take custody of the funds upon the original owner’s death.

If you own a CPB and attempt to withdraw funds outside its redeemable window then you will forfeit any earned interest. However, in special cases, such as the owner has died, or through a court order, one can redeem a CPB outside their anniversary window without penalty.

It should be noted though that no interest is earned on either bond types during the 1st three months after it was issued. And no interest is earned during the month in which the bonds are redeemed.

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July 7, 2018 – 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

Bankruptcy

BankruptcyAlthough thoughts of bankruptcy scares most people we feel it is a necessary topic for smart investors. The primary purpose of bankruptcy law is to afford a person who has fallen deep into debt a fresh chance to start over again with a clean record — no more debt.

To go into bankruptcy one must be insolvent. To be insolvent one must owe at least $1,000 and be incapable of paying debts.

When a person goes bankrupt they must have a trustee, as licensed by the Superintendent of Bankruptcy, to manage assets (held in trust) and provide proposals while maintaining a debtor’s rights and a creditor’s rights. Trustees also are debt consultants who provide advice, make settlement negotiations, and other arrangements with creditors on your behalf.

Prior to going into bankruptcy it is common for people in debt to be harassed by creditors. However, once the paperwork for bankruptcy is filed these creditors, by law, must cease contacting you directly for payment. This however, does not apply to secured creditors such as banks.

Your spouse (or common law partner) is in no way part of your bankruptcy (assuming s/he is not responsible for any of your debt e.g. did not sign any contract related to taking any of your debt).

Although your credit score will likely get dramatically lowered by going into bankruptcy rest assured that opening a new bank account will not be a problem. If, however, a bank refuses to open a bank account or cancel an existing one after being made aware of your bankruptcy (past or present) then they are breaking the law.

There are several personal seizure exemptions which vary from province to province once you go into bankruptcy. For example, in Ontario there is a $5,650 exemption which unsecured creditors cannot tough. So if you own a car worth $4,000 then you are permitted to keep that car.

One overlooked benefit of filing for bankruptcy is that no one has to know. So your friends, family, and co-workers will never find out you filed for bankruptcy (assuming you don’t tell them). The only way to find out is if someone requested a credit report.

Bankruptcy isn’t for everyone but with today’s pressures to invest or take on new debts it is nice to have a fall back course of action in cases of poor investment decision making or plain bad luck.

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July 6, 2018 – 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

Foreign Exchange Trading

Foreign Exchange TradingBetter known as forex trading, foreign exchange trading is a very popular investment activity done by intuitions and individuals. It is a market that swaps currencies among different countries with high hopes of turning a profit. For example, you can trade CAD dollars with USD dollars. “Going Long” is an expression when you place a buy order on a currency pair (e.g. CAD/USD).

Normally forex trading is done by a broker and because in today’s age of the internet it is a very simple process to make a buy/sell order on currency pairs.

Because of the 24 hour nature of forex trading exchanges are always happening at all times. However, they are not open on weekends. More specifically, markets are open based on the time in Australia on Sunday evening and closes based on the time in New York on Friday.

There is no time limit on how long one holds a trade. Trades can be held for minutes or years. It is up to the trader and their intended goals.

Foreign Exchange trading exists primarily for business transaction reasons. When companies do business outside their country they will normally have to exchange their native currency to the foreign country’s currency before the transaction can be completed.

But because of the boom of the internet speculative trading by individuals has become very popular. Especially since the cost to make a currency pair trade is very nominal.

For example, if a trader (or business) expects the EUR to rise relative to the USD they would place a “EUR/USD” trade. This is more like trading Euros against USD rather than simply buying Euros. This is known as going long because if the EUR rises relative to the USD then the trader can close the trade and make a quick profit.

Be warned though. Although it sounds simple to make exchange trades it takes years of experience to predict markets and ultimately profit from them. So entering the forex trading market is not for beginners. Most brokerage firms in Canada, like Questrade, offer forex trading and also provide demo accounts for beginners to learn the ins and outs to this field.

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