I like the idea of owning real estate - but I don’t want the headaches of being a landlord. If that sounds like you, then you basically have two options: Invest in Canadian Real Estate Investment Trusts (REITs) Or Invest in Canadian real estate stocks. Personally, I’m a massive fan of investing in Canadian bank stocks, and that gives me enough exposure to Canadian real estate - which is why I have three of the banks amongst my picks for best Canadian dividend stocks. Canadian Real Estat...| Million Dollar Journey
Investing in Canadian REITs can help investors include real estate investments in their portfolios without radically changing their way of life. Sure, you can buy a property and become a landlord, but if that’s not your bag (or if you don’t have that kind of time, energy, and, let’s face it, cash), you can invest in Canadian REITs (Real Estate Investment Trusts) and gain exposure to the real estate market in bite-sized chunks. Canadian REITs are fairly easy to invest in, given that they...| Million Dollar Journey
If you’ve been following MDJ for a while, you will come to learn that I’m a fan of two investing strategies, index investing and investing for income through Canada’s best dividend stocks. I like index investing (also known as passive investing) for its ease, low cost, and ability to beat most active mutual fund returns over the long term. I use this strategy for: my spousal RRSP; the international portion of my RRSP; and, the education fund (RESP) that I set up for my two kids. Divid...| Million Dollar Journey
When I first started writing about Canadian personal finance twenty years ago, my list of the best ETFs in Canada could fit on a napkin. There were no Canadian all-in-one ETFs, no catchy tickers, and definitely no slick marketing campaigns. ETFs were basically niche tools used by hardcore index investors and a handful of spreadsheet-loving DIY types. Fast-forward to today, and the landscape has completely changed. While I still hold a solid chunk of Canadian dividend stocks in my portfolio, l...| Million Dollar Journey