How to go about securing the best return for your investment in Canada.
Latest News
CIBC kicks off bank results with dividend hike, beats expectations + MORE Feb 22nd
First-quarter net earnings slip to $1.32-billion from $1.4-billion a year earlier
.... More »
Buffett’s Berkshire Hathaway reveals stake in Charter Communications, tweaks several holdings + MORE Aug 14th
OMAHA, Neb. – Billionaire Warren Buffett’s company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio.
Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.... More »
Pope urges U.S. and Cuba to push detente further + MORE Sep 19th
Pope Francis told the former Cold War foes on Saturday to set an example for the world by deepening the recent rapprochement that he helped broker.... More »
What are the taxes on transferring real estate to your kids? Jun 27th
We purchased a condo for our son, who has been using it as his principal residence for over 10 years. He has made improvements, but the title is in our name. We would like to transfer the title to him, as he is now getting married.
How do we determine fair market value in a fluctuating mark.... More »
Before the Bell: TSX heads for losses as traders flee risk assets + MORE Jun 16th
A look at overnight markets and what's ahead this trading day in North America
.... More »
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
The Biggest DIY Investing Challenges
– CanadianCouchPotato.com
At the recent Canadian Personal Finance Conference in Toronto, I participated in a panel discussion that touched on a wide range of investing topics. My co-panelists were Michael James and financial planner Jason Heath, and we were moderated by the esteemed Big Cajun Man. The first question we were asked to address is whether it makes sense to use an advisor or to invest on your own.
That was a tough question to tackle in a room full of committed do-it-yourselfers. It’s also one I’ve struggled to answer honestly in the last couple of years. I’ve been an advocate of DIY investing for some time, and I still believe many investors with uncomplicated situations are capable of managing a simple index fund portfolio on their own. Indeed, I think anyone with less than $100,000 or so should seriously consider doing so, because it’s awfully difficult to find an unbiased, fee-based advisor unless your portfolio is larger. And unfortunately, it’s all too easy to find a commission-based mutual fund salesperson who will turn your wealth into his own…
That was a tough question to tackle in a room full of committed do-it-yourselfers. It’s also one I’ve struggled to answer honestly in the last couple of years. I’ve been an advocate of DIY investing for some time, and I still believe many investors with uncomplicated situations are capable of managing a simple index fund portfolio on their own. Indeed, I think anyone with less than $100,000 or so should seriously consider doing so, because it’s awfully difficult to find an unbiased, fee-based advisor unless your portfolio is larger. And unfortunately, it’s all too easy to find a commission-based mutual fund salesperson who will turn your wealth into his own…
Quebec to invest $2-billion in jobs plan to spur growth
– theglobeandmail.com
Province aims to create 43,000 jobs by 2017 by cutting electricity rates to attract investment, renovating schools and recreational facilities, and directing funds to boost its northern infrastructure
Twitter’s IPO problem: More people know it than use it
– thestar.com
World leaders, the pope, even Justin Bieber post updates on Twitter, but many people don’t know how or why they should use it.Closing Trade ($PCLN, $OWW)
– IntelligentSpeculator.net
One of the changes I did in my tech stock long & short picks is to give myself more liberty in deciding when I close winning trades. Even though my trade on Long Apple (AAPL) and Short Travelzoo (TZOO) stands at over 30% of return, I’m leaving it open as I continue to believe in the incredible value of Apple and the possibility that product announcements in the next few weeks give more upside potential.One trade that I will be closing out this morning though is my long Priceline (PCLN) and short Orbitz (OWW). Why? I don’t love being short Orbitz so if I can take some gains off of the table, I’ll do it. The trade currently stands at +23%. As always, you can see my 2013 tech picks here:
http://www.intelligentspeculator.net/livetrades
The average trade has returned over 3% so far this year which translates into a portfolio return of over 12%, which is above my objective for this strategy. Of course, the year isn’t over and I’ll still have 5 live trades after closing this one so I’m hoping the returns can keep up…
