21
Sep

The Different Types of GICs and Term Deposits

We’ve written about Guaranteed Investment Certificates (GICs) a lot lately. I know this because before I fell asleep last night, I started thinking about the different GIC types.  Afterward, I immediately thought, this is a really weird thing to think about right now. So, since my mind is fixated on the details surrounding GICs, let’s go one step further and

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14
Sep

Cashable GICs vs. Redeemable GICs

Cashable GICs vs. Redeemable GICs   GICs require commitment. And commitment is tough. Don’t take my word for it, though. Just ask that one distant aunt of yours. Let’s call her Aunt Darlene. You know the one—she’s the aunt who isn’t really your aunt. The one that insisted you called her Aunt Darlene over the years until the name just

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22
Jun

What is Alternative Lending?

Ask any small business owner how they got their business off the ground. Maybe they’ll tell you how they bootstrapped their initial business idea with a handful of personal credit cards. Or maybe they were luckier than that. Maybe they had an initial upfront investment, a kind of nest egg from a close family member, some rich Uncle Norman who

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22
Jun

What is a Term Deposit?

Safe and Simple Investing with Term Deposits Imagine taking a handful of cash, digging a small hole in your backyard, and planting that cash in the ground. You pat the soil with your shovel. Wipe the sweat from your forehead. Sure, it may seem a little insane. Maybe the neighbours start talking, but it doesn’t faze you. You’re finally doing

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22
Jun

What Is a Non-Bank Financial Institution?

Isn’t a Non-Financial Institution Still a Financial Institution? Ok, so maybe it’s not the best name. After all, you wouldn’t call a bicycle a non-skateboard. Just like you wouldn’t call a horse a non-cow or an airplane a non-bird. You see where I’m going here. But sometimes—even despite personal intuition, common sense, and logical rationalization—ridiculous things still happen. (Think presidential

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22
Jun

What is Consumer-Directed Finance?

What’s the Difference Between Consumer-Directed Finance and Open Banking? First off, let’s get all the confusion out of the way. If you’re wondering what consumer-directed finance means, there’s a good chance you’re also wondering what open banking means. And that’s not your fault. The terminology around how industry players and advisors talk about the financial services framework has evolved since

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