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First observed by the United Nations on June 15, 2012, World Elder Abuse Awareness Day (WEAAD) recognizes that nearly every country across the globe is experiencing a substantial growth in the number of older persons, Nova Scotia included. The most recent census showed that 22.2% of Nova Scotia’s population is 65 years of age or older.
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The fifth part of our psychology of investing series takes a closer look at anchoring. Have you ever been stuck on an original piece of information that has a strong effect on your decision making? It may have been anchoring.
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June is Seniors Month. Throughout the month the Nova Scotia Securities Commission will be sharing investor education content relevant to seniors and their families on our website and social media channels and delivering presentations to seniors’ groups. Here is a closer look at some of the content and presentations we have scheduled.
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Earlier this month we reviewed the Client Relationship Model Phase 2 (CRM2) required Annual Performance Report that outlines how your investment account has performed over the previous 12 months.
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The fourth part of our psychology of investing series takes a closer look at loss aversion. Have you ever held onto an investment longer than you should because you were afraid of taking a loss? This may have been due to loss aversion.
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Do you know how your investments are performing annually? Thanks to rules introduced by the Client Relationship Model Phase 2 (CRM2) investors must receive an annual performance report outlining what has happened in their account over the previous 12 months.
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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.