John Iaconetti

As a young Canadian embarking on your journey into the workforce, it’s crucial to lay the foundation for your financial future. One of the most effective ways to secure financial well-being is understanding and leveraging the power of compounding interest. Starting early and investing consistently can unlock substantial benefits and pave the way to long-term …

Harnessing the Power of Compounding Interest: A Path to Wealth for Young Canadians Read More »

The Federal Budget in 2022 proposed to create the Tax-Free First Home Savings Account (FHSA), a newly registered account to help individuals save for their first home. The account became available to Canadians on April 1st, 2023 and will be soon available at Assante in June 2023. Contributions to an FHSA would be tax deductible, and …

The First Home Savings Account Read More »

Who is Silicon Valley Bank? Silicon Valley Bank largely banked start-ups and venture companies and was never a big lender. The start-up would get its seed capital and put it into Silicon Valley Bank. Silicon Valley Bank would take the deposits and largely invest in securities like Treasuries to capture a yield. If held, these …

Silicon Valley Bank Explained Read More »

In January 2023, Canada and the US announced the unemployment data. The US added over 500,000 jobs in January, and the unemployment rate pushed to its lowest rate since 1969. The stock market in the US fell that day. Most people would believe that with better job data, the stock market would continue its rally …

When Good News Is Bad News Read More »

The Federal Budget in 2022 proposed to create the Tax-Free First Home Savings Account (FHSA), a newly registered account to help individuals save for their first home. As of January 2023, legislation has passed for this new investment account. However, the account will be available to Canadians on April 1st, 2023. Contributions to an FHSA would …

New Account Coming To Canada In 2023: The First Home Savings Account Read More »

A lot has gone on in our market since January 1st, 2022. We have had a war between Russia and Ukraine and experienced the highest inflation in Canada since 1983; we have experienced a very aggressive interest rate hike with the highest rates since the Financial Crisis in 2008, all while our society gets back …

A Volatile Year As Expected Read More »

2022 will be remembered as the year of rising interest rates in our economy. Canada has led the charge globally, increasing its interest rates at a torrid pace. The reason for this interest rate increase stems from our inflation issue. Inflation in Canada at its highest point was 8.1%, approximately 4X higher than it has …

Why You Should Not Rush Into GICs Read More »

The concept of insurance has always been difficult for people to accept. After all, nobody believes they will be sick. It is easier to understand that you will pass away at some point. This is why we have seen that life insurance is the most common policy. However, the statistics show a very different story.  …

Surviving an illness is likely, but also expensive Read More »

This year markets have gone through their share of turmoil with high inflation, the war in Ukraine and now with impending interest rate hikes. These factors have led to talks around an impending recession. Usually when the word recession gets thrown around, the fear really sets in for investors. Today we will be looking at …

What A Recession Means For Your Investments Read More »

Scroll through any financial media and try not to find one article with a negative spin about the current market. Most articles you read will highlight the impending doom of our economy, financial markets crashing, and housing market corrections. By design, most media outlets get paid based on traffic and clicks on their sites. It’s …

Helping Canadians Manage Their Financial Stress Read More »