Trudeau, ministers to discuss Alberta’s reeling economy during cabinet retreat + MORE Apr 24th

Learn, save, invest and prosper with My Own Advisor.
For a few years now I’ve been inspired by early retirement.  It’s something we’re working towards and getting closer to every month.  Through running this blog, I’ve been fortunate to meet a number of fine folks who are willing to share their own financial stories with me – many of them rather successful ones. Today’s post is another interview with a savvy investor who has proven passive investing works – and very well at that.
Bio:

Name: Grant
Age: 63
Family status: living with partner
Retired: not yet (because he loves his job)
Retirement plans: will “quit when I find another hobby I’d rather do.”

Grant, why passive investing for your approach?
Well, I think I’ve made just about every investment mistake in the book including investing in tax shelters, tips from friends, high fee mutual funds, and employing high fee active managers. Then a few years back a friend of mine sent me the movie “Passive Investing: The Evidence” which really opened my eyes to what goes on in the wealth management industry, and then helped me get set up with a couch potato portfolio of Exchange Traded Funds (ETFs)…

KANANASKIS, Alta. – Justin Trudeau and his 30 ministers have arrived at a luxury mountain resort in Alberta for a cabinet retreat.
The prime minister says the retreat will focus on the “challenges and opportunities” facing the province, which is reeling economically from the plunge in oil prices.
He says it’s also a chance for his cabinet to take stock of what they’ve accomplished in their first six months in power and “all the hard work” that lies ahead.
This is the second cabinet retreat Trudeau has held.
The first, at a seaside resort in New Brunswick in January, cost almost $150,000 and the price tag for this one is likely to be similar.
But Trudeau says it’s important for him and his ministers to get out of the Ottawa bubble.
“One of the things we talked about a lot during the … election campaign was the need to get out and be strong voices for our communities in Ottawa,” Trudeau said as he and his ministers arrived in a chilly rain for the first meeting Sunday…

NEW YORK, N.Y. – Four times a year there’s a kind of parade on Wall Street: companies announce their quarterly earnings, all in a row, with the banks first, then the tech companies, and the retailers bringing up the rear. Stocks can rise or plunge based on the results. And three months later it all happens again.
But regulators are wondering if it’s time for a change.
For about 40 years, companies have had to make four yearly reports of basic financial information, including how much money they earned or lost, how much revenue they took in and what their expenses were. It’s supposed to help investors make informed decisions. But the Securities and Exchange Commission said Wednesday that it may change those rules. It noted there are drawbacks to the requirements, like the time and money companies have to spend to prepare the reports, and the possibility that important information gets lost in the flood of stuff companies have to disclose.
The SEC didn’t propose any specific new rules or commit to making changes…

Significant rebound in metals prices also needed before companies commit vast sums to make area a wining investment

Prime Minister Justin Trudeau with his cabinet at a retreat in Kananaskis, Alta., Sunday, April 24, 2016. (Jeff McIntosh, CP)
KANANASKIS, Alta. — Justin Trudeau and his 30 ministers have arrived at a luxury mountain resort in Alberta for a cabinet retreat.
The prime minister says the retreat will focus on the “challenges and opportunities” facing the province, which is reeling economically from the plunge in oil prices.
He says it’s also a chance for his cabinet to take stock of what they’ve accomplished in their first six months in power and “all the hard work” that lies ahead.
This is the second cabinet retreat Trudeau has held. The first, at a seaside resort in New Brunswick in January, cost almost $150,000 and the price tag for this one is likely to be similar.
But Trudeau says it’s important for him and his ministers to get out of the Ottawa bubble.
“One of the things we talked about a lot during the … election campaign was the need to get out and be strong voices for our communities in Ottawa,” Trudeau said as he and his ministers arrived in a chilly rain for the first meeting Sunday…