Argosy Securities Inc.
1725 16th Ave L4B0B3 Richmond Hill, ON, Canada

We are an essential services business At Argosy Securities, we are monitoring global developments related to coronavirus very closely. We are taking precautionary measures with our own employees in order to minimize any potential risk of disruption to servicing our clients. As part of our plan, we have initiated a work-from-home capability that enables the majority of our employees to work remotely. Our team is working tirelessly to adapt to the ever-changing circumstances su...rrounding the COVID-19 pandemic. To minimize potential disruption to clients, we strongly recommend setting up electronic fund transfers (EFT) if you are expecting a cheque in the mail for things like RRIF payments, systematic withdrawals, or redemptions. EFT is the most effective way to ensure you receive redemption proceeds when expected. Alternatively, you may ask your Advisor to set up a onetime PAC to facilitate a lump sum purchase to your investment account. We appreciate the trust and confidence you place in us and we are doing everything in our power to assist our clients and prevent any disruption to our business operations, or client service.

Happy Labor Day weekend! Stay safe and enjoy the last long weekend of summer! #LaborDayWeekend #Cottage #LongWeekend

One of the biggest benefits of choosing a mutual fund is the diversification. Mutual funds are notorious for offering a wider access to a variety of investments that an individual investor may not be able to buy on their own. #MutualFunds #FundFacts #Invest

Passive income is a type of revenue stream in which the earnings are derived from enterprises that a person is not actively involved. Examples could be rental properties, interest from a high interest savings account or even selling an online course. #BuildYourWealth

#MotivationalMonday #Risk #JimRohn #Success

RRSP withdrawals under $5,000 are subjected to a 10% withholding tax rate. This means if you withdraw $4,000, you really will be receiving $3,600 and $400 will be sent to the CRA. The greater the withdrawal, the higher the rate. #RRSP #Withdrawal #Savings #Retirement

A great way to cut back on spending is to minimize dining out. Drive thru's, take out and restaurants can be expensive. Cooking your meals at home can help to save you a ton of money! #SmartSavings #SpendLess

An ETF is a type of security that involves a collection of securities (such as stocks) that often tracks an underlying index. ETFs are in many ways similar to mutual fund, however, they are listed on exchanges and ETF shares trade throughout the day just like ordinary stocks. #ETFs #ExchangeTradedFund #Investments #InvestInYourFuture

Buying power is the money an investor has available to purchase securities. It equals the total cash held in the brokerage account plus all available margin. #BuyingPower #Investments

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Avoid unnecessary spending by looking at purchase amounts in the form of hours worked instead of overall cost. If something is going to cost you 8 hours of work, it may not seem so worth it. #SmartSavings #SavvySaver #SpendLess

Have you ever tried asking a robo-advisor a tough question about money matters? Digital services have no personal loyalty as it’s purely a function of the money you put in. An advisor builds relationships of trust that mature even as portfolios blossom.

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It is important to figure out how much you need to save when setting a retirement financial goal. By estimating your cost of living and subtracting any income such as pensions you can estimate how much in retirement assets you will need. #Retirement #FinancialGoals #Save