Yahoo reports another big loss, writes down Tumblr value + MORE Jul 18th

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Softening market drives property values down in 2026, says BC Assessment - CityNews Vancouver Jan 4th

Softening market drives property values down in 2026, says BC Assessment  CityNews VancouverB.C. assessments: Numbers reflect stable real estate market in Greater Victoria  Times ColonistChip Wilson's $73.4M mansion once again tops the list of B.C.'s highest valued homes &nb.... More »

Should you update your financial plan given recent volatility? May 22nd

The COVID-19 pandemic is causing wide-ranging impacts on people’s investments, jobs and businesses. There are events that may trigger significant personal changes for someone’s financial planning, but COVID-19 has caused sudden changes for many people all at the same time. Investments For those .... More »

Canadian hiking path hinges on business investment: Macklem - BNN Feb 9th

Canadian hiking path hinges on business investment: Macklem  BNNThe role of Canadian business in fostering non-inflationary growth  Bank of CanadaBank of Canada: Economy needs more capacity investment, not stimulus  ReutersProductivity boost needed from businesses: Mack.... More »
 dividend

Ottawa bloodsport: Calling for Bill Morneau to resign + MORE Dec 1st

Finance Minister Bill Morneau shakes hands with Prime Minister Justin Trudeau after delivering his fall economic statement in the House of Commons in Ottawa, Tuesday, Oct.24, 2017. (THE CANADIAN PRESS/Adrian Wyld) Minister of Finance, beware the case of the rancid tuna. In 1985, the opposition party.... More »

Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting - The Globe and Mail May 3rd

Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting  The Globe and MailWarren Buffett says ‘trade should not be a weapon’ at annual Berkshire meeting  CNNLive: Berkshire Hathaway Earnings and Annual Meeting  Bloomberg.... More »
SAN FRANCISCO – Yahoo’s latest earnings report leaves no doubt the internet company is stuck in a downward spiral.
The company managed to beat Wall Street’s limited expectations for revenue in the April-June quarter. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 per cent from a year earlier, while its loss widened to $440 million.
Yahoo also reported Monday that it’s writing down $482 million in charges related to the declining value of Tumblr, the social-blogging service that Yahoo acquired for $1.1 billion in 2013. Combined with an earlier write-down of $230 million, that indicates Tumblr’s value has plunged by almost two-thirds.
What remains unclear is whether Yahoo will abort its long-running turnaround attempts and sell its operations in a move that would likely end the four-year reign of CEO Marissa Mayer.
Mayer had little to say about a possible sale on Monday, as she released the latest in a succession of dismal earnings reports…

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Brexit’s muted effect on U.S. investment banks gives a positive outlook for Canadian institutions

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Investors appear to be looking beyond Friday night’s failed military coup in Turkey as stock markets were relatively calm on Monday — the first big trading opportunity since the weekend’s dramatic events.

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Learn, save, invest and prosper with My Own Advisor.
For decades, mutual funds have been a hugely popular way for Joe or Jane Canadian to own pieces of companies.  For years, I thought this was a great way to invest too.
Many investors still believe in this route and I can understand why:

Mutual funds can provide instant diversification.   Many people don’t have the cash to invest individually in a large number of companies so a mutual fund allows investors to own positions in a bunch of companies.  If a few of these companies don’t do well, no problem, the rest in the fund should offset poor performers.
Mutual funds can provide built-in professional money management services.  Many people don’t have the time, energy or desire to research good stocks, when to buy them, where to hold them, etc. so professionally managed money helps people in this regard. Time has always been precious in our busy world.
Mutual funds can provide liquidity.  Many people, probably everyone at some point, invariably find themselves in some financial emergency and need money for something…

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Toronto StarTSX rises, led by consumer and railway stocksReuters CanadaTORONTO (Reuters) – Canada's main stock index rose on Monday, led by consumer and railway stocks as investor attention returned to corporate earnings after a failed military coup in Turkey late last week. The index has gained ground in six of the last …Canada Stocks Advance as Financials, Ballard Gains Offset OilBloombergTSX Resumes Hot Streak — Canadian CommentaryNasdaqCanadian Stocks In For Dog Days Of Summer — Canadian CommentaryRTT NewsHiBusiness (blog)all 18 news articles »

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