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Latest News
Should I overcontribute to my group RRSP and pay the tax penalty? + MORE Oct 23rd
Q. My employer has a fantastic group Registered Retirement Savings Plan (RRSP). They match employee contribution is up to 4%, of earnings, and they also provide a year-end bonus of 5% of earnings if you contribute the full 4%. Needless to say, I have taken advantage of this and been able to.... More »
How much do children cost? The 'mommy tax' for women lasts at least 5 years, Royal Bank says + MORE Apr 1st
Having children comes at a "significant" cost for a woman's career, according to a recent report from the Royal Bank of Canada, which says women lose earnings for up to five years after giving birth..... More »
Scared of selling? When holding on to stocks can hurt you financially + MORE Oct 8th
When you invest, you buy and sell assets. Sometimes, the selling part—or not selling—can lead to problems. Here are few cases of seller’s hesitancy that can harm your financial situation.
Holding until a stock recovers
Investors sometimes want to break even on a trade. This may cause the.... More »
July 2017 Dividend Income Update + MORE Aug 7th
Save, invest, prosper with My Own Advisor.
July 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss our approach to investing using Canadian dividend paying stocks. We believe buying and holding a number of .... More »
After her divorce, this woman is seeking financial clarity + MORE Apr 14th
With a recent divorce sending her back home, Violet looks for financial security to provide for herself and her two children
.... More »
Chinese paper urges release of journalist who reported provincial company’s financial problems
– canadianbusiness.com
BEIJING, China – A Chinese newspaper made a rare front-page appeal for police to release one of its reporters after he was detained for writing reports alleging financial misdeeds at a large construction equipment company.
The New Express newspaper on Wednesday said there was no evidence the journalist, Chen Yongzhou, had committed any crime.
The paper says Chen was being punished for a series of reports he wrote that scrutinized the finances of Zoomlion, a construction company listed on the Hong Kong and Shenzhen stock exchanges.
Police in the Hunan provincial capital, Changsha, said on its official microblog that the journalist had been detained for alleged “damage to business reputation.”
Zoomlion is the second-largest construction equipment maker in China whose largest shareholder is the Hunan provincial government.
The post Chinese paper urges release of journalist who reported provincial company’s financial problems appeared first on Canadian Business.
The New Express newspaper on Wednesday said there was no evidence the journalist, Chen Yongzhou, had committed any crime.
The paper says Chen was being punished for a series of reports he wrote that scrutinized the finances of Zoomlion, a construction company listed on the Hong Kong and Shenzhen stock exchanges.
Police in the Hunan provincial capital, Changsha, said on its official microblog that the journalist had been detained for alleged “damage to business reputation.”
Zoomlion is the second-largest construction equipment maker in China whose largest shareholder is the Hunan provincial government.
The post Chinese paper urges release of journalist who reported provincial company’s financial problems appeared first on Canadian Business.
Fraser Institute report says deficits are slashing Alberta assets
– canadianbusiness.com
CALGARY – The Fraser Institute says chronic deficits have helped slash the value of Alberta’s net financial assets by 65 per cent in six years.
A new study, called “Alberta’s Double-Dip Decline in Financial Assets, says that amounts to about $22.4 billion.
The study says the trend mimics the decline in Alberta’s net financial assets during the late 1980s and early 1990s.
That’s the last time the province ran chronic deficits.
Worse, the study says the decline was calculated only until the end of March 2013, so it doesn’t reflect the costs of relief for homeowners and businesses hit in the June floods.
The study says Alberta’s net financial assets declined to just $12.1 billion by 2012-13 from $34.5 billion in 2006-07.
“Provincial politicians, including in the present government, once bragged about Alberta’s net financial assets,” the study’s author, Mark Milke, said in a news release.
“No more, as the continual red ink budgets have led to a steep decline in Alberta’s wealth…
A new study, called “Alberta’s Double-Dip Decline in Financial Assets, says that amounts to about $22.4 billion.
The study says the trend mimics the decline in Alberta’s net financial assets during the late 1980s and early 1990s.
That’s the last time the province ran chronic deficits.
Worse, the study says the decline was calculated only until the end of March 2013, so it doesn’t reflect the costs of relief for homeowners and businesses hit in the June floods.
The study says Alberta’s net financial assets declined to just $12.1 billion by 2012-13 from $34.5 billion in 2006-07.
“Provincial politicians, including in the present government, once bragged about Alberta’s net financial assets,” the study’s author, Mark Milke, said in a news release.
“No more, as the continual red ink budgets have led to a steep decline in Alberta’s wealth…
You may have reached retirement, but financial planning doesn’t stop once you stop working. Frugal living and wise financial foresight can help ensure a comfortable life, and these simple tips will help you maintain stability for decades.
Reader Question on Bond Allocation
– canadiancapitalist.com
A reader recently sent in this question on asset allocation:
I’m an investing newbie. Last year, I started investing in all four TD e-Series Mutual Funds in my TFSA on my own after reading your posts. I currently have a 30 percent allocation to bonds. Should I keep investing in TD Canadian Bond Index (e-Series) with interest rates forecasted to go up? Or should I cut down on the bond fund and allocate more into the other stock index funds?
Bonds have been terrific investments for a long time now. As of Sept. 30, 2013, Canadian bonds (as measured by the DEX Universe Bond Index) have returned 5.63 percent over 5 years and 5.22 percent over 10 years. Canadian stocks (as measured by the S&P/TSX 60 Index), on the other hand, had returned 3.72 percent and 8.45 percent respectively during the same time periods albeit at a much higher volatility including a significant stock market crash. Therefore, the natural inclination of many investors would have been to look at the recent past and concluded that they are better off in bonds than in stocks…
I’m an investing newbie. Last year, I started investing in all four TD e-Series Mutual Funds in my TFSA on my own after reading your posts. I currently have a 30 percent allocation to bonds. Should I keep investing in TD Canadian Bond Index (e-Series) with interest rates forecasted to go up? Or should I cut down on the bond fund and allocate more into the other stock index funds?
Bonds have been terrific investments for a long time now. As of Sept. 30, 2013, Canadian bonds (as measured by the DEX Universe Bond Index) have returned 5.63 percent over 5 years and 5.22 percent over 10 years. Canadian stocks (as measured by the S&P/TSX 60 Index), on the other hand, had returned 3.72 percent and 8.45 percent respectively during the same time periods albeit at a much higher volatility including a significant stock market crash. Therefore, the natural inclination of many investors would have been to look at the recent past and concluded that they are better off in bonds than in stocks…
The unique ways women approach finance
– canoe.ca
The standard cliché is that, relatively speaking, men are financial daredevils who like risk and that women are cautious and want security.
