We’ve discussed shares several times in our blog posts, but today we’re going to look at the specific difference between common and preferred shares.
NSSC Blog: Before You Invest
It may be an urban legend, but Albert Einstein reportedly once said that compound interest is “the most powerful force in the universe.” Compound interest can be a great tool to help investors quickly grow their money. However, if you owe money that is being compounded it can be detrimental to your finances.
If you’ve been putting money away in an RRSP account for your retirement, eventually you’ll need to transfer it to an RRIF. Despite the fact many people have put aside money in an RRSP, few know what an RRIF is, or that they’ll need one when it comes time to retire.
Annuities are financial products that delivers a steady payment to an individual. They are primarily used as an income stream for retired people.