Making sense of the markets this week: December 21 + MORE Dec 18th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Halal investing in Canada

– moneysense.ca

Canadian Muslims have unique constraints when looking for investment options that fit their religious beliefs, and many mainstream options are unsuitable for these investors. 
The Quran is the Islamic text that guides all aspects of Muslim life. Shariah is the Islamic law that includes guidelines that impact financial decisions for Muslims; these include the prohibition of earning interest from fixed-income investments like bonds, which are a common component of an investment portfolio. Instead of earning interest from lending (a bond is a loan from the investor to the bond issuer), a borrower and lender should share in risks and rewards (like investing in stocks). 
To achieve asset allocation that reflects an investor’s risk tolerance and goals, Muslim investors can consider a fixed-income option like sukuk, which is a Shariah-compliant bond alternative. Sukuk pays income to investors as a share of profit rather than as interest. It may be backed by real estate that earns rental income instead of interest from lending…

Continue Reading On moneysense.ca »

Making sense of the markets this week: December 21Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. 
Bitcoin defies gravity
It’s as though bitcoin has left the atmosphere, moving to new all-time highs this week. Here’s a tweet from Paul R. La Monica of CNN… 
Source: Twitter
The mid-$19K range had proven strong resistance for bitcoin (BTC-USD) over the past three weeks, but the bulls have finally pushed through. The controversial crypto peaked nearly three years to the day when bitcoin first crested $20,000; that time, it stayed above $20K for a handful of minutes, before crashing to $4K over the ensuing few months.
Yes, this is more than a volatile ride. 
By Wednesday evening, Dec. 16, bitcoin had surpassed US$23,000. 
And on Thursday, La Monica offered this post and commentary on CNN Business: 
“Volumes last week were 70% above the year’s daily average…suggesting greater participation in this rally than has historically been the case,” said James Butterfill, investment strategist at CoinShares…

Continue Reading On moneysense.ca »

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