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Category: Investing
Adapting Your Investment Strategy in a Changing Canadian Economy
The Canadian financial landscape is shifting once again. The Bank of Canada’s overnight interest rate decisions influence everything from mortgage costs to savings returns, and Canadians are rethinking how to make the most of their money. At Moya Financial Credit Union, we believe that understanding these changes — and knowing how to adapt — is [...]
Strategic Banking, Secure Savings, and Thoughtful Investing
As we progress through 2025, the Canadian financial landscape remains dynamic, shaped by persistent inflationary trends, evolving interest rate policies, and a rapidly digitalizing banking sector. At Moya Financial Credit Union, our commitment is to empower you with informed strategies that safeguard your assets, enhance your investment portfolio, and ensure your financial privacy and security. [...]
Understanding Common Financial Terminology
It’s hard to communicate if you don’t understand the language being spoken. Sometimes, you don’t have to be in a foreign country to feel unsure of what others are saying. For certain people, the jargon and terms used in the financial world can feel as dense and impenetrable as a language they’ve never spoken before. [...]
How to Navigate Market Volatility as an Investor
In investing, volatility is a measure of the size and frequency of price fluctuations. A highly volatile asset is one whose price could often either rise high above its average or, alternatively, fall well below it. The greater the number of potential outcomes, the higher the volatility. Sometimes, entire markets can become volatile. In late [...]
What is Canada’s new First Home Savings Account?
Between persistently high purchase prices and rising interest rates on mortgage borrowing, it’s a tough time to be shopping for a home in many parts of Canada. That’s why many first-time buyers are making use of a new financial tool designed to help them save for a down payment: the First Home Savings Account, or [...]
Should You Use Your Bonus to Invest or Pay Down Your Mortgage?
Have you recently earned some bonus income from your employer for a job well done? If so, congratulations on your efforts, and the windfall! You may be wondering about the most sensible thing to do with that extra cash. Should it go towards your mortgage, giving you a break from interest charges on a (typically) [...]
Your Investment Returns Are Down. Now What?
Long-term stock market performance is often described as looking like someone playing with a yo-yo while riding up an escalator. In the short term, the yo-yo keeps going up and down, representing regular market volatility. Over time, however, the markets, like the escalator, always rise steadily upwards. Nevertheless, it’s difficult for investors to watch their [...]
What is Socially Responsible Investing (SRI)?
We all want to make money from our investments, but some are more concerned than others about who they’re investing with, and how that company is generating income. Those who have strong feelings and opinions about where they want to invest their money participate in what’s commonly known as socially responsible investing, or SRI. Other [...]
RRSPs vs TFSAs: Which Should You Invest In?
There’s no question that Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are both vital parts of any solid personal finance plan. Under ideal circumstances, Canadians should maximize their available contribution space with RRSPs and TFSAs every year, putting that money to work by investing it wisely. In reality, of course, not everyone [...]
Spousal RRSPs: What Are They and Are They Right for You?
Plenty of Canadians plan for their future by investing money in Registered Retirement Savings Plans, or RRSPs. These plans offer two primary advantages. First, RRSP contributions help lower an individual’s annual tax bill because, up to an annual limit, the amount you contribute is deducted from your income when filing. The result: saving for retirement [...]
How to Get the Most out of Your TFSA
Plenty of Canadian investors take advantage of the benefits of a Tax-Free Savings Account, but some manage to do so a little bit better than most of the others. Since 2009, Canadian residents aged 18 and older have been able to earn tax-free income on a fixed annual amount through Tax-Free Savings Accounts, better known [...]
What’s the Difference Between Active and Passive Investing?
Ever heard a financial expert speak about active and passive investing strategies and wondered exactly what those terms really mean? We’re here to help you understand each of them, and their main differences. With that knowledge, you’ll be able to determine which strategy is right for you, or whether you might benefit from a mix [...]
How Much Money Do I Need Before Hiring a Financial Advisor?
A commonly held misconception is that only very wealthy people benefit from the services of a paid financial advisor. In truth, anyone who wants to grow their savings stands to gain by working with a financial advisor. You don’t need to be a millionaire, or even remotely close to it, to get valuable, practical advice [...]
Should You Invest During a Recession?
Between rising interest rates, a slightly rocky housing market, and some weak economic indicators south of the border, Canada could be at risk of entering a recession in the not-too distant future, according to some financial forecasters. A recession is typically defined as two consecutive quarters of negative economic growth but can sometimes be shorter, [...]
The Pros and Cons of Robo-Advisors
Robo-advisors can be an easy way for beginners to get started on a safe and sensible investment plan without needing to do any research, or make too many decisions. Robo-advisors are software programs that use a complex algorithm to build a balanced portfolio of stocks and bonds for each investor. The robo-advisor bases its choices [...]
4 Signs You May Need a Financial Advisor
Rapid advancements in technology and a proliferation of websites, apps, and even blogs such as this one has helped level the financial playing field, giving individuals the means to make better decisions and achieve their goals without always needing to consult an advisor. Still, despite the abundance of available tools and information, not everyone is [...]
What Are NFTs and Are They Worth Investing In?
One of the newest trends in investing is the rapid rise in popularity of NFTs. But what exactly are NFTs, how do they work, and are they a wise investment choice for your hard-earned money? What are NFTs? NFT is an acronym that stands for ‘non-fungible token,’ which is basically a fancy way of saying [...]
Is Now the Right Time to Invest in a Vacation Property?
One of the impacts of the COVID-19 pandemic has been a dramatic increase in the average sale price of cottages and vacation homes across Canada. With work-from-home the new reality for millions and international travel mostly halted, demand for domestic vacation properties has soared, pushing property prices up by as much as 40 percent. Of [...]
How Social Media Influences Investing
Ever since the advent of online chat rooms, internet users have gathered to share information and advice about investing. More than a quarter century after those early forums served as the place to go for stock market tips, social media networks have become the modern-day equivalent. These massive global networks boasting hundreds of millions of [...]
What are credit union investment shares?
Every so often, credit unions give their adult members the opportunity to invest in the success and financial well-being of their chosen financial institution. This is done by allowing members to purchase investment shares in the credit union itself. Investment shares aren’t the same as the membership shares that credit unions require new members to purchase when [...]
Cryptocurrency 101: How to Invest
In case you hadn’t heard, the price of Bitcoin has been on a tear. It began 2021 worth around $37,000 Canadian and, within two weeks, was over $50,000. By mid-March it crested at $76,000. Despite the slight decline that followed, there’s been talk of a spike to a whopping $300,000 by year’s end, with the [...]
What is an ETF?
One of the most popular investment vehicles available these days are ETFs, or Exchange Traded Funds. First established in 1993, ETFs now attract several trillion dollars in investment every year. Investors like ETFs because they’re a simple, flexible, cost-effective way to participate in the stock market while also building and maintaining a broad, diversified portfolio. [...]