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The third part of our Psychology of Investing series takes a closer look at overconfidence bias. Overconfidence can be extremely dangerous when you’re investing as it can lead to financially harmful decisions that can affect your short and long-term financial situation.
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Our latest regulatory review looks at all regulatory releases and notices issued by the Nova Scotia Securities Commission and the Canadian Securities Administrators (CSA) since February.
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The second part of our Psychology of Investing series takes a closer look at herding behaviour. Everyone likes to think they are their own person and that they would not get swept up in what is popular or trendy. However, psychologically most people do like to follow the crowd and be one among the many.
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Canadians are carrying around a lot of debt. According to Transunion, the average balance on Canadian credit cards in the third quarter of 2024 was $4,562. That was up nearly seven percent from 2023. That debt is growing because according to a recent survey of Canadians, 48% carry credit cards balances month to month.
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Today we’re launching a large 10-part series on the psychology of investing.
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The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions.
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The losses to investment fraud continue to surge in Nova Scotia and throughout Canada. We’re talking millions of dollars lost last year and high value losses continue to be reported to the Nova Scotia Securities Commission (NSSC) through the first three months of 2025.
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Nova Scotians have lost millions of dollars to crypto-related frauds in the past year. It is estimated that crypto-related fraud losses in North America during that time are more than a billion dollars. If you are interested in investing in crypto assets, or maybe you already are, there are questions you should ask yourself to help better protect your money and yourself from what is often a catastrophic, unrecoverable financial loss.
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One of the Nova Scotia Securities Commission’s (NSSC) mandates is to protect investors. One of the ways we do that is by issuing investor alerts and cautions. This could be an alert that an individual, company, or website is illegally soliciting Nova Scotia investors without being registered, or that a Nova Scotia resident has lost money to a fraudulent investment.