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Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble - The Globe and Mail Aug 6th
Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble The Globe and MailBuffett’s Berkshire Reduces Buybacks Amid Stock-Purchasing Spree BNNBerkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout CNBCBerksh.... More »
The best GIC rates in Canada for 2026 Feb 3rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Realme 9i 5G, Realme TechLife Buds T100 India Launch Today; Watch LIVE Streaming Here - LatestLY Aug 18th
Realme 9i 5G, Realme TechLife Buds T100 India Launch Today; Watch LIVE Streaming Here LatestLYRealme 9i 5G is finally official, costs under $200 - GSMArena.com news GSMArena.comRealme 9i 5G with triple rear camera and 5,000mAh battery: Details | Mint MintRealme 9i 5G.... More »
How retirees should respond to the Iran crisis + MORE Mar 26th
Cynics have rechristened America’s attack on Iran as Operation Epstein Fury, suggesting the main reason for Operation Epic Fury (as the Trump Administration originally called it) was to distract from the Epstein Files and the president’s one million mentions therein. Whether that cynicism is ju.... More »
Canadians are reconsidering relationships over money, survey finds + MORE Feb 25th
When you’re starting a relationship, money might not be the first topic on your mind—but it can make or break a partnership. According to the 2026 Love and Money Benchmark Survey from Money Mentors, nearly 1 in 5 Canadians (17%) have considered ending a relationship because of financial issues.... More »
Myths and facts of reverse mortgages
– moneysense.ca
A reverse mortgage is exactly what the name implies: accessing the existing equity you have built in your home by granting a mortgage to a lender without the need to make monthly payments.
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 55% of a home’s value, tax-free, on properties worth $250,000 or more.
With home property values soaring and the federal government tightening traditional mortgage qualification rules through a rigorous stress test, more homeowners are looking to reverse mortgages as a way to unlock the value tied up in their properties. Borrowers receive the money tax-free to use as they wish—to supplement their income and increase cash flow; to cover unexpected expenses or home renovations; and to help stay in their current home are just a few examples.
Unlike home equity lines of credit (HELOCs), which require monthly payments, reverse mortgages, such as those offered by Equitable Bank, are ideal for cash-strapped homeowners who want to stay put without increasing their living expenses…
And yet, there are many misconceptions about this financial product, which allows Canadians to borrow up to 55% of a home’s value, tax-free, on properties worth $250,000 or more.
With home property values soaring and the federal government tightening traditional mortgage qualification rules through a rigorous stress test, more homeowners are looking to reverse mortgages as a way to unlock the value tied up in their properties. Borrowers receive the money tax-free to use as they wish—to supplement their income and increase cash flow; to cover unexpected expenses or home renovations; and to help stay in their current home are just a few examples.
Unlike home equity lines of credit (HELOCs), which require monthly payments, reverse mortgages, such as those offered by Equitable Bank, are ideal for cash-strapped homeowners who want to stay put without increasing their living expenses…
How Filing Bankruptcy Affects Your Investments
– investitwisely.com
You’ve probably heard that when you file bankruptcy, you have to disclose all of your assets, including retirement accounts and investment accounts. This is true. And it is also true that the Chapter 7 Trustee has the power to seize your assets, including investment accounts. But did you know there are ways to file Chapter 7 and keep your investments?There are, and whether you can keep your investments will depend upon what types of investment accounts you have, how much is in those accounts and the law in your state. This information comes from the office of a noted Philadelphia bankruptcy attorney.
Using State or Federal Exemptions to Keep Your Investments
When someone files a Chapter 7 bankruptcy case, all of their assets belong in their “bankruptcy estate.” The Chapter 7 Trustee has the power to seize assets in the bankruptcy estate and sell them or liquidate them for the benefit of the debtor’s creditors. But before the debtor even files their case, their attorney will have applied for either state or federal “exemptions” to exempt the debtor’s assets from the estate and included those exemptions in the debtor’s initial filing…
