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Making sense of the markets this week: January 14, 2024 Jan 12th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
2023 asset returns versus the last 10 years
As we enter the New Year and investing columnists write their prediction col.... More »
RECO registrar loses job in wake of iPro Realty scandal - Toronto Star Aug 22nd
RECO registrar loses job in wake of iPro Realty scandal Toronto StarOfficial from Ontario’s real estate regulator leaves post after collapse of iPro Realty The Globe and Mail2.4K Ontario real estate agents out of work after agency ordered to close: RECO Global News.... More »
Canadian seniors, watch out for these scams + MORE Mar 29th
You don’t have to be a senior to be aware that scams of all sorts abound in both the physical and—increasingly—the cyber world. Sadly, the rise of artificial intelligence (AI) has exacerbated frauds of all kinds. While anyone can fall prey to technology-enabled schemes to separate them from th.... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Twitter Reportedly Planning to Charge $20 per Month for Verification, Even For Those Already Verified - IGN Oct 31st
Twitter Reportedly Planning to Charge $20 per Month for Verification, Even For Those Already Verified IGNWION Fineprint: Elon Musk planning layoffs at Twitter, say reports | World News | WION WIONElon Musk says Twitter will revise how it verifies users The Globe and .... More »
Making sense of the markets this week: May 10, 2021
– moneysense.ca
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estimates for the Canadian online investment company were in the $1-billion range.
The actual valuation turned out to be closer to $1.5 billion.
Fast forward to this week: Wealthsimple announced another round of financing that raises the price tag to $5-billion. And celebs are in on the act as well, with musician Drake, actors Ryan Reynolds and Michael J. Fox, and a few high-profile professional athletes stepping forward with cash to invest in the fintech giant.
Wealthsimple originally launched as one of Canada’s robo-advisors, and has moved on to add more financial services, including a discount brokerage. Many say that they “own” the millennial market in Canada. That offers incredible long term potential, and the appeal for investors…
Wealthsimple taps celebrities and nets a $5-billion valuation
In October of 2020, we reported on a previous round of financing for Wealthsimple. At that time, valuation estimates for the Canadian online investment company were in the $1-billion range.
The actual valuation turned out to be closer to $1.5 billion.
Fast forward to this week: Wealthsimple announced another round of financing that raises the price tag to $5-billion. And celebs are in on the act as well, with musician Drake, actors Ryan Reynolds and Michael J. Fox, and a few high-profile professional athletes stepping forward with cash to invest in the fintech giant.
Wealthsimple originally launched as one of Canada’s robo-advisors, and has moved on to add more financial services, including a discount brokerage. Many say that they “own” the millennial market in Canada. That offers incredible long term potential, and the appeal for investors…
