How to Save Money on Your Mortgage + 2024 Housing & Interest Rate Update
Build Wealth Canada
by Kornel Szrejber
3w ago
With inflation slowing down here in Canada, we are starting to hear talks about the Bank of Canada no longer planning to increase our interest rates, or maybe even lowering them. This can have an impact on your investment portfolio, particularly if you hold bonds, because remember there is that inverse relationship between interest rates and bonds, where increases in the interest rate tend to lower the value of the bonds that you hold in your portfolio. On the flip side, if the Bank of Canada lowers our rates, you can expect your bonds to increase in value. Apart from your investments, the int ..read more
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Important Tax & Investing Changes for 2024 (for Canadians)
Build Wealth Canada
by Kornel Szrejber
2M ago
Today, we’re going to cover what you need to know from a tax, investing, and financial planning perspective as we head into this new year. As you know, the government makes changes every year in these areas and the implications of these changes can have a pretty substantial impact on how much you pay in taxes, your net worth, what government benefits you are eligible to get, and how much you get. These can easily affect your net worth in the thousands of dollars every single year, so it’s definitely in your and my best interest to know about these changes and get a bit of a refresher, so that ..read more
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Where to Park Your Cash? Regulatory Changes & What Are Your Options in Canada?
Build Wealth Canada
by Kornel Szrejber
3M ago
We’ve all heard of high interest savings accounts that we can open up at our bank. But is that always our one and only best option when it comes to where we keep our short term cash? What about for things like our emergency fund, or when we are saving for something expensive like a car and we want that money to be available immediately when we need it, and not be subject to the sometimes large day-to-day fluctuations that we see in the stock market? In this episode, you are going to learn what your options are, here in Canada, when it comes to that short term cash that you want to be read ..read more
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How to Live Off Your Investments in Canada - Kyle Prevost
Build Wealth Canada
by Kornel Szrejber
4M ago
In this episode, you’re going to learn: How to deal with the volatility of the stock market, once you are financially independent and are living off your investments: There are many schools of thought and structures when it comes to dealing with this challenge here in Canada. Retirement expert, Kyle Prevost takes us through his research on the top recommended and respected structures that he has uncovered for us Canadians. We also go through Kyle’s research on the optimum location for the fixed income portion of your portfolio. Traditionally the advice has been to keep fixed income like bonds ..read more
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4 Steps to a Worry-Free Retirement in Canada - Kyle Prevost
Build Wealth Canada
by Kornel Szrejber
6M ago
In this episode, our guest Kyle Prevost is going to take us through how much we need to retire, as Canadians, and how much can we sustainably withdraw from our portfolio to not run out of money once we retire. If you are a long-time listener of the show, then by now you would have definitely heard of the 4% rule, which helps answer these two questions. But, the 4% rule was created by Americans, for Americans, so how do all those findings and statistics apply to us Canadians?  (If you are new to the show, then don’t worry, we’ll go through what the 4% rule is, and the many caveats that exi ..read more
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Paying Less in Interest, Getting the Right Mortgage (New or Renewal), Handling the Higher Interest Rates in Canada
Build Wealth Canada
by Kornel Szrejber
7M ago
With the multiple interest rate hikes that we’ve been experiencing here in Canada, many Canadians have seen their monthly cashflow take a hit, whether it’s because you have a variable rate mortgage, a line of credit, or other forms of debt. So what are your options if you’re paying more than you’d like on your interest payments, or maybe you have that mortgage coming up for renewal and you’re going to have to make that multi-thousand dollar decision on how you’re going to proceed? Should you go with a fixed or variable rate mortgage when interest rates are high like they are right now? Keep in ..read more
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Lessons on Mastering Money in Canada - Featuring Fred Masters
Build Wealth Canada
by Kornel Szrejber
8M ago
Today we have Canadian author and speaker Fred Masters on the show. Fred has been a professional financial educator for decades here in Canada. He speaks at different universities to students and alumni, teaching financial wellness. In this episode, he’s going to share his findings on: What he’s found to be the main problem areas that tend to prevent us Canadians from reaching financial independence years earlier.  What type of investing he has found to be the most effective in helping us achieve early retirement as quickly as possible here in Canada. Fred is also the author of the ..read more
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How to Optimize Your Investments to Pay the Least in Tax (for Canadians)
Build Wealth Canada
by Kornel Szrejber
10M ago
Today, you’re going to learn how you can save money on your investments, by having the right investments, in the right accounts so that you pay as little tax as possible here in Canada. For example, if you hold Canadian stocks, or ETFs that hold Canadian stocks, should you put those in your RRSP? Your TFSA? Or your taxable account? Which one of those is the most tax efficient? What about your US and other international ETFs and stocks? What accounts should they go into so that you pay the least foreign tax on those investments? For us Canadians, different investments are taxed differently depe ..read more
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How Much Should You Optimize Your Investment Portfolio? The Pros and Cons of Each Approach
Build Wealth Canada
by Kornel Szrejber
10M ago
Today, you are going to learn about how much you can save in fees and taxes on your investments, depending on how much time you want to spend optimizing your investment portfolio. In Canada, there are inexpensive options that make things extremely easy and automated for you, but they are slightly more expensive and slightly less tax efficient. On the other end of the spectrum, there are other investments available to Canadians that are as optimized as you can get in terms of keeping your fees low, and saving you money on both Canadian and international taxes. The trade-off though, is that thes ..read more
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Active vs. Passive Investing: Interview with S&P (S&P 500, Dow Jones) & How to Choose the Right ETFs
Build Wealth Canada
by Kornel Szrejber
11M ago
In this episode, I interview S&P, the creator of the S&P 500, Dow Jones, and many other popular indices used around the world by millions of investors.  On today’s interview, we’re going to be covering the SPIVA scorecards which are semiannual reports published by S&P that compare the performance of active funds (i.e. active investing) vs taking the passive index investing approach. In other words, when you hear the debate of whether you should be a passive index investor, or an active investor, the SPIVA scorecards actually look at how well the active managers have done compa ..read more
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