TSX getting you down? There are always sound investment alternatives.
Latest News
Caribbean islands begin preparations for Hurricane Irma - CTV News Sep 3rd
CTV NewsCaribbean islands begin preparations for Hurricane IrmaCTV NewsSAN JUAN, Puerto Rico -- Islands at the eastern end of the Caribbean Sea made preparations Sunday for approaching Hurricane Irma, a Category 3 storm that could threaten the area beginning Tuesday. Hurricane watches were posted fo.... More »
Greece on the cheap? Few travel deals yet amid the financial ruins + MORE Jul 11th
Canadians hoping to see Greece for a song aren't likely to find cheap flights to the cash-strapped country just yet. Agents say there's little room to bargain during peak season. But that could change, quickly..... More »
Why Canada’s big investment banks don’t suffer like global rivals + MORE Apr 1st
During the crisis, many global investment banks were dinged for having far too much financial leverage
.... More »
New Apple Leak Reveals Exciting MacBook Air Future - Forbes Nov 7th
New Apple Leak Reveals Exciting MacBook Air Future ForbesMemory leaks are crippling my M1 MacBook Pro–and I'm not alone MacworldShould you get the new Apple MacBook Pro 14? Notebookcheck.netDeals: Apple's 2021 16-inch MacBook Pro is back in stock and on sale right .... More »
90 days - 2.00% + MORE Nov 7th
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
How to avoid Ponzi and pyramid schemes
– moneysense.ca
MONTREAL – Time has yet to heal the painful financial and emotional wounds inflicted on a victim of one of Canada’s most notorious Ponzi fraudsters.
“It’s five years ago now that it happened to us with Earl Jones and we’re still feeling the effects,” says Joey Davis, whose 84-year-old mother, Margaret, lost $200,000 of her retirement nest egg.
The Montreal man behind a $50-million scam that cost many people their life savings was recently released from prison after serving one-third of his 11-year sentence for defrauding 158 investors.
Davis said it was devastating for his mother to lose 90 per cent of her life’s savings, almost throwing her into “a survival mode of existence.”
Like many others, she also endured the shock of having her trust broken by someone who had provided financial advice to her for 27 years.
“Of all the devastation affected I think, surprisingly, the money is the least shocking,” he said in an interview.
Davis said such fraudulent schemes are more widespread than people think…
“It’s five years ago now that it happened to us with Earl Jones and we’re still feeling the effects,” says Joey Davis, whose 84-year-old mother, Margaret, lost $200,000 of her retirement nest egg.
The Montreal man behind a $50-million scam that cost many people their life savings was recently released from prison after serving one-third of his 11-year sentence for defrauding 158 investors.
Davis said it was devastating for his mother to lose 90 per cent of her life’s savings, almost throwing her into “a survival mode of existence.”
Like many others, she also endured the shock of having her trust broken by someone who had provided financial advice to her for 27 years.
“Of all the devastation affected I think, surprisingly, the money is the least shocking,” he said in an interview.
Davis said such fraudulent schemes are more widespread than people think…
60 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.
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.
Quarter of US households say they’re ‘just getting by,’ Fed survey shows
– canadianbusiness.com
WASHINGTON – A quarter of U.S. households say they’re “just getting by” financially, a survey by the Federal Reserve shows.
The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted from Sept. 17 through Oct. 4, 2013.
Thirteen per cent said they were struggling to get by, and 34 per cent reported they were somewhat worse off or much worse off than before the Great Recession hit in 2008.
Other findings: a third of those who had applied for credit in the previous 12 months said they were turned down or given less than they requested, and 24 per cent had some type of education debt.
Thirty-one per cent of people who aren’t retired said they had no retirement savings or pension, including 19 per cent of those aged 55 to 64. Nearly half of adults weren’t actively thinking about financial planning for retirement, with 25 per cent saying they had done no planning at all…
The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted from Sept. 17 through Oct. 4, 2013.
Thirteen per cent said they were struggling to get by, and 34 per cent reported they were somewhat worse off or much worse off than before the Great Recession hit in 2008.
Other findings: a third of those who had applied for credit in the previous 12 months said they were turned down or given less than they requested, and 24 per cent had some type of education debt.
Thirty-one per cent of people who aren’t retired said they had no retirement savings or pension, including 19 per cent of those aged 55 to 64. Nearly half of adults weren’t actively thinking about financial planning for retirement, with 25 per cent saying they had done no planning at all…
Mexico has passed laws to open its oil, gas and electric industries to private and foreign investors after 76 years of state control. Now comes the hard part – attracting investment.
