Resources
Get Smarter About Money
This comprehensive site sponsored by the Ontario Securities Commission (OSC) is a great source of basic investment knowledge, saving, retirement and money matters generally.
Online Discount Brokers
For recent independent reviews of online discount brokers, just input “Canada discount brokerage comparison” into your browser.
Selected online discount broker websites:
www.bmo.com/investorline/self-directed/
www.td.com/ca/products-services/investing/td-direct-investing
Robo-Advisors
For recent independent reviews of robo-advisors, just input “Canada robo advisor comparison” into your browser.
Selected robo-advisor websites:
Selected fee-for-service advisor websites:
I have not audited the services of any of these advisors. This listing is for convenience only and does not represent recommendations.
www.objectivefinancialpartners.com
Selected index ETF provider websites:
www.bmo.com/gam/ca/advisor/products/etfs
Selected retirement planning calculators:
https://www.tdcanadatrust.com/products-services/investing/retirement-savings-calculator/
www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html
www.mymoneycoach.ca/calculators/fund_retirement.html
http://www.canada.esplanner.com
Selected websites focused on savings:
https://www.canada.ca/en/services/finance/manage.html
Selected budgeting tools:
www.canada.ca/en/services/finance/tools.html
Many banks provide free online budgeting tools.
Books
The Little Book of Common Sense Investing by John C. Bogle, 2007
Jack Bogle, founder of Vanguard Funds, created the world’s first low cost index fund. This is a fantastic little book that focuses on the merits of simplicity, long term compounding, keeping costs low and utilizing index funds. Low cost index funds are not the sole solution for every investor but they are part of the solution for many.
Check out this Globe and Mail article highlighting several excellent investing books.
Video Content
Index Funds – The Movie
www.ifa.com/indexfundsthemovie/
Check out this very revealing and award-winning film. It will take you just over one hour or you can choose to watch it’s 12 short segments separately. There is some jargon but the hosts do a great job of making it simple.