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Canada’s best dividends 2023: How we chose the winners + MORE Mar 7th
Overview
Top 100 Dividend Stocks
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Our evaluation encompassed all of the dividend-paying st.... More »
Berkshire Hathaway’s 1Q profit up 8 per cent on paper gain May 1st
OMAHA, Neb. – Berkshire Hathaway’s first-quarter profit grew 8 per cent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
CEO Warren Buffett offered a preview of the first-quarter results .... More »
TSX, Dow slide after Chinese stock index has biggest 1-day drop since 2007 + MORE Jul 27th
North American stock markets open lower after China's main stock index lost eight per cent in its worst one-day performance since 2007..... More »
Rates are heading up. Time to buy bonds? Nov 23rd
Even in the worst years, a bond portfolio will probably only loss a few percentage points, while stock market losses could reach 50 per cent or more, writes Gordon Pape..... More »
'The Outer Worlds' comes to Nintendo Switch on March 6th - Engadget Jan 30th
'The Outer Worlds' comes to Nintendo Switch on March 6th EngadgetNintendo Switch overtakes SNES with more than 52 million sold The VergeThe Outer Worlds On Switch Releases In March, Will Require A Download GameSpotNintendo Switch sales pass 52 million, Pokémon Sword.... More »
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
News1130Vancouver-area home sales led nationwide gains in June: CREANews1130METRO VANCOUVER (NEWS1130) – Metro Vancouver led the nation in home sales gains last month, according to an industry group. The Canadian Real Estate Association says the nationwide increase was 11.2 per cent compared to a year earlier, led by …June home sales up 0.8% from May and 11.2% from year ago, CREA saysCalgary HeraldHamilton leads yearly housing price increaseCBC.caCanadian home sales, prices, rise in June from May-associationReuters CanadaGlobalnews.ca -Reuters -Wall Street Journalall 37 news articles »
Degrees of financial independence
– moneysense.ca
In his so-called “coming to terms” post for Get Rich Slowly, J.D. Roth says the traditional word retirement carries too much baggage, so he prefers the term I also like: financial independence.
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
But whatever the term you prefer, it’s important to realize there are degrees of what I like to call “findependence” and/or retirement. It’s a continuum, as Roth rightly points out. He talks about four types of retirement: the traditional full-stop version that begins (usually) at age 65, early retirement (launched usually in one’s mid 50s or early 60s, although there is a genre of extreme early retirement that supposedly begins in one’s 20s or 30s). And finally there’s the concept of multiple mini-retirements championed by Tim Ferriss in The 4-Hour Workweek, which you can read more about here.
If you re-frame the retirement discussion for findependence, it’s also possible to describe a similar continuum, just as it’s possible to describe different degrees of financial freedom…
How much house can I afford?
– moneysense.ca
Q: My fiancée Michelle and I are building a custom home together. We have a $1.5 million budget in mind but we’d like to go higher if we can afford to. Or should we actually be spending less? We need to make a decision and we’re not sure what to do. — Darren, TorontoA: There is no doubt that you guys are in a unique position. Darren, you’re earning the entry level minimum this year, but hope your agent can negotiate a big contract next spring. Your career could last 10 years, but an injury or a bad season could easily cut things short. And it’s hard to say what your potential income-earning ability might be thereafter.
I find it’s really hard to budget when you have variable income. I see this a lot with business owners and commissioned salespeople, but for professional athletes, it can be even more extreme. I caution young people in extraordinary financial situations like yours to be really careful about overcommitting too soon.
One of my biggest worries about long-term financial planning for anyone is the power of compound growth…
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
