Let’s start with what they’re not for: parking cash and looking for interest. It seems, because of the misleading name of the TFSA, tax-free savings account, that many people think it is an account best used to save money and accrue interest. While some banks will provide a high(ish) interest rate for cash in a TFSA, the reality is that this is far less than even a conservative investment in an ETF or mutual fund. Keep Reading
The Paper & Coffee is on a mission to make finance fun, so we’re making it social – just as it should be! This November 23rd we’re hosting our first event in Gastown, Vancouver. We’ll have a panel of personal finance experts (featuring WealthBar CEO Tea Nicola, Voleo CEO Thomas Beattie, and Mogo Money Financial Fitness Coach Chantel Chapman!), and a moderator (me!), to lead you through a discussion about the current financial industry and how as millennials, we fit into it.
