TSX getting you down? There are always sound investment alternatives.
Latest News
Making sense of the markets this week: June 14 Jun 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Meme stocks: They’re back…
I thought new investors would get tired of losing money. But I guess not.
Crowd co-ordinated investing in companies specifically to drive the .... More »
Panic Monday: World stock markets plunge again as Trump doubles down on tariffs + MORE Apr 7th
On Friday, the worst market crisis since COVID slammed into a higher gear as the S&P 500 plummeted 6% and the Dow plunged 5.5%..... More »
The Crypto Crash Is Particularly Bad for Black Investors + MORE Nov 18th
After cryptocurrency values started crashing hard this year, headlines of people losing millions, their life savings or retirement funds flooded the news. When crypto bank Celsius Network filed for bankruptcy this summer its customers alone lost US$5 billion. Even digital-asset evangelists like Bina.... More »
2016 to remain challenging for Canadian stocks Dec 24th
OTTAWA – The Toronto Stock Exchange was pounded this year as the price of oil and other commodities took a beating.
Down more than 10 per cent heading into the final trading week of the year, even the Canadian banking sector — a stalwart of many portfolios — has struggled.
And 2016 is expected.... More »
How Contributions Affect Your Rate of Return + MORE Jul 20th
Whenever I update the returns of my model portfolios, readers ask how the performance would have been different had they added money to the portfolios money each month. This question gets to the heart of the difference between time-weighted and money-weighted returns, which I introduced in my previo.... More »
RRSP vs. TFSA: Which is right for you?
– moneysense.ca
Not sure whether to use an RRSP or TFSA for your retirement savings? That’s a common question. In general, those earning a low income (under $35,000 or so) should favour the TFSA, while high-income earners are likely to be better off with an RRSP. For those earning a moderate income, however, it’s a coin flip.
The table to the right illustrates this idea for three 40-year-old investors at different income levels. Someone earning $30,000 and expecting to withdraw $10,000 annually after age 65 is in danger of losing the Guaranteed Income Supplement if he or she uses an RRSP. At the other end of the spectrum, a high-income earner may see significant Old Age Security clawbacks from RRIF withdrawals, but would still be better off with an RRSP because that would be more than offset by the greater tax savings when contributions are made.
Remember, this illustration only helps you decide which contribution to makewith your first $5,500 of after-tax savings.If you can save more than that and you’rein a middle-income bracket—where the differences between the two accounts are modest—you could max out your TFSA and put the rest in your RRSP…
Yelp, Twitter, LinkedIn, Pandora and GoPro are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Yelp Inc., down $12.36 to $45.11
The online business reviews company reported better-than-expected quarterly results, but growth in the number of visitors to the site slowed.
Twitter Inc., up $6.75 to $48.01
The social media company reported better-than-expected results by drawing more users and expanding advertising.
LinkedIn Corp., up $25.43 to $263.40
The online professional networking service reported better-than-expected results and a boost in visitors.
Pandora Media Inc., down $3.17 to $15.24
The music streaming service reported worse-than-expected fourth-quarter profit and revenue and a weak 2015 sales outlook.
Nasdaq
GoPro Inc., down $7.25 to $47.12
The wearable camera maker set weak first-quarter guidance and announced the surprise departure of its chief operating officer.
Expedia Inc., down $10.13 to $77.87
The online travel company reported a drop in fourth-quarter profit and the results also fell short of Wall Street expectations…
NYSE
Yelp Inc., down $12.36 to $45.11
The online business reviews company reported better-than-expected quarterly results, but growth in the number of visitors to the site slowed.
Twitter Inc., up $6.75 to $48.01
The social media company reported better-than-expected results by drawing more users and expanding advertising.
LinkedIn Corp., up $25.43 to $263.40
The online professional networking service reported better-than-expected results and a boost in visitors.
Pandora Media Inc., down $3.17 to $15.24
The music streaming service reported worse-than-expected fourth-quarter profit and revenue and a weak 2015 sales outlook.
Nasdaq
GoPro Inc., down $7.25 to $47.12
The wearable camera maker set weak first-quarter guidance and announced the surprise departure of its chief operating officer.
Expedia Inc., down $10.13 to $77.87
The online travel company reported a drop in fourth-quarter profit and the results also fell short of Wall Street expectations…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Former Poseidon executive settles with SEC over fraud allegations
– theglobeandmail.com
Joseph Kostelecky has agreed to pay $75,000 (U.S.) to settle allegations he participated in a financial fraud that overstated the failed company’s revenue by $100-million (Canadian) in 2012
