Welcome to Mech Money


My goal for Mech Money is to promote investing by encouraging the younger generation (any age really) to save their money! We believe that this is one of the most under taught topics in standard educational systems. In addition, it is an area that more life experienced people are fearful of. Having a fear of investing more often than not, really just boils down to a lack understanding. Here we will aim to break down these barriers.

Mech Money is a web site dedicated to talking about investments, money and many other factors that are related from a Mechanical Engineers Perspective. Here you may learn a different view on certain topics that you may have not considered ever before. We are here to learn. Let’s take care of our financials, together!

5 RRSP Facts that You may have not known

The RRSP is Canada’s Registered Retirement Savings Plan. The plan was created to provide Canadians with incentive to save money for retirement. With the ever decreasing amount of pensions for those who work, saving for retirement is very important and highly recommended on the mechmoney website. Lastly, here are 5 RRSP facts that you may …

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2019 Portfolio to watch!

Tracking an Investment Portfolio Through 2019

The whole point of tracking a portfolio through 2019 is to be able to see the entire process from start to end. We will be able to cover the same steps that you would have to take with your own portfolio. Secondly, we will be able to see how the market reacts over time and …

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ECN Fees Limit Order vs Market Order Comparison

What are ECN fees and how to avoid them?

Commission free ETF purchases offered from brokers similar to Questrade (in Canada) are quite appealing to the average index investor. Great deals are often greeted by many people taking advantage of the opportunity presented. My suggestion is to make certain that you fully understand the entire price details from the broker that you are signing …

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How to trade a stock or ETF with Questrade

How to trade a stock / ETF using Questrade (video)

How to trade a stock or ETF with QuestradeOne of the first challenges that you must overcome when looking to index invest is finding a broker. A broker is a company that you will hold accounts with and use their software to actively trade. Here on mechmoney we highly encourage everyone to invest in a …

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Canadian Oil Market Continues to Suffer in 2018

Canadian Energy Market Continues to Suffer in 2018

We are only a few months in to 2018 and the news surrounding energy stocks and ETF’s have not been exciting. Since the middle of 2014, Canadian energy has been suffering tremendously. For the last half of 2014 and all of 2015, many Canadian energy assets had dropped significantly losing nearly half their value on …

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How the Long Term Index Investing Strategy Works

How the Long Term Index Investing Strategy Works

The long-term index investing strategy is great for young investors or those who are new to the investing world itself. It’s also great for those that are more experienced in life or who are closer to retirement. The strategy offers a conservative approach with low maintenance and a low amount of stress associated with it. …

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