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There's a cool new way to pay for stuff – avoid it


The Globe and Mail
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The latest in financial engineering has brought a new way to pay for things you can’t actually afford.
A growing number of retailers are offering customers the choice of paying by installments, even for small purchases. A typical payment plan for smaller purchases like cosmetics or clothes would be a series of four bi-weekly payments, with no interest charges or fees. If you pay on time, your payments might simply be the cost of your purchase divided by the number of installments you make. ....

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High-yield stocks, growth portfolio shakeup and Algonquin's rich payout ratio: What you need to know in investing this week


Globe Investor
High-yield stocks, growth portfolio shakeup and Algonquin’s rich payout ratio: What you need to know in investing this week
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Looking for investing ideas? Here’s your weekly digest of the Globe’s latest insights and analysis from the pros, stock tips, portfolio strategies plus what investors need to know for the week ahead.
Gordon Pape: My Growth Portfolio has gained over 27% a year, but it’s time to make some high-risk, high-reward changes ....

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Why all investors are speculators. Plus, the 2021 bond ETF Buyer's Guide, and what 24 market pros are predicting for the TSX

Why all investors are speculators. Plus, the 2021 bond ETF Buyer's Guide, and what 24 market pros are predicting for the TSX
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Some of your cash hoard should go into RRSPs


The Globe and Mail
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There’s roughly $150-billion of extra savings in bank accounts as a result of measures to fight the pandemic by keeping people at home. Give some thought to putting some in a registered retirement savings plan before the March 1 contribution deadline
Economists expect some of these billions to be spent when the pandemic eases, which is both understandable and desirable. Consumer spending will be important in getting the economy back to normal levels. But money parked in savings also presents an unusual opportunity to build up your resources for retirement, especially if you’re part of the majority of people who don’t have workplace pensions. ....

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