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Interesting Stuff on the Web Volume 30

 

Interesting stuff on the web is what I have read through out the week. I read a lot of articles and there is always a few that I feel is worth you reading. Often I have a different opinion than the articles I post on Interesting Stuff On The Web but they are all well written pieces. Here are the links. Enjoy !!

 

The Best Day of the Week to Buy Index Funds /Dividend Geek “This post is inspired by a similar article from Rob@MustardSeedMoney. In his article Rob identifies the best day for investing in stocks as Monday. As someone who does a lot of passive investment and dollar cost investing I was intrigued by his conclusion. I decided to do the math to figure out if Monday is indeed the best day for dollar cost averaging on a weekly basis. Are you ready?”

Investment Risks All Investors Should Understand/Savvy New CanadianWhen it comes to investing, risk is par for the course. Acknowledging and understanding the risks your investments face is a key first step in ensuring your portfolio is designed to conform with your risk tolerance, investment objectives, and peace of mind.”

What’s the most important asset?/Retire Early Helen “As an early retiree, I got a lot of time to do day dreaming and self reflections. Lately I keep asking myself: “What’s the most important asset to me?”

Asset Allocation: Do You Have Canadian Home Bias?/Gen Y MoneyOne of the important tenets of DIY investing is to make sure your asset allocation is on track and ‘on point’. According to Investopedia, asset allocation is an investment strategy that balances risk and reward by looking at your time frame, your risk tolerance, and your investing goals.”

The New Millionaires | Concluding thoughts | Part 6/Dividend DiversifyWelcome back. This is the sixth and last part of the series on building and analyzing wealth in America. Today we focus on conclusions regarding new millionaires. But, before we get started, I would like to provide a quick recap of the series.”

 

 

 

 

Don’t wait for retirement to enjoy life !!

Cost of University in Canada

 

For new students, applications and enrollment for 2018/2019 school year starts now. Here is a few stats to help navigate thru the financial side of the cost of university in Canada.

 

Cost of Tuition

Source:   Statistic Canada

Tuition for undergraduate programs for Canadian full-time students was, on average, $6,571 in 2017/2018, up 3.1% from the previous academic year. The average cost for graduate programs was $6,907, a 1.8% increase over 2016/2017.

Across Canada, the increase in undergraduate average tuition fees for 2017/2018 ranged from 0.1% in Alberta to 5.5% in Nova Scotia.
Tuition fees for Canadian graduate students were unchanged in Alberta and Newfoundland and Labrador, and rose in the remaining provinces, with increases ranging from 0.8% in British Columbia to 2.8% in Nova Scotia.

Compulsory Fees

Additional compulsory fees vary by institution, typically they include fees for athletics, student health services and student associations. On average, additional compulsory fees were $880 in 2017/2018. With an additional $773 on books.

Conclusion

Canadian University Survey Consortium surveyed more than 18,000 graduating university students from 36 Canadian universities for its 2016 annual report. The average student owed $26,819.

By knowing the fees and tuition of the university you are attending beforehand will help plan the cost of university education. Also check for eligible scholarships and bursaries as each province and university is different.

 

Here is the link to MoneySense : They asked 6 questions: average cost of school, books, groceries, where they received their money, how much debt etc.(They have cool infographs.)

 

“Anyone who stops learning is old, whether at twenty or eighty, anyone who keeps learning stays young.”
– Henry Ford