With the rising popularity of cryptocurrencies and initial coin offerings (ICOs) Blockchain has also become a very popular subject among investors and those interested in finance overall. Most people that aren’t cryptocurrency adapters or ICO investors have a hard time understanding what blockchain is.
NSSC Blog: Before You Invest
We’d love to say that all Canadians have a strong knowledge of investing and finances, but according to our most recent Investor Index Survey that most likely isn’t the case.
The Canadian Securities Administrators (CSA) conducted their most recent Investor Index Survey earlier this year. Similar surveys have also been conducted in previous years, including 2009 and 2012, which can be found on the CSA website.
We get this question occasionally from people cleaning out an old desk or office, executors of estates and relatives cleaning out a deceased’s old safety deposit box. Companies may not issue stock certificates anymore, but there are still plenty gathering dust out there. So, if you find out in a drawer or amongst your parent’s old financial papers what can you do with it?
In order to be able to recommend an investment product that is suitable for a client’s investments needs and objectives, a financial adviser is required to take reasonable steps to know his or her client. This is called the “Know Your Client” or “KYC” obligation.
Automation is affecting many industries and investment is no exception. You may have heard about robo-advisers on the news or online when researching your investment options. The word robo-advisers makes it sounds like your giving your money to robots to invest. That’s not far off actually.
The first week of October is a busy week for investor education. Not only is October Investor Education Month, but Oct 2-9 is also the first annual World Investor Week.
Throughout World Investor Week keep an eye on our Twitter feed and our blog for investment information you can use on choosing an adviser, the client-adviser relationship, robo-advisers, the new binary options ban and more.
The Community Economic and Development Fund (CEDIF) was launched in Nova Scotia in 1999 as a way for Nova Scotian’s to invest in local enterprises. Under the CEDIF program Nova Scotia residents can invest in local enterprises and may receive a tax credit for their investment.
In a previous post on mutual funds we briefly mentioned Fund Facts and some of the information they include. Fund Facts must be filed by all mutual funds annually and they must be updated whenever there is a material change to the fund.
An Exchange-Traded Fund, or ETF as they are commonly known, are an investment fund traded on a stock exchange that holds assets such as stocks, commodities or bonds which track an index or specialize in a specific sector such as technology.