Celestica profit dips but still beats market forecasts + MORE Jul 26th

All about Canadian investments. Learn the ins and outs and get the latest news.

Latest News

Spread the word + MORE Nov 6th

Check MoneySenseWeek.ca daily Nov. 8-14, 2015 for a collection of tips and resources to help you build your wealth. The post Spread the word appeared first on MoneySense..... More »

Fixed or variable mortgage rate: Which should you choose in 2024? May 28th

If you have a mortgage on your home or have been trying to break into the housing market, you’ve probably watched interest rates go up, up, up over the past two years. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and exi.... More »

Making sense of the markets this week: November 2 Oct 31st

Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. Big, juicy Canadian dividend stocks are on sale In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend inde.... More »

Would you save 70% of your income so you could retire early? Meet FIRE advocate Scott Rieckens, on track to retire at 41 Oct 9th

We talked to filmmaker and author Scott Rieckens about his new book, Playing With FIRE: How Far Would You Go for Financial Freedom?.... More »

Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd

At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »

Estimating the cost of not having a US Dollar RRSP account

– canadiancapitalist.com

If you hold a self-directed Registered Retirement Savings Plan (RRSP) account at a broker like TD Direct Investing or Scotia iTrade that still does not offer the ability to segregate USD-denominated securities held in RRSP accounts from securities denominated in Canadian Dollars, you are incurring a cost when dividends are paid into your account. The total cost depends on two factors: (a) the dividend yield of each holding that pays a dividend in US dollars (note that this may include both US-listed securities such as stocks and ETFs and about a score of Canadian companies that are listed on the TSX but pay a dividend in US dollars) and (b) the cost of converting US dollars into Canadian dollars at your broker.
To calculate how much it is costing you to hold a RRSP account at one of the offending brokers, I put together a simple Google spreadsheet. Just enter the cost of converting currency (as of this writing, a typical broker will charge roughly 2 percent for converting CAD into USD or vice versa), the holdings in your RRSP accounts that pay dividends in US dollars and their dividend information…

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Weekend Readings – Is Elon Musk Ahead Of His Time?

– IntelligentSpeculator.net

I wrote a bit about Elon Musk and how brilliant the guy.. he will take risks which could backfire but it could certainly pay off well too. Tesla has been a good investment lately hasn’t it? His latest idea? A super tube that would make it possible to get from New York City to Los Angeles in 45 minutes… take a look! Here are some
General Readings
-Inflation is coming @ MoneyBeat
Dividend & Passive Income Readings
-Time to say goodbye to Canadian banks and add US ones? @ TheDividendGuyBlog
-Frequently asked questions about dividend investing @ DividendGrowthInvestor
Tech Stock Readings
-Netflix ($NFLX) slides after earnings @ ZeroHedge
-Daniel Loeb getting out of $YHOO, should you? @ WSJ
The post Weekend Readings – Is Elon Musk Ahead Of His Time? appeared first on Intelligent Speculator.

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