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Keeping investment scams out of your online social and dating life

For many in today’s increasingly connected online world, using apps and social platforms to connect with others has become convenient and common. As of 2021, eHarmony, a popular online dating platform, reported that 36% of Canadians use online dating platforms. Unfortunately, with the popularity of dating apps and social media, fraudsters are increasingly using them to scam Canadians. According to …

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Top Investment Risks for 2023

By Annemarie Marshall, Senior Advisor, Investor & Industry Education, Alberta Securities Commission The Alberta Securities Commission (ASC) has compiled a list of the top investment risks and potential scams to watch out for in 2023, based on investor complaints, ongoing investigations, and current enforcement trends. 1.     Advice from fraudulent “finfluencers” Many people look to social media for “how-to” information, and …

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Kicking off the new year with resolutions to strengthen your financial fitness

Article by the Alberta Securities Commission For many, the new year is a time for personal reflection and goal setting. These goals or resolutions could be to hit the gym more frequently or even read a new book every month. While these are admirable activities, the new year is also a great time for considering your wealth-building journey and setting …

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Overcoming your behavioural biases when investing

Investing is rife with choices, and sometimes to avoid the uncomfortable feeling of being overwhelmed, we choose the path of least resistance or go with our gut feeling; we rely on biases or mental shortcuts to guide our decision-making. Further, human behaviour is often influenced by our unconscious emotional and cognitive biases. These biases help our brains avoid becoming overwhelmed …

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Some Tips on Cutting Down on Expenses During High Inflation

What is inflation? Inflation has been in the news a lot recently, but what exactly is inflation? And why have we seen such a large increase in the inflation rate since 2021? Inflation is a measurement of the increase in the cost of goods and services over time, which in turn impacts the purchasing power of your money. Alberta Securities Commission For …

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Three steps to take before downloading a mobile investment app

By James MacTavish – September 09, 2022 Investing today has never been more accessible. With the advent of electronic trading platforms in 1992, the proliferation of internet accessibility in the mid-to-late 90s and the growing adoption of mobile devices in the early 2000s, investors now have access to a variety of easy-to-use and intuitive investment applications on their mobile devices. While these …

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Slam the Scam: Social Media Frauds

Beware of social media scams! Last week, the GSA Instagram account was impersonated. Another Instagram account posed as the GSA and messaged our followers about winning one of our Instagram posts. The message asked for financial banking information. The GSA will never ask for your banking information for our social media giveaways and will only communicate with our followers through …

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Investing during uncertain times and high inflation

By James MacTavish, Senior Advisor, Investor & Industry Education, Alberta Security Commission For the past few decades the Canadian economy has experienced exceptionally low inflation rates ranging from one to three per cent. Unfortunately, Canadians today are challenged with a 30-year high inflation rate of 6.8%, with expectations that it will remain high through 2023. With rising inflation rates, how …