Last week’s big news, the revolt of retail traders on Reddit and r/Wallstreetbets, appears that it will be relatively short-lived.
After Robinhood and other applications restricted buying and trading of particular securities (a mess in its own right), the price on all of these risky and speculative plays, started to crumble. Now, this isn’t to say it likely wouldn’t have happened anyway, but the restrictions probably helped things along a bit.
Despite this background noise, the overall market had a great week, with many large companies hiking dividends and reporting great quarters. After a bit of selling on fear the previous week due to the GameStop saga, it just goes to show you that you never know which way the market will turn. It’s generally better to say invested than to try and time the market.
This week’s reading links are a bit of an assortment. First, we have some guidance on which registered funds you may want to consider investing your cash in this spring, a personal interest piece on cost of living in an expensive Canadian city and some money-saving tips and tricks.
Enjoy.
TFSA vs RRSP: Which Account to Use? | Another Loonie
It’s a great question and many Canadians don’t know where to start. This article examines the pros and cons of investing in your RRSP versus your TFSA. When it can make sense to invest in one or the other – or possibly both! It also includes some good basic information for people who are unfamiliar with the intricacies of each type of registered account.
How Much does it Cost to Live the FIRE Life in Vancouver? | EatSleepBreatheFI
My fellow writer and friend from the left-coast goes into great detail on this post examining what the basic costs of living are in one of Canada’s most expensive cities – Vancouver! Most would think it would cost a fortune to live there and you need two working adults with decent salaries to support a comfortable lifestyle. Makes sense to me, but is that actually the case? Find out how much it costs to live a Financially Independent Life in Vancouver.
PC Optimum Points: 6 Ways to Optimize Your Points | GenYMoney
Most people in Canada have likely shopped at Loblaws, Real Canadian Superstore, Shoppers Drug Mart or one of their affiliated banner stores in the past. This article is a great primer on the PC Optimum Points program and how you can get the most bang for your buck. Collecting points can become quite an addiction (as you’ll read), but it can also be extremely beneficial to your grocery budget if you are well-versed in how to shop for deals and points.
With everything shut down, many may have forgotten that Valentine’s Day is coming up next weekend! Check out my latest article with Valentine’s Day Date Ideas for Under $50 including many Stay-at-Home and Socially-Distanced options.
Have a great week!
I’m thrilled to be mentioned with Another Loonie and GYM! Both are great posts, BTW.
I just noticed that you edit the illustration every time for these roundups. Wow, that’s impressive! I like the addition of the border collie this time. Very cute. 🐶
Haha, thanks. It’s a subtle change each week to reflect the theme (if applicable.)
The archive of images is available here: https://familymoneysaver.ca/category/weekly-reading/
Really looking forward to your interview series. It will be cool to see how expenses differ across different cities and provinces!
Thanks for sharing my article! I had a lot of fun writing that one, so I hope other people get something out of it.
Loved that EatSleepBreatheFI article as well, and am looking forward to the next article in her series!
Fore sure, definitely helpful for people unsure where to contribute!