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Latest News
Honeywell planning to spin off assets into two new companies: sources Oct 9th
Honeywell International Inc. plans to spin off non-core assets and create at least two new publicly listed companies, sources say
.... More »
A savvy millennial’s journey to early retirement + MORE Aug 13th
Save, invest, prosper with My Own Advisor.
A savvy millennial’s journey to early retirement For a few years now I’ve been inspired and motivated by early retirement. I’ve also been inspired by other investing stories. You can read some of those stories here. When it comes to our financ.... More »
Former Fed chair Greenspan sees no stock excess, warns of bond market bubble + MORE Aug 1st
While the consensus of forecasters is still for low rates to persist, Alan Greenspan isn’t alone in warning they will break higher quickly
.... More »
BMO’s first quarter profit climbs 7 per cent to $1.07 billion + MORE Feb 23rd
TORONTO – The Bank of Montreal saw its first-quarter profit rise seven per cent to $1.07 billion as it grew revenue in its personal and commercial banking segments on both sides of the border.
That’s compared to net income of $1 billion during the same quarter last year.
The earnings amounte.... More »
5.5 year - 3.00% + MORE Nov 2nd
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online..... More »
A U.S. Senate banking committee begins looking Tuesday at whether big American banks can both trade commodities and hold physical assets related to shipping oil and metals.
Premarket: Stocks to post further gains as earnings pour out
– theglobeandmail.com
Chinese markets rally strongly overnight on reassurance about the economy
Don’t Cross Off Hedge Funds Right Away
– IntelligentSpeculator.net
Hedge funds.. they are at the center of a lot of what happens in the markets these days and I certainly found the latest research about their performance very interesting. I don’t think anyone would argue that things are going well for hedge funds. There has been research about performance, headlines about insider trading, etcDon’t Cross Off Hedge Funds Right Away
For every bad example of hedge funds, there are good examples. Yesterday, Daniel Loeb announced he was selling off most of his Yahoo stock and getting off the board. He made a killing by seeing an opportunity of a mispriced asset, getting the company to get rid of a poor CEO and replace him with Marissa Mayer which has certainly turned out to be a brilliant bet.
He made a killing and certainly deserves every penny of it. He might make other mistakes but I’d argue that hedge funds will continue to do well because they’re able to make big bets, have the most brilliant investors (because that is where they’re best compensated for their performance)…
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
TD Direct Investing Disappoints on US Dollar RRSPs
– canadiancapitalist.com
It is more than 3 years now since RBC Direct became the first big bank discount broker to offer a US Dollar RRSP. The next year, BMO InvestorLine followed suit and allowed clients to segregate the US dollar investments in their RRSPs. While TD Waterhouse (now called TD Direct Investing) reacted to these moves by implementing an auto wash feature, it is disappointing to note that the broker still does not offer a true US Dollar RRSP account. It is doubly disappointing because TD Direct’s customer service representatives had been hinting to clients that a US Dollar RRSP is in the works and expect it to launch in the first half of 2013.
It is easy to quantify the cost of sticking with TD Direct Investing when some of the competition offer true US Dollar RRSP accounts. The automatic washing helps in saving on currency conversion charges when selling a security denominated in US dollars and buying another USD security even on different days. But, due to the lack of a true US Dollar RRSP, US dollar dividends received by a TD Direct Investor are forcibly converted to Canadian dollars and charged a fee of approximately 1…
It is easy to quantify the cost of sticking with TD Direct Investing when some of the competition offer true US Dollar RRSP accounts. The automatic washing helps in saving on currency conversion charges when selling a security denominated in US dollars and buying another USD security even on different days. But, due to the lack of a true US Dollar RRSP, US dollar dividends received by a TD Direct Investor are forcibly converted to Canadian dollars and charged a fee of approximately 1…
