How to go about securing the best return for your investment in Canada.
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Q & A: Your questions on managing your money in 2018 Jan 13th
The new year presents an opportunity for fresh financial start. CBC's Jacqueline Hansen hosted a recent Facebook Live with financial planner and author Shannon Lee Simmons about budgets, debt and enjoying your money..... More »
Ladies, here’s how to DIY your first financial plan + MORE Jul 9th
If your net worth is growing, your financial plan is working..... More »
RCMP says prison break suspect images it released were just stock images - CP24 Toronto's Breaking News Jul 24th
RCMP says prison break suspect images it released were just stock images CP24 Toronto's Breaking NewsPhotos of Alkhalil escape suspects are fake, available for purchase on the internet Vancouver SunBC police seek escaped inmate accused of killing gangster, men who helped him es.... More »
Reconsidering when to take CPP benefits amid COVID-19 risk Apr 15th
In an earlier column, we looked at how to optimize the timing for taking your Canada Pension Plan benefits—early or late. We also touched on the issue of “survivorship,” mentioning retired advisor Warren Baldwin, who decided to take his own CPP at age 66, in part because of limited options for.... More »
The best store credit cards in Canada 2022 + MORE Apr 22nd
Creatures of habit, rejoice! Your loyal shopping behaviours may just pay off, big time. If you shop regularly at certain retailers, using a store credit card can help you to earn discounts, free goods and exclusive perks by swiping or tapping for everyday purchases. Spending with a store credit card.... More »
United Arab Emirates to merge 2 Abu Dhabi investment funds
– canadianbusiness.com
DUBAI, United Arab Emirates – A top official in the United Arab Emirates has issued an order for the merging of two of the Gulf nation’s most prominent government wealth funds, streamlining the country’s investment strategy as it weathers a slump in oil prices.
The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company, which holds stakes in several energy-related companies and owns most of Abu Dhabi-based Aabar Investments.
Mubadala’s holdings include semiconductor maker Globalfoundries and stakes in General Electric and Washington-based private equity firm The Carlyle Group.
The Abu Dhabi companies’ most recent financial statements show that Mubadala holds about $67 billion in assets, while IPIC is slightly larger at $68 billion. They together carry about $42 billion in debt.
The post United Arab Emirates to merge 2 Abu Dhabi investment funds appeared first on Canadian Business – Your Source For Business News.
The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company, which holds stakes in several energy-related companies and owns most of Abu Dhabi-based Aabar Investments.
Mubadala’s holdings include semiconductor maker Globalfoundries and stakes in General Electric and Washington-based private equity firm The Carlyle Group.
The Abu Dhabi companies’ most recent financial statements show that Mubadala holds about $67 billion in assets, while IPIC is slightly larger at $68 billion. They together carry about $42 billion in debt.
The post United Arab Emirates to merge 2 Abu Dhabi investment funds appeared first on Canadian Business – Your Source For Business News.
Alaska could end to oil checks paid to residents since 1982
– canadianbusiness.com
ANCHORAGE, Alaska – As Alaska faces a multibillion dollar budget deficit, the oil fund wealth checks distributed yearly to nearly every Alaskan could be on the chopping block.
It could mean the first time in more than 30 years that most Alaskans won’t get a check from the government just for living in the state.
“We’ll look at every item individually and decide between now and July 1 what items get vetoed and what does not,” Gov. Bill Walker, who announces budget vetoes Wednesday morning, told reporters earlier this month when asked if he would veto all or part of the $1.4 billion oil check fund appropriation sent to him in the budget by lawmakers.
“At this point, all options are on the table,” the Juneau Empire reported Walker saying June 23.
Alaska state government relies mostly on revenue from oil production to stay solvent. But declining production and a precipitous drop in oil prices have plagued state government, leaving Alaska with a deficit of more than $3 billion for the next budget year…
It could mean the first time in more than 30 years that most Alaskans won’t get a check from the government just for living in the state.
“We’ll look at every item individually and decide between now and July 1 what items get vetoed and what does not,” Gov. Bill Walker, who announces budget vetoes Wednesday morning, told reporters earlier this month when asked if he would veto all or part of the $1.4 billion oil check fund appropriation sent to him in the budget by lawmakers.
“At this point, all options are on the table,” the Juneau Empire reported Walker saying June 23.
Alaska state government relies mostly on revenue from oil production to stay solvent. But declining production and a precipitous drop in oil prices have plagued state government, leaving Alaska with a deficit of more than $3 billion for the next budget year…
German consumer confidence rises but clouds on horizon
– canadianbusiness.com
BERLIN – A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months.
The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June.
The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the “Brexit” vote means the German and other European economies start to falter, things could rapidly change.
GfK says it’s “expected that the current uncertainty in the financial markets will also be felt by German consumers.”
The extent “depends on how serious the financial implications will be and how discussions develop within the European Union.”
The post German consumer confidence rises but clouds on horizon appeared first on Canadian Business – Your Source For Business News.
The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June.
The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the “Brexit” vote means the German and other European economies start to falter, things could rapidly change.
GfK says it’s “expected that the current uncertainty in the financial markets will also be felt by German consumers.”
The extent “depends on how serious the financial implications will be and how discussions develop within the European Union.”
The post German consumer confidence rises but clouds on horizon appeared first on Canadian Business – Your Source For Business News.
The Crossover Point for investors
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Can you retire when you have $500,000 invested?
How about $750,000 like blogger Tim Stobbs believes?
What about $1 million?
Need more?
I recently read an article on Retire by 40 that suggested $5 million (in net worth) isn’t even enough for some. Geez. The Retire by 40 post recalled this article about a Canadian couple struggling to make ends meet, with a net worth of $4 million. From the article, the struggle was related to the “present monthly expenditures of $4,274 on wine, restaurants, clothing and grooming, travel and their golf club” (membership). That’s a huge a burn rate on those items if you ask me – but to each their own.
As the saying goes, the more you want, the more you spend. This is not a financial myth, it’s a matter of fact for many people today. Most people seem to spend up to their income level (and sometimes much more). Cheap credit undoubtedly fuels that. Lack of financial literacy is another…
Can you retire when you have $500,000 invested?
How about $750,000 like blogger Tim Stobbs believes?
What about $1 million?
Need more?
I recently read an article on Retire by 40 that suggested $5 million (in net worth) isn’t even enough for some. Geez. The Retire by 40 post recalled this article about a Canadian couple struggling to make ends meet, with a net worth of $4 million. From the article, the struggle was related to the “present monthly expenditures of $4,274 on wine, restaurants, clothing and grooming, travel and their golf club” (membership). That’s a huge a burn rate on those items if you ask me – but to each their own.
As the saying goes, the more you want, the more you spend. This is not a financial myth, it’s a matter of fact for many people today. Most people seem to spend up to their income level (and sometimes much more). Cheap credit undoubtedly fuels that. Lack of financial literacy is another…
