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Why I tripled my investment in the stock market this week – Business Insider



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  • I didn’t start investing or saving for retirement until my early 30s, and now I’m eager to catch up on the earnings I’ve missed.
  • When the stock market dropped this week, I thought it would be smart to add money to my investment account; after talking to a financial professional, I decided to tripled the amount of money I had already invested.
  • I was a bit more cautious about adding to my SEP IRA since that money will be locked up for years, but I ultimately doubled the amount I’ve added to that account to take advantage of stocks while they’re “on sale.”
  • A financial planner can help you set a smart investment strategy. Use SmartAsset’s free tool to connect with a qualified professional »

I was a late bloomer with all things finance. I spent much of my 20s making mistakes with money instead of making any real plans for how to grow my savings and stay out of debt. 

A few years ago, when I turned 30, I decided it was time to catch up and open up a retirement fund and take money that was hardly growing in my low-interest savings account (a mistake I quickly remedied by switching to a high-yield account) and put some of it into the market.

At first, I was extra cautious. I didn’t understand the market or what I was doing so I invested only a couple thousand dollars in stocks that I valued and felt comfortable investing in. But all of that changed over the last few weeks when news of the coronavirus and the oil war prompted the market to drop dramatically.

After seeking advice from financial experts, I made the decision, late last week, to nearly triple the amount of money I had already invested in the stock market, and double the amount I’d added to my SEP IRA (a retirement fund for those who are self-employed).

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The expert advice that changed my mind

I spoke to Fred Egler, a certified financial planner at Betterment, and he explained that while it might be nerve-wracking to look at recent market behavior and its impact on your investments, now is still a good time to invest for the long term. 

“That’s because over very long periods of time, say, a retirement time horizon of over 20 years, the market generally tends to combat short-term volatility and tick upwards,” said Egler. “What’s more, timing the market is extremely difficult: If you stop investing now, how will you know when to start investing again? It’s almost impossible to get that right.”

Since I’m only in my early 30s and don’t need to pull my money out of my investments right now, I feel confident adding money to investments I don’t need to touch for at least another decade, likely several decades.

If emergency does strike in my personal life (unemployment or health issues, etc.) I do have emergency funds stashed away in savings accounts, so there’s no risk attached to that money. 

Volatility is to be expected with investing of any kind

Egler also reminded me that market volatility is normal and all a part of the investing game.

“Obviously, no one wants to see their portfolio lose value. However, these periods of volatility are part of investing. On the point of timing the market, remember that no one is really certain when the market will have a good day, and missing out on those good days can be quite detrimental to building wealth,” Egler said. “This is evident in recent history, such as the period between 1993 and 2013, where the S&P 500 had an annualized return of 9.2%. If you missed the 10 best market days during that time period, you would have basically cut your returns in half.”

Some investors feel the urgent need to pour money into the market when it’s in a “bear” stage, an investing term for when the market is facing a downward spiral, since you stand to make more money if you buy shares while they’re “on sale.”

Said Egler, “If you keep putting money in the market now, you can benefit through buying more underweight shares.”

I was a little more nervous about adding to my SEP IRA

These tips and a general understanding of the market made me feel better about tripling how much money I had in my brokerage account. But when it came to adding 50% more funds to my SEP IRA this year, I found myself doubting if this was the best strategy, since that money would be untouchable for over 30 years.

Joe Crowley, an investment adviser at Exchange Capital Management, explained that investing in retirement accounts, like the SEP IRA that I have, has benefits whether the market is up or down, especially around tax season. 

“Adding funds to retirement accounts, such as 401(k)s or SEP IRAs, will allow investors to defer paying taxes into the future,” says Crowley. “Any trades placed inside of tax-sheltered retirement accounts will not trigger a capital gains tax. Therefore, if certain investments recover faster than others, you’re able to reallocate the account without an immediate tax consequence.” 

I ultimately decided to double the amount I already had in my SEP IRA, and while the decision made me feel anxious and stressed, I found that adding more money to my investment and retirement funds fit my long-term plan and worked best for me.

Talk to a financial planner today about your retirement strategy. SmartAsset’s free tool can connect you with a qualified professional »

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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TORONTO, March 30, 2020 (GLOBE NEWSWIRE) —

QuestCap Inc. (“QuestCap” or the “Company”) (CSE: QSC; OTCMKTS: COPRF; FRA: 34C1) is pleased to announce its new investment strategy for the Company and the appointment of a new CEO to drive the strategy forward. The Company has outlined three new strategic directions for its investment strategy: MedQuest, ClimateQuest, and TechQuest. These divisions will focus on investments in public health, mitigating climate change and innovative technologies, respectively. Together they aim to improve the world and humankind through highly targeted social-impact investing.

QuestCap Appoints Neil Said as Chief Executive Officer

Neil Said is a businessman and corporate securities lawyer who has worked as an officer and legal consultant to numerous Canadian listed companies in the technology, cannabis, mining, oil & gas and healthcare industries. Mr. Said began his career as a securities lawyer at Osler, Hoskin & Harcourt LLP, where he worked on a variety of corporate and commercial transactions. Neil is also currently the head of legal for the Forbes & Manhattan group of companies. Mr. Said obtained a Juris Doctor from the Faculty of Law at the University of Toronto and he received a Bachelor of Business Administration (Honours) with a minor in Economics from Wilfrid Laurier University.

The appointment of Mr. Said follows the resignation of Mr. Stan Bharti as Chief Executive Officer of QuestCap. Mr. Bharti will continue as a director and, along with Scott Moore, will act as Co-Chairman of the Company.

New Investment Strategy

The Covid-19 pandemic is threatening societies across the world. This virus has created serious challenges but also new opportunities to bring life-saving technology and therapies to market. MedQuest is pursuing numerous investments in health sciences to help advance and develop products used to detect, treat, and overcome COVID-19. MedQuest is looking to invest in opportunities that will: improve testing around the world, source effective therapies, and develop a lasting cure.

Anthropogenic climate change is threatening to drastically alter the environments we inhabit and the way we live. In order to prevent further degradation of our planet, it is imperative that mankind adopt new technologies and systems that limit, eliminate, or removed greenhouse gas emissions. The crisis is understood and numerous organizations and entrepreneurs have produced powerful innovations but lack the resources to commercialize them. Enter ClimateQuest. Our experienced team will source, review and identify meaningful investment opportunities in sustainable initiatives that have the potential to produce tangible environmental impacts.

Disruptive innovation changed transportation from horseback to cars, communication from landlines to cellphones, and entertainment from cable to streaming video. TechQuest aims to continue human evolution by sourcing and financing groundbreaking technology, procedures, and platforms. We will work with innovators and developers to fund their passions and help turn them into reality. Partnering with visionaries at the seed-stage has the potential to create exceptional value for TechQuest investors.

Eco Capital Acquisition

Finally, further to the Company’s press release dated March 23, 2020, QuestCap announces the signing of the definitive agreement with respect to, and the completion of, the acquisition (the “Acquisition”) of all of the issued and outstanding common shares in the capital of Eco Capital Growth Corp., a British Colombia company (“Eco Capital”). In consideration for the Acquisition, QuestCap issued 8,000,000 common shares of the Company at a deemed price of $0.07 per share in exchange for all of the common shares in the capital of Eco Capital, resulting in the shareholders of Eco Capital owning 12.6% of the Company on an undiluted basis.

Engagement of Native Ads and Hybrid Financial

Additionally, the Company has entered into a 12-month programmatic digital advertising campaign with Native Ads for a total cost of US$700,000, comprised of $525,000 for digital advertising, paid distribution, and media buying over the campaign period and, $175,000 for content creation, consulting, managed services and management fees over the course of the campaign period. Native Ads is a full-service ad agency, that owns and operates a proprietary ad exchange with over 80 integrated SSPs (supply-side platforms) resulting in access to 3-7 billion daily North American ad impressions. Neither Native Ads nor any of its directors and officers own any securities of the Company.

Hybrid Financial has been engaged by QuestCap for a period of six-months starting April 1, 2020 which term may be renewed for successive three-month periods thereafter upon the mutual agreement of QuestCap and Hybrid. Hybrid will be paid a monthly fee of $66,666.67, plus applicable taxes, during the initial six-month term. Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

About Eco Capital

Eco Capital is a uniquely positioned early stage investor, developer and incubator of sustainably focused high growth opportunities with a focus on financial return, lasting positive environmental impact and benefiting society.

About QuestCap

QuestCap is an investment company that seeks to enhance shareholder value over the long term by opportunistically making various investments that may include, without limitation, the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets.

For additional information, please contact:

Scott Moore

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the launch of the three new strategic divisions; disclosure related to Eco Capital; the engagement of Native Ads and Hybrid Financial; and potential investments to be made by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


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Enforcement Notice – Hearing – IIROC Begins Disciplinary Action Against Former St. Catharines Investment Advisor Dean Martin Jenkins – Canada NewsWire



ST. CATHARINES, ON, March 30, 2020 /CNW/ – The Investment Industry Regulatory Organization of Canada (IIROC) will set a date for a disciplinary hearing  in the matter of Dean Martin Jenkins.

It is alleged that Mr. Jenkins recommended and facilitated the off-book purchase of high-risk syndicated mortgage investments for numerous clients without telling his employer of his involvement with these products or his clients’ investments. He received compensation of at least $54,000 as a result of his clients’ off-book purchases.

Specifically, the discipline hearing concerns allegations that:

(a)        Between November 2013 and February 2016, Mr. Jenkins facilitated off-book investments for several clients without the knowledge or approval of his Dealer Member, and received remuneration for the investments, contrary to Dealer Member Rules 18.14 and 29.1.

IIROC formally initiated the investigation into Mr. Jenkin’s conduct in October 2018. The alleged violations occurred while he was a Registered Representative with the St. Catharines branch of Edward Jones Inc., an IIROC-regulated firm.  Mr. Jenkins is no longer a registrant with an IIROC-regulated firm.

The set date appearance is open to the public, unless the Hearing Panel orders otherwise.  Members of the public who would like to attend the appearance should contact IIROC’s National Hearing Coordinator at [email protected] to obtain the details.  The date for the discipline hearing will be made available at

Set Date Appearance:  The hearing will be held by way of teleconference on April 30, 2020 at 10:00 a.m.

The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:

Documents related to ongoing IIROC enforcement proceedings – including Reasons and Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.

*  *  *

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of more than 170 Canadian investment dealer firms and their more than 29,000 registered employees, the majority of whom are commonly referred to as investment advisors. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces.

IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – General News

For further information: Enforcement Contact: Charles Corlett, Director, Enforcement Litigation, 416 646-7253, [email protected]; Media Contact: Andrea Zviedris, Manager, Media Relations, 416 943-6906, [email protected]

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Vancity Community Investment Bank partners with Toronto, Ottawa and Hamilton community foundations to deliver rapid-response support during pandemic – Yahoo Finance



Canada’s first and only impact bank ensuring the most vulnerable aren’t forgotten in crisis

Traditional territory of many Indigenous Nations, including the Haudenosaunee and the treaty territory of the Mississaugas of the Credit and TORONTO , March 30, 2020 /CNW/ – Vancity Community Investment Bank (VCIB), Canada’s first values-driven national bank and a subsidiary of Vancouver City Savings Credit Union (Vancity), has partnered with three of Ontario’s largest community foundations to provide rapid-response funds aimed at supporting those most affected by COVID-19 and its economic consequences.

Vancity Community Investment Bank (CNW Group/Vancity Community Investment Bank (VCIB))
Vancity Community Investment Bank (CNW Group/Vancity Community Investment Bank (VCIB))

In Toronto , VCIB and Toronto Foundation have joined forces to launch the Better Toronto Coalition and Fund. The bank has also partnered with Ottawa Community Foundation to fund the COVID-19 Rapid Response Fund, and with the Hamilton Community Foundation to fund the Pandemic Response Fund. In total, VCIB has provided $100,000 to-date to seed and grow these funds designed to provide immediate support to community organizations delivering essential services like food, shelter and healthcare to vulnerable populations.

The unique approach targets grassroots non-profits that are both operating on the frontlines of COVID-19 and feeling its economic consequences as key funding sources dwindle with programming and fundraising events cancelled or postponed.

“Grassroots non-profits often operate on tight margins,” said VCIB CEO Jay-Ann Gilfoy . “Our goal as a community-first bank is to get frontline organizations the resources they need so they can focus on meeting the urgent needs of vulnerable populations.”

“The economic fallout will have an impact on charities in every sector that we serve,” said Hamilton Community Foundation President & CEO Terry Cooke . “Our message to the community is that we are here to help for the long term.”

Funding will be offered as unrestricted, flexible grants that enable charities and non-profits to maintain or expand services to those affected by quarantine, closures, shortages, access to services, loss of income, or other economic impacts.

“We’re convening concerned Torontonians so that we can learn together about the unequal impacts of COVID-19,” said Toronto Foundation President & CEO Sharon Avery . “We’re committed to acting quickly on those learnings to fund the small but mighty non-profits that are in the trenches supporting the city’s most vulnerable.”

“Priorities are changing by the hour, and these funds are designed to respond to the most pressing needs,” said VCIB VP of Impact Banking Jake Stacey. “Our mission has always been to use the tools of finance to create positive change for groups who need it most, and partnerships with community foundations will allow us to help vulnerable sectors lacking other assistance.”

“While we cannot control this new reality, we can come together to respond,” said Ottawa Community Foundation President & CEO Marco Pagani . “Thank you to Vancity Community Investment Bank for joining us to help fund our community response.”

In addition to the philanthropic community, VCIB is working to mobilize other organizations to participate in these initiatives.

About Vancity Community Investment Bank (VCIB) 
VCIB is an Ontario -based schedule 1 national chartered bank. As Canada’s first values-driven bank, VCIB partners exclusively with organizations that drive social, economic, and environmental change. The bank is committed to connecting these visionary enterprises with the financial solutions they require, enabling them to grow, prosper and foster change. VCIB’s first focus is on lending for social purpose real estate (affordable housing, co-op housing, co-working spaces, green and heritage buildings), as well as meeting the deposit needs of not-for-profit organizations, foundations, and social enterprises. For more information, visit, tweet us at @BankVancity and connect with us at

About Vancity  
Vancity is a values-based financial co-operative serving the needs of its more than 534,000 member-owners and their communities, with offices and 59 branches located in Metro Vancouver, the Fraser Valley, Victoria , Squamish and Alert Bay , within the unceded territories of the Coast Salish and Kwakwaka’wakw people. With $27.4 billion in assets plus assets under administration, Vancity is Canada’s largest community credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable. 

About Toronto Foundation
Established in 1981, Toronto Foundation is one of 191 Community Foundations in Canada . We pool philanthropic dollars and facilitate charitable donations for maximum community impact. Our individual, family and organizational Funds number more than 500 and we administer more than $400 million in assets. Through strategic granting, thought leadership and convening, we engage in city building, mobilizing people and resources to increase the quality of life in Toronto . Visit

To learn more about or donate to the Better Toronto Coalition and Fund, visit:

About the Ottawa Community Foundation
Established in 1987, the OCF is a charitable organization created by and for the people of Ottawa . Working directly with its community of donors, partners and stakeholders, the OCF is committed to acting as a catalyst for positive, systemic and sustainable change in Ottawa and beyond. Priding itself on enabling generous citizens to enhance the quality of life in their community while achieving their own charitable objectives, the OCF currently manages assets worth more than $160M and has provided over $123M in grants to the community since its inception. Visit

To learn more about or donate to the COVID-19 Rapid Response Fund, visit:

About Hamilton Community Foundation
Hamilton Community Foundation has been working to drive positive change in Hamilton since 1954. We do this by helping people give in a way that has meaning to them and impact in the community, providing grants and financing to charitable organizations and initiatives and bringing people together to address priority issues that affect Hamiltonians. Visit

To learn more about or donate to the Pandemic Response Fund, visit:

SOURCE Vancity Community Investment Bank (VCIB)


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