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Bond Yields Rise, Stocks Dip as Metals Push Higher: Markets Wrap - Yahoo Canada Finance Feb 22nd
Bond Yields Rise, Stocks Dip as Metals Push Higher: Markets Wrap Yahoo Canada FinanceWorld shares sink as bond yields, commodities surge By Reuters Investing.comGlobal Financial Markets Steady Early Monday Amid Rising Global Bond Yields FX EmpireWorld shares sink as .... More »
Food is getting more expensive. The Star’s Millennial Money financial expert offers tips on how to manage your food budget + MORE Dec 28th
In this special edition of Millennial Money, coach Jason Heath shares how his family handles grocery shopping and takeout amid rising food costs..... More »
Three things retirees can do now to protect your cash flow and portfolio Mar 21st
Withdraw funds insulated from stock meltdown, review long-term asset allocation and gradually rebalance to support cash flow needs..... More »
Bitcoin drops 10% as cryptocurrencies decline with risk assets + MORE Feb 5th
Bitcoin falls for a fifth consecutive day
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TSX rallies, while New York stocks head lower before late-day bounce + MORE Dec 27th
A day after Wednesday's dramatic rise, New York stock markets reversed course and headed downwards amid uncertainty over trade and U.S. growth, then had another change of direction in the final hour of trading and ended in positive territory..... More »
How do I decide between mutual funds and ETFs?
– moneysense.ca
Q. My husband and I currently have RRSPs at our bank, with the money invested in mutual funds. We have been contributing bi-weekly for about two years to save for retirement and to receive a tax deduction. Would it be smarter for us to invest in ETFs instead of mutual funds? Would we still receive the same tax break and use the funds for retirement?
— Lesley
A. Choosing the right investment products is important, but sometimes the “mutual funds vs. ETFs” debate misses the larger point. It often overlaps with other more important decisions, such as your strategy, how much you’re paying, and whether you need an advisor or are willing and able to manage your own portfolio. Lesley, before we consider whether ETFs are right for you and your husband, let’s consider these issues.
The first step is to understand whether your mutual funds are appropriate for your situation. Do they have the right balance of stocks and bonds, or are they too risky or too conservative? Are they well diversified or narrowly focused? Do they carry reasonable management fees or are you among the many Canadians paying more than 2%?
Now consider the level of service you are getting from the bank that holds your RRSPs…
Co-working firm to open shop in retail space
– theglobeandmail.com
WeWork’s takeover of a Manhattan department store exemplifies how shared offices have moved into prime real estate from the fringes. It also announces an emerging group of players in the commercial real estate market
The fallacy of a “stock-picker’s market”
– moneysense.ca
Investors might find this hard to believe, but there is no such thing as a “stock-picker’s market.” When one stocker-picker “wins,” the investor on the other side of the trade “loses” by an identical amount. It’s a basic concept that many in the financial services sector have trouble grasping, so let me put it in terms terms that are easy to understand.
Let’s say there are eight buddies who play poker every Friday night. At the start of the game, each player brings $100 to the table and they play until someone wins it all. At the end of the night, has any wealth been created? Obviously not. The participants entered with a collective $800 and left with a collective $800, the only difference is seven players walk away with nothing. Trading securities works the same way. It does not create wealth, it merely re-distributes it.
In spite of this, one of the phrases I hear often is that we are in a “stock-picker’s market.” There’s simply no polite way to say this: it’s impossible…
Let’s say there are eight buddies who play poker every Friday night. At the start of the game, each player brings $100 to the table and they play until someone wins it all. At the end of the night, has any wealth been created? Obviously not. The participants entered with a collective $800 and left with a collective $800, the only difference is seven players walk away with nothing. Trading securities works the same way. It does not create wealth, it merely re-distributes it.
In spite of this, one of the phrases I hear often is that we are in a “stock-picker’s market.” There’s simply no polite way to say this: it’s impossible…
