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“Why do I need a financial plan?” + MORE Jan 6th
Q. I am in my early 50s, have a steady job, I’m not a big spender, and I make RRSP contributions. Why would I need a financial plan? I don’t see how it could help me.
–Tom
A. To answer your question (and it’s a good one!), let’s think about why people get a plan, the benefits of having a p.... More »
Five stocks with a dividend-growth catalyst + MORE Sep 27th
Companies that can increase their cash flow thanks to acquisitions often reward investors with a steadily rising payout
.... More »
China’s economic growth dips to 6-year low but consumer spending helps avert deeper downturn + MORE Oct 19th
BEIJING, China – China’s economy decelerated in the latest quarter but stronger spending by consumers who are emerging as an important pillar of growth helped to avert a deeper downturn.
The world’s second-largest economy grew by 6.9 per cent in the three months ended in September,.... More »
The close: TSX suffers worst day in months, Dow dives 318 points + MORE Jan 24th
U.S. stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.
.... More »
What to do with your extra cash + MORE May 24th
(Getty Images)
Q: I am turning 30 this year and make around $60,000 a year and was wondering what the best thing to do with some extra money is? I have $10,000 saved in an emergency fund sitting in a high-interest bank account at my bank, so I am covered in case of emergency. Is this the best plac.... More »
AT&T reports higher 3rd-quarter earnings as wireless revenue, subscriber base grows
– canadianbusiness.com
NEW YORK, N.Y. – AT&T’s third-quarter profit and revenue increased as the nation’s largest telecommunications company added more smartphone and broadband subscribers.
AT&T Inc. said Wednesday that its net income was $3.81 billion, or 72 cents per share, in the July-September quarter, up 5 per cent from $3.64 billion, or 63 cents per share, in the same period a year ago. Adjusted earnings were 66 cents per share in the latest quarter, a penny above analysts’ expectations.
Revenue grew 2 per cent to $32.16 billion from $31.46 billion, slightly below what analysts were expecting.
Analysts, on average, had expected revenue of $32.18 billion according to FactSet.
Wireless revenue, which includes equipment sales, grew 5 per cent to $17.5 billion. AT&T said it added nearly 1 million net wireless subscribers in the third quarter. It added 566,000 wireless devices to its contract-based plans, which are the most lucrative. Of these 178,000 were smartphones and the rest tablets, which carry lower monthly fees than phones…
AT&T Inc. said Wednesday that its net income was $3.81 billion, or 72 cents per share, in the July-September quarter, up 5 per cent from $3.64 billion, or 63 cents per share, in the same period a year ago. Adjusted earnings were 66 cents per share in the latest quarter, a penny above analysts’ expectations.
Revenue grew 2 per cent to $32.16 billion from $31.46 billion, slightly below what analysts were expecting.
Analysts, on average, had expected revenue of $32.18 billion according to FactSet.
Wireless revenue, which includes equipment sales, grew 5 per cent to $17.5 billion. AT&T said it added nearly 1 million net wireless subscribers in the third quarter. It added 566,000 wireless devices to its contract-based plans, which are the most lucrative. Of these 178,000 were smartphones and the rest tablets, which carry lower monthly fees than phones…
Banana Beta: Monkeys Generally Out-Perform the Market
– http://canadianfinancialdiy.blogspot.ca
So much for the smug superiority of index investors constantly boasting how active mutual funds fail to beat the market. Yes, that’s right, new research is showing that randomly chosen stock portfolios, aka those picked by dart throwing monkeys, would have beaten a market-cap index. Andrew Clare, Nicholas Motson and Stephen Thomas of Cass University tell us so in a two-part study (part 1 and part 2) titled An evaluation of alternative equity indices. The researchers test a bunch of alternative equity index strategies – equal weighting, diversity weighting, low volatility weighting, equal risk contribution, risk clustering, portfolio minimum variance weighting, maximum diversification weighting, risk efficient weighting in part 1 and fundamental weighting in part 2. For US stocks from 1968 to 2011, the alternative strategies all beat the market-cap index by a substantial amount – 2% per year in several cases – whether risk-adjusted or not. Only in the decade of the 1990s (at the end of which the Internet bubble had not yet burst) did market-cap do best…
Continue Reading On http://canadianfinancialdiy.blogspot.ca »
League Assets asks investors for time as it prepares for court date
– theglobeandmail.com
Company, which has filed for bankruptcy protection, stressed Wednesday that it doesn’t yet have answers for investors who wonder whether they will get all of their money back
