How to Sell Your Home Better Than Any Ordinary AgentWelcome FSBOs!!.Unlike some real estate agents, I don’t view For Sale By Owners as greedy or ignorant, but as patient and brave individuals for
Three Great Places To Stash 1000 CASH
Dated: March 22 2016
Out of school, in the job market, earning regular income and want to start investing? Here’s how to get a better return on your first grand
1. Saving up for a wedding, car or home down payment? You’ll need to keep that money safe and easily accessible, meaning aggressive investing strategies aren’t appropriate. These days GICs and high-interest savings account don’t offer much value. A better choice is a short-term bond index fund, such as the Canadian Short-Term Corporate Bond Index ETF (VSC).
2. For longer-term savings, consider a single, low-cost balanced index fund, such as the Tangerine Balanced Growth Portfolio fund. With fees of only 1.07%, you’re paying half of the average Canadian mutual fund fee and there’s no minimum investment.
3. Another option for longer-term investors are so-called “robo-advisers.” These are online services that design, implement and manage low-cost ETFs portfolios for a fraction of the cost of traditional “human advisers.” Wealthsimple, for instance, has a minimum account size of $5,000, and charges management fees of 0.5% per year (plus embedded ETF fees of about 0.25%) on portfolios of $5,000 to $250,000.
Saving up for a house of dreams
When Tegan Alce finished veterinary school last year and began working, she wisely decided to focus on paying down her student loans first. With that debt now eliminated, she’s in great shape to start saving for the dream home she hopes to buy within the next few years. Because Alce will need the money soon, our experts recommend she stash her savings in a short-term Canadian bond ETF, or, if she’s comfortable taking some risk, in the Tangerine Balanced Income Portfolio. While TFSAs are generally best for short-term saving, certified financial planner Marc Lamontagne says that becauase she already has a relatively high income, Alce could save inside her RRSP and use the Home Buyers’ Plan to withdraw up to $25,000 for her down payment.
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|Featured properties may not be listed by the office/agent presenting this brochure. Information has not been verified, is not guaranteed and is subject to change. The data relating to real estate for sale on this report comes in part from the Internet Data Exchange program of Northern Kentucky MLS.|
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Wendie Neely is licensed in both Kentucky and Ohio. Her background includes several years as a Real Estate Appraiser placing her in a unique position to help Buyers and Sellers understand property val....