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These days, an independent investor can manage his or her portfolio with a few clicks and be the master of his or her own financial destiny. Far from being marginal, nearly a quarter of Quebec investors now do independent investing

Investments are often compared to purchasing a car: each model is good for certain people for different reasons. Also, in the world of investments, two vehicles in particular are currently attractive to investors: mutual funds and exchange traded funds (ETFs). In order to make an informed decision, here are the main differences between these two investment solutions.

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While money contributed to an RRSP is taxable when withdrawn, contributions to a TFSA are made with after-tax dollars and are not subject to any further taxation. As a result, every dollar in a TFSA will be earning tax-free interest.

Anyone who has followed the economic headlines in recent years has heard plenty of concern being raised over Canada’s burgeoning debt-to-income ratio. For many, the figure is alarming, yet they don’t know what their own debt-to-income ratio actually is. But don’t worry if you find yourself in that majority, since even economists differ on what it really should be.

If you are working for a company that offers a Group RRSP, chances are that the plan is worth looking into. Essentially, a Group RRSP is a fund set up by an employer which is comprised of the individual RRSPs of contributing employees. Participation in a Group RRSP is generally optional and contributions are made through regular payroll deductions.

According to the 2014 edition of the annual Andex Charts, the average return on Canadian, U.S. and international equities has varied between 9 and 11% since 1950. That means a $100 investment in the S&P 500 in 1950 would have been worth more than $66,000 by 2014 (660 times the initial outlay). This result demonstrates the value that stocks can create for long-term investors.

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