How to go about securing the best return for your investment in Canada.
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Doris makes $160,000, while her partner’s unemployed. She wants to buy a house and save for IVF or adoption. What should she do? Jul 19th
In terms of her relationship, Doris is also wondering how she can stay financially secure. “Is there any financial advice on how to best protect myself? Luckily everything is in my name.”.... More »
Hassle-free investing is here with ModernAdvisor + MORE Jun 8th
Learn, save, invest and prosper with My Own Advisor.
Over the years, I’ve learned to appreciate the beauty of simplicity. This principle can apply to every facet of your life, including personal finance and investing. Keeping it simple when it comes to investing can include making savings for .... More »
Electronic signatures to be accepted in Ontario real estate deals + MORE Jun 29th
Ontario home buyers and sellers will soon be allowed to provide electronic signatures on real estate documents..... More »
Ontario’s OMERS pension plan to buy Kenan bulk-liquid trucking company + MORE Jun 18th
TORONTO – An Ontario public-sector pension fund manager has agreed to buy Ohio-based Kenan Advantage Group, which operates a trucking network that delivers fuel, chemicals and liquid food to about 2,000 customers throughout North America.
OMERS Private Equity didn’t disclose how much it .... More »
Bank of Canada survey says Canadian businesses are optimistic Oct 16th
A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans..... More »
Passive Income Update – November 2013
– IntelligentSpeculator.net
The reason I post this monthly update is both to keep myself accountable but also have a more public discussion about my plans and how I can become financially independent as quickly as possible.With both sides of the US government acting like complete fools these days, more than ever I feel like being financially independent is critical, don’t you? So here is how I went about this whole process:
For example, if my base salary is currently 100K, my objective is to make 100K of passive income on an annual basis. This could be done through a variety of methods which I will be exploring of course. A few people tried to figure out how much capital I have by looking at the USDP size. The main issue is that the USDP is only part of my dividend income. I also get income from my ETF holdings, etc.
My primary objective remains to generate 100K in passive income on an annual basis as soon as possible, ideally from a few different sources.
November Updates
-The latest update of the USDP was published 2 days ago
-I posted an updated post about the idea of buying real estate to rent it out on sites like AirBnB
How Much Do I Really Need?
I am aiming for an income of 100K or so, before taxes as a first goal…
Saudi prince Alwaleed bin Talal
– cbc.ca
Kingdom Holdings CEO on his investment style and reform in Saudi Arabia
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
Lawmakers back flood insurance changes in spite of worries about premiums and home values
– canadianbusiness.com
WASHINGTON – Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill.
The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to put the flood insurance program on sounder financial footing even as the implementation of the law has sparked a chorus of complaints from constituents fearing spikes in premiums and plummeting home values.
In the Senate, attempts to call a quick floor vote on legislation to delay the changes in the program — designed to force higher premiums on properties especially at risk of flooding — appear to face opposition from both Democrats and Republicans.
Sen. Mary Landrieu, D-La., wants to add the measure to an unrelated defence policy bill, but Majority Leader Harry Reid, D-Nev., is restricting the ability of senators to offer unrelated amendments. Meanwhile, Republicans are unlikely to allow a vote that could give Landrieu, who faces a tough re-election bid next year, the chance to claim political credit…
The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to put the flood insurance program on sounder financial footing even as the implementation of the law has sparked a chorus of complaints from constituents fearing spikes in premiums and plummeting home values.
In the Senate, attempts to call a quick floor vote on legislation to delay the changes in the program — designed to force higher premiums on properties especially at risk of flooding — appear to face opposition from both Democrats and Republicans.
Sen. Mary Landrieu, D-La., wants to add the measure to an unrelated defence policy bill, but Majority Leader Harry Reid, D-Nev., is restricting the ability of senators to offer unrelated amendments. Meanwhile, Republicans are unlikely to allow a vote that could give Landrieu, who faces a tough re-election bid next year, the chance to claim political credit…
Rogers drives enterprise sales with new data centre
– theglobeandmail.com
The company will invest $75-million in Edmonton, part of planned $700-million investment in the province
