Many years ago, I posted the perfect banking solution. Well, I'm going to update it. No...tweak it, a bit. The core philosophy has remained the same and is this: Separate the daily transactions away from your large investments. Essentially, we have 3 tiers of risk: Tier 1. Super Safe: This bank is connected to your brokerage, ...
It's that time of the year again, Christmas vacation, snowbirds flocking down south. Many of us will be needing US dollars to spend south of the border. You go to the bank and get quoted a rate of 1.19 when the spot rate is around 1.16. That is almost a 3% premium! You begin to ...
So far, I only had a vague idea of what this exclusive account is. You had to have over $500,000 in invest-able assets or generate over $5,000 in commissions. I heard of rumors that you get cool benefits such as exclusive events. It is pretty much the Centurion Card of TD Waterhouse. Today, while I was ...
I have to admit, at it's current state, my wallet is pretty bloated. I figured to make this post to review the contents of my wallet and whether I need the cards in there or not. Currently, I am carrying: 1. TD Debit Bank Card- I rarely use this. However, this is an emergency precaution. If I ...
The key to having good financial goals is to have a good plan. A good banking solution is the foundation for a good plan. If you care at all about your finances, at the very minimal, this is what you should have: A. If your monthly credit bills are $2000, then that single credit card limit should ...
Most of the Big 5 Canadian banks offer special accounts for high networth individuals. All of the accounts have similar and really marginal benefits and is just for bragging rights really. However, I've taken all of their benefits and compared it side by side. *Note that not all fees are reflected in the tables below. They ...