NSSC Blog: Before You Invest

June is Seniors Month

Submitted by nsscadmin on Mon, 06/03/2019 - 10:00

The Nova Scotia Securities Commission is launching a new page on their website in June focusing on “Investing Information for Seniors.” This website will include two new printable information sheets:

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Question of the Week – What are commodities and how do they pertain to investing?

Submitted by nsscadmin on Wed, 05/29/2019 - 10:00

Commodities are basic goods that are in high demand across the globe. They are generally uniform in quality and utility regardless of their source. Think of it this way. Wheat is a commodity. The last time you bought a large bag of flour at the grocery store did you think about where and what kind of wheat was sourced to make your flour? Chances are the answer is no.

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Question of the Week – What is the difference between distributions and dividends?

Submitted by nsscadmin on Wed, 05/22/2019 - 10:00

Both distributions and dividends are typically cash payments made to investors. Where they differ is where they come from.

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Question of the Week – What is the difference between a common and preferred share?

Submitted by nsscadmin on Wed, 05/15/2019 - 10:00

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.

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Question of the Week – How does compound interest work?

Submitted by nsscadmin on Wed, 05/08/2019 - 10:00

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.

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Question of the Week – What is an RRIF?

Submitted by nsscadmin on Wed, 05/01/2019 - 10:38

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.