• Home
  • About
  • Recommended Reading
  • Disclaimer
  • Privacy Policy
  • Advertise / Contact

Invest It Wisely

Maximizing your EV in life

  • Home
  • Growing Your Wealth
  • Small Business Solutions
  • Healthy Living
  • Miscellaneous

Getting Screwed Out of Your Hard-Earned Capital: How CDs and GICs Are Rip-Offs for Long-term Investing

By Kevin

  Is there such a thing as a guaranteed rate of return? There seems to be a trend for people to “flock to safety” by buying certificates of deposit (CDs) or their Canadian equivalent, guaranteed investment certificates (GICs). There is no risk if a capital loss, at least in nominal terms.   However, money is… [Read More]

Filed Under: Economics, Growing Your Wealth, Investing, Market Analysis, Miscellaneous, Opinion, Saving Your Money Tagged With: Canada, Certificate of deposit, Guaranteed investment certificate, Inflation rate, interest, Interest rate, Rate of return

Should I Convert My Variable Rate Mortgage to a Fixed Rate Mortgage?

By Kevin

Chart of variable mortgage @ 2.30% versus a fixed rate mortgage @ 2.99%, 4 years, interest payments. Variable rates increase by 100 basis points per year

With recent bank promotions of 2.99% fixed for four years (some even for five years!), there have been a lot of discussions on whether it’s a better deal to go for a fixed-rate or not. What do you think? Better to go for a fixed-rate, or a variable-rate? In this post, I’ll compare both scenarios,… [Read More]

Filed Under: Growing Your Wealth, Paying Down Debt, Real Estate, Saving Your Money Tagged With: Basis point, Canada, Fixed interest, Fixed rate mortgage, Floating interest rate, Interest rate, Mortgage loan, mortgages

What’s the Right Mortgage for Me?

By Kevin

Picking the mortgage that you are going to run with is a big decision whether you are moving home or a first-time buyer, so doing your homework is key. Knowing what is right for you is something that can only be decided by people who know your circumstances and background. Whether you’re looking at the… [Read More]

Filed Under: Real Estate Tagged With: business, Financial Services, Fixed interest, Fixed rate mortgage, Interest rate, Loan, Mortgage loan, mortgages

Can Credit Cards Grow Your Wealth?

By Guest

The following is a guest post. In the mission to attain financial independence, you must consider every aspect and road to your goal. You have constantly evaluate your financial position, and any adjustments you need to make along the way. The trick is to be dedicated to your goal as well as remain flexible to… [Read More]

Filed Under: Paying Down Debt, Saving Your Money Tagged With: Balance transfer, Credit card, debt, Interest rate, MBNA

About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

Subscribe!

Subscribe via RSSSubscribe via EmailSubscribe via TwitterSubscribe via Facebook

Most Popular Posts

  • How to Get Fit, Feel Better, and Get Rid of Your Foggy Head: A Few Simple Steps
  • 3 Frugal Ideas for a Romantic Valentine’s Day
  • What Would You Do with a Million Dollars?
  • The Importance of Opportunity Costs, and Why They Should Not Be Ignored
  • What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?

Categories

  • Avoiding Scams
  • Book Reviews
  • Crypto Trading
  • Currency Trading
  • Economics
  • Financial Freedom
  • General Reviews
  • Growing Your Wealth
  • Healthy Living
  • Insurance
  • Interviews
  • Investing
  • Investing
  • Market Analysis
  • Miscellaneous
  • Motivation
  • Opinion
  • Paying Down Debt
  • Philosophy
  • Precious Metals
  • Reader Questions
  • Real Estate
  • Relationships
  • Saving Your Money
  • Small Business Solutions
  • Stories
  • Uncategorized
  • Weekend Reading

Archives

Invest It Wisely Copyright © 2016
Creative Commons License
This work by Invest It Wisely is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License
Permissions beyond the scope of this license may be available at http://www.investitwisely.com/contact