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What’s behind the Nvidia rally? May 29th
A big rally for stocks that began in Asia on Thursday is easing off the accelerator amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs. The S&P 500 was 0.3% higher in afternoon trading after giving up most of an earlier .... More »
BP bets on U.S. shale growth with bid for assets of BHP Billiton Jul 6th
BP PLC is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday..... More »
Grads with a first job need to establish good financial habits early: experts + MORE Jun 28th
Depositing the paycheque from your first real job in your bank account can be a bit of a rush, leaving you feeling flush with cash and ready to put the frugalities of the student lifestyle behind..... More »
Markets Right Now: US stocks open lower; bonds rise + MORE Jul 5th
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
9:35 a.m.
Stocks are opening lower and bond prices are rising on new concerns about Britain’s decision to leave the European Union.
European markets were mostly lower and the pound weakened further.... More »
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer The Hill TimesCanadian Cancer Society fights financial burden of disease on World Cancer Day CTV NewsEven with health care, cancer inflicts ‘enormous financial strain’ on patients&nbs.... More »
Pimco cuts 3 per cent of global work force after drop in assets
– theglobeandmail.com
Pacific Investment Management Company’s $1.5-trillion in assets under management are down 25 per cent since 2013
CBC.caRCMP charge 5 with fraud, money laundering after probe into OPP unionCBC.caThe RCMP have charged 3 former senior employees of the Ontario Provincial Police Association, a Toronto lawyer and a U.S. citizen with fraud over $5,000 and money laundering. The charges follow a 19-month investigation by the RCMP Financial Crime …Three ex-OPP union leaders among those charged with fraud, money laundering after RCMP probeNational PostEx-OPP union officials charged with fraud, laundering after RCMP probeToronto StarFormer OPP union executives face chargesThe Barrie ExaminerSimcoe.com -24Hours Toronto -Newstalk 1010 -BarrieTodayall 9 news articles »
Four Canadian financial institutions invested $565 million in the companies that manufacture cluster bombs, a weapon that is banned under a UN treaty that Canada has ratified, says a report released Thursday.
One caveat of the 4% withdrawal rule
– moneysense.ca
Dieters experience a great deal of joy when they are able to tighten their belts an extra notch.
But financial belt tightening isn’t much fun. It’s something that came to mind when reading Andrew Hallam’s article called “Retirement Fortunes That You Can’t Control.”
He looked at the experience of two unfortunate retirees. One retired at the peak of the market in 2000 and the other at the peak in 2007. Both invested in a low-fee balanced index fund from Vanguard and withdrew 4% per year to live on.
Given their poor timing, the results weren’t entirely discouraging. While both investors suffered from an initial dip, they also enjoyed a subsequent recovery.
But—and it’s a pretty big ‘but’—the income produced by their portfolios fell when the market declined. For instance, 4% of a $1 million portfolio is $40,000. Should the portfolio fall to $500,000 then the 4% withdrawal only produces a payment of $20,000.
In addition, even after the portfolios recovered, the payments didn’t keep up with inflation…
But financial belt tightening isn’t much fun. It’s something that came to mind when reading Andrew Hallam’s article called “Retirement Fortunes That You Can’t Control.”
He looked at the experience of two unfortunate retirees. One retired at the peak of the market in 2000 and the other at the peak in 2007. Both invested in a low-fee balanced index fund from Vanguard and withdrew 4% per year to live on.
Given their poor timing, the results weren’t entirely discouraging. While both investors suffered from an initial dip, they also enjoyed a subsequent recovery.
But—and it’s a pretty big ‘but’—the income produced by their portfolios fell when the market declined. For instance, 4% of a $1 million portfolio is $40,000. Should the portfolio fall to $500,000 then the 4% withdrawal only produces a payment of $20,000.
In addition, even after the portfolios recovered, the payments didn’t keep up with inflation…
Betting on a recovery? Check out these analysts' forecasts for each TSX sector
– theglobeandmail.com
For investors, identifying the stocks representing companies that will profit most from the expansion is potentially lucrative
