6 Must-Read Articles from The Globe and Mail on Personal Finance

Personal finance is one of the most important topics that one needs to understand to manage their financial well-being. The Globe and Mail has been an excellent source of information when it comes to personal finance, with a number of articles providing different perspectives on the topic. In this article, we will take a look at six must-read articles from The Globe and Mail on personal finance.

1. “Why Canadians need to think about retirement differently” by Rob Carrick

In this article, Rob Carrick discusses the changing retirement landscape in Canada. He explains that with the decline of traditional pensions and the increasing life expectancy, people need to start thinking about retirement differently. Carrick argues that one of the best strategies for retirees would be to have a diversified portfolio that consists of both equities and fixed income, with a strong focus on dividend-paying stocks.

2. “Is Canada’s housing market heading for a crash?” by John Daly

In this article, John Daly discusses the current state of Canada’s housing market and whether it is heading for a crash. He explains that the rapid increase in housing prices in recent years has led to concerns over the sustainability of the market. Daly argues that a combination of factors, including the government regulations and the increase in interest rates, could lead to a correction in the housing market.

3. “Investing in technology: Why it’s a good deal” by Tim Shufelt

In this article, Tim Shufelt talks about the potential of investing in technology companies. He explains that technology companies are leading the world in terms of innovation and growth, with many companies showing strong financial performance. Shufelt argues that investing in technology companies can be a great opportunity for investors looking to diversify their portfolios.

4. “Preparing for the inevitable: Estate planning mistakes to avoid” by Kira Vermond

In this article, Kira Vermond outlines the common estate planning mistakes that people make and how to avoid them. She explains that many people fail to plan their estate properly, leading to unnecessary stress and financial burdens for their loved ones. Vermond stresses the importance of having a will, choosing the right executor, and considering the tax implications of the estate plan.

5. “Maximizing your TFSA: A guide to getting the most out of tax-free saving accounts” by Brenda Bouw

In this article, Brenda Bouw explains how tax-free saving accounts (TFSA) work and how to maximize their benefits. She explains that TFSAs offer a number of advantages over other types of savings accounts, including tax-free growth and withdrawals. Bouw provides practical tips for investing in TFSAs, including choosing the right investments and taking advantage of the contribution limit.

6. “Lessons from the millionaire next door: How to invest like a pro” by John Reese

In this article, John Reese shares the insights and strategies of millionaires and how to invest like a pro. He explains that millionaires often have a disciplined investment approach and pay close attention to the fundamentals of the companies they invest in. Reese argues that by focusing on factors such as earnings growth, sales growth, and dividends, investors can maximize their returns.

In conclusion, personal finance is a crucial aspect of our lives, and reading up on different perspectives can help improve our understanding of the topic. The six articles from The Globe and Mail that we have discussed in this article provide insightful information on retirement planning, investing, and estate planning. By applying the strategies and insights provided in these articles, we can take proactive steps towards managing our financial well-being.