Personal Finance

5 Best Discord Bots For Finance And Investing

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When it comes to financing, data helps. More importantly, accurate data helps. However, when you want data quickly, alternating between different apps and tabs shaves off seconds from your trades which can be disconcerting. That’s where Discord bots come into play. Discord bots are AI that helps you automate a lot of your financial needs like tickers, prices and percentage changes. Here are five of the best Discord bots for finance and investing.

The Ultimate Guide to Help you Report your Crypto Wealth to the CRA

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The Bitcoin and crypto frenzy has returned. Many new-age investors are looking at crypto as an investment asset. But there are debates over its sustainability as many regulators do not consider Bitcoin or other cryptocurrencies like Litecoin, Dogecoin, or Ethereum as a legal currency. Canada is taking a step closer to accepting Bitcoin and even introduced Bitcoin ETFs. The Canada Revenue Agency (CRA) is also cracking down on the crypto gains for taxes.

The Best Social Networks For Canadian Stock Traders and Investors

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People who want to create wealth and build a better financial future are always on the lookout for information and advice that can help them fulfill their goals. Often, investors, experts or budding, attempt to do this by connecting with other people online through communities like Facebook, Reddit, and various other stock forums.

9 Top Clubhouse Rooms for Finance, Investing, and Stocks Discussion

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Clubhouse is fast turning out to be one of the best places to talk about finances and wealth. The audiocast social network has multiple rooms that are educating people about finance, stock markets and helping them to create wealth. Rooms generally work very simply: They put up a topic for the day and get in experts to come in and talk about finance. The room opens up to questions after a certain period and the audience can clear any queries they might have.

Here are some of the best financial rooms on Clubhouse:

How to Trade Stocks Using Your TFSA Without Getting a Huge Tax Bill

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The TFSA is one place where you can invest in stocks, bonds, ETFs, mutual funds, and GICs traded on designated exchanges. This means you can invest in securities trading on the TSX, the NASDAQ, and the NYSE. The only prerequisite for opening a TFSA is you should be above 18 years of age and have a valid Social Insurance Numbers (SIN).

What is the Most Recommended Frequency to Rebalance your Portfolio

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Rebalancing your portfolio is important to understand for DIY investors looking to build long-term wealth. When building an investment portfolio, you usually choose diversified asset classes (stocks, bonds, ETFs, etc.) and an allocation for each of them. Over time, your portfolio allocation shifts with the markets and could be very different from what you intended. This is when rebalancing is needed.

This article will cover all you need to know about rebalancing: What is it? Why is it important? When should I and how often should I rebalance?

Value Investing: Why it Will Overtake Growth Stocks in 2021

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“Value investing is making a comeback.” This statement has been doing the rounds of finance circles for quite some time, it started around 2019 and then grew louder in the first quarter of 2020 before COVID-19 arrived and put value stocks firmly in their ‘place’ for the rest of the year. However, the second half of 2021 might actually see solid movement in the value investing space as economies reopen, vaccination roll-outs gather pace, and the world recovers from the pandemic.

Leveling the Playing Field for Private Investments

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Over the past two decades, a disturbing trend has emerged in the tech world. The fastest-growing startup companies are staying private longer than ever before.

According to research by Scott Ritter, who studies public markets as a Professor at the University of Florida, the average age of a tech company at IPO in 1999 was just four years. By 2014, the average age of tech companies going public had reached 11 years.

Companies are going public today as much larger, more mature companies. Venture capitalists and other private investors fund huge private investments into companies that could certainly go public if they wanted to. This delays the need for many companies to IPO. The result is that these private investors scoop up gains that used to go to public markets.

How to Follow DIY Investing for Retirement

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DIY investing – short for do-it-yourself investing – has become increasingly popular.

This is because it is a low-cost, customizable way to build a long-term investment portfolio.

Unfortunately, the finance industry wants you to believe that investing is difficult and that you need a finance degree. The truth is, you don’t have to be a finance professional to invest in the stock market. However, there are a few concepts and strategies you should understand before you begin managing your investments. In this article, I will teach you how to follow a DIY investing strategy for retirement.

The Definitive List of eToro Alternatives for Canadians

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When it comes to stock trading, an aspect that is severely overlooked is the social side of things. Like other professions, hobbies, and interests there is usually communities or networks where like-minded people can discuss together to learn and get a better grasp of ideas. Within stock trading and stock investing, there are a plethora of tools and services that allow you to get better data and make traders faster and cheaper, but there still aren’t enough social sites that provide value to their members. Sure there are many stock investing forums already in existence but there are limited networks designed to discuss and see what others are trading in real-time. eToro is a great site that allows it’s users to copy porfolio’’s of others, something that is beginning to be known as social trading. Unfortunately Canadians are taken to a page all to familiar when trying to go on eToro’s website.

Understand your Risk Set Point and Make Better Decisions

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I was watching the movie Free Solo the other day, and it got me thinking about trading. The movie, which recently won the Academy Award for Best Documentary, follows the mountain-climber Alex Honnold as he attempts the first free solo ascent of Yosemite’s El Capitan 3000 ft rock face. Free solo means, rather unbelievably, climbing alone without the aid of ropes, fixed gear, or any other protective equipment. One slip, one wrong move and you inevitably fall to a grisly death on the valley floor. A death which has claimed many of Alex’s friends over the years.

Trading System and APIs: Everything You Need to Know

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Not too long ago, a majority of financial trading took place over the phone. Back then, if you wanted to buy or sell a stock, you had to call your broker and have them make the transaction for you. However, this process is no longer necessary thanks to the development of trading systems through the use of APIs. In this article, I will be discussing everything you need to know about trading systems and the APIs that help build them.

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