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Rent or Buy

Decision Process: Buy or Rent

As prices go up in many cities, I often read that you should rent versus own a home. In my view, every situation is different and what I hate is giving my money away. When I pay a mortgage, I essentially give myself some money in equity. When you rent, you are simply giving the money away. The same goes for a car, when you lease a vehicle, you are essentially giving a lot of it away (even if you have the right to purchase it later). There is obviously a point of no return when renting is better. Let me walk you through the process to assess if you should buy or rent a home. The biggest mistake many make is to make renting or owning a place an emotional decision rather than a financial decision through logical steps. Just like with investing, emotions tend to really screw up money decisions. Decision ...

Computershare Guide

Here is everything you need to know about Computershare to put YOUR MONEY at work. I kick started my new dividend investing financial plan through Computershare and step by step increased my net worth but also my income from my investments. I am the type of person who wants to be in control of my destiny and seeing my money making money even when the stock market is a roller coaster. When the markets are down, I can see that my money is still at work making money. With Computershare, if you start early, your pennies will be at work, not just a full share or even 10K worth of a share. Related: Guide to DRIP What is Computershare? Computershare is a company that helps manage stock plans for companies along with DRIP accounts. Computershare is not a discount broker and you cannot have any other ...

Why Start With Questrade

As a DIY investor, I can tell you that I have used 5 different discount brokers in my life so far. There will always be progress and competition for the customers and to that end, I don’t think anyone can settle with one for life. You need to use the discount broker that works for you at your stage in life. I believe Questrade is the discount broker of choice for anyone starting. My Discount Broker HistoryI started with InvestNat from National Bank. When I look back, it was a pretty pathetic setup. It still exists but was rebranded National Bank Discount Broker. It would seem that they have kept up with the trend and are offering transaction fees of $9.95. It’s pretty much the norm now. I then switched to Scotia McLeod. They still exist but more so as a wealth management. My ...
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