Happy Holidays!
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There's no new Before You Invest blog post this week or next week as we take a break for the holidays. Happy Holdays everyone, we’ll see you in 2020 with more investor education information!
NSSC Blog: Before You Invest
Question of the Week: What is a white paper?
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We had a question sent to us asking what a white paper is in connection to cryptocurrency and initial coin offerings (ICOs). We’ll be speaking toward what a white paper is in that context.
Question of the Week: What is a promissory note?
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A promissory note is a financial instrument that is a written promise from one party to pay back another party a set sum of money, either on demand or at a specific date in the future.
The promissory note contains all the terms of the borrower’s indebtedness. This includes the principal amount of the loan, any interest rate applied to the loan, the maturity date, and the date and place the note was issued.
Question of the Week – What is a debenture?
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A debenture is a type of debt instrument that is similar to a bond in that it is issued by a company or a government as a way of raising capital. Unlike a bond a debenture is not secured by collateral and must rely on the credit rating and reputation of the issuer for support.
Question of the Week – What is Forex?
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FOREX is the Foreign Exchange Market. It is a global, decentralized over-the-counter market for the trading of currencies. FOREX allows anyone to exchange one form of currency for another. For example, Canadian dollars for US dollars, British Pounds or EUROs.
Question of the Week – Where can you find a mutual fund’s full investment holdings?
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One of our readers sent in a question last week after looking over our old post on Fund Facts.
Question of the Week – What affects the value of a stock?
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One of our readers is a keen follower of the stock market. They aren’t heavily invested in stocks, but they enjoy monitoring the price of some local companies and some well-known blue chips. After observing some wide fluctuations and volatility over the years they want to know what factors affect the value of a stock?
Question of the Week – What is the consumer price index?
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The consumer price index (CPI) is used to determine the changes in consumer prices experienced by Canadians. The CPI is determined by looking at the change in cost over time of a fixed basket of goods and services that are purchased by consumers. The basket always contains the same quality and quantity of goods which allows the CPI to reflect the pure price change.
November is Financial Literacy Month!
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Across Canada November is Financial Literacy Month! Financial literacy organizations will be running campaigns and programs coast to coast all month long and the Nova Scotia Securities Commission is getting in on the fun.
Back to Basics: Finding an Adviser
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There should be more involved in finding an adviser than simply choosing the first person you find when searching on Google. Choosing the right adviser for you takes some time and effort. After all, we’re talking about the person that you’ll be trusting with your money and your financial goals.
When looking for an adviser you may want to ask for referrals from friends or family, or start the search on your own. Either way make sure you can answer the following questions to your satisfaction.