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Fairfax Financial companies face nearly $1bn in Q3 losses due to natural disasters + MORE Nov 3rd
TORONTO _ Fairfax Financial Holdings Ltd. (TSX:FFH) says hurricanes and other natural disasters in the latest quarter hit its portfolio companies with more than $1.2 billion in losses.
The Toronto-based company says the insurance industry in the third quarter saw some of the largest catastrophe loss.... More »
What to do when you have insufficient or unused RESP funds Aug 14th
Registered education savings plans (RESPs) are the best way to save for a child’s post-secondary education. Contributions attract government grants, and the accounts grow tax-deferred. Withdrawals can be used for trade school, college or university funding in Canada and abroad.
According to Sta.... More »
Is Dane, 50, on the right track with his early retirement strategy? Nov 22nd
Q. I’m 50 years old and I’d like to work for three more years, then “retire” at age 53. I’m single and have two defined benefit pensions that I could begin collecting at age 55 but want leave them untouched until I turn 60 as that allows me to qualify for full pensions.
To bridge that seve.... More »
Federal Reserve cuts US growth forecast as Trump tariff fears increase - BBC.com + MORE Mar 20th
Federal Reserve cuts US growth forecast as Trump tariff fears increase BBC.comFed holds interest rates steady, still sees two cuts coming this year CNBCFederal Reserve cuts US economic growth outlook amid Trump tariffs The GuardianMarket Factors: Why the Federal Rese.... More »
2017 Financial Goals – March Update + MORE Mar 16th
Save, invest, prosper with My Own Advisor.
In my previous update, outlining our 2017 financial goals, I told you my wife and I decided a long time ago we needed some financial goals defined so we have a hope of realizing them. Nothing has changed…
Our money goals for 2017 are rather simple but a.... More »
Why financial services targeted at women are a huge opportunity
– canadianbusiness.com
A still from robo-advisor provider Ellevest’s new “Invest Like a Woman” ad campaign. (Ellevest)Karin Mizgala wasn’t surprised when her friend, an educated woman with a PhD and a high income, told her that she hates thinking about money. It’s something the financial advisor and co-founder of Money Coaches Canada (MCC) gets all the time from women, and while she understands where they’re coming from, it still pains her to hear.
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Women control about 33% of the wealth in North America today, the highest share in history and a number that is growing roughly 8% per year. Even still, they are reluctant to invest their money at the same rates as men. According to one survey by Lean Vest, an online financial planning service, men are five times more likely than women to prioritize investing with the goal of growing their personal net worth…
At midday: TSX rises slightly with financial stocks
– theglobeandmail.com
U.S. dollar and stocks rise as data boosts Fed hike bets
Podcast 6: Wishing Upon a Morningstar
– CanadianCouchPotato.com
Are truly active managers more likely to beat the market than those who stay closer to their benchmark index? In my latest podcast, I discuss this idea with Christopher Davis, a strategist and researcher at Morningstar Canada.
The idea of active share was introduced in a 2009 paper called How Active is Your Fund Manager? A New Measure That Predicts Performance, by Martijn Cremers and Antti Petajisto. For example, a large-cap US equity fund that holds only half the stocks in the S&P 500 would have an active share of 50%. An index fund, by definition, has an active share of zero.
The researchers presented evidence that the most active funds “significantly outperform their benchmarks, both before and after expenses, and they exhibit strong performance persistence.” A year later, Petajisto published a follow-up paper called Active Share and Mutual Fund Performance, which included more support for the idea that the most active stock pickers can be expected to add value.
Both papers take aim at so-called closet index funds, which charge the higher fees one expects for active management yet differ little from their benchmark…
6 simple ways to make your workplace equitable for women
– canadianbusiness.com
A crowd gathers behind a statue titled “Fearless Girl” Wednesday, March 8, 2017, in New York. The statue was installed by an investment firm in honor of International Women’s Day. (AP Photo/Mark Lennihan)On International Women’s Day, it’s easy to see why Canada—with our feminist Prime Minister and his gender-balanced cabinet—might be construed as a place where sexism is not really a problem. But let’s not kid ourselves: Canada is far from a bastion of workplace equity.
Only eight percent of Canada’s 100 largest companies are run by women, according to talent management firm Rosenzweig & Company. The Ontario Securities Commission reports that women comprise only 12% of board seats at TSX-listed corporations; nearly half (45%) of these companies have all-male boards. Just 19% of the CEOs leading the businesses on the 2016 PROFIT 500 ranking of Canada’s Fastest-Growing Companies are women.
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