The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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How to Time Your Student Loan Payback + MORE Feb 27th
How should you schedule your student loan payments? Should you get rid of student debt as early as possible? To answer that, first look at all of your needs and financial obligations. Then weigh your options and choose the right payment plan.
Should You Pay Off Your Student Loans Early?
Image via Fl.... More »
Kim Kardashian’s Work Advice for Women Is Out of Touch and Insulting Mar 12th
When Kim Kardashian recently told Variety that her advice to women on how to succeed was, “get your fucking ass up and work,” it was an affront to everyday, hard-working people—particularly the ones that make up her massive audience. Despite the Kardashians’ insistence that their ballooning .... More »
What to know about the know-your-client forms + MORE Nov 28th
Q: When an investment advisor takes on a new client and does not complete the know-your-client forms, is there disciplinary action? Which governing body is responsible?
— Don Henderson
A: Investment advisors are required to follow what are called the know-your-client (KYC) obligations, which ar.... More »
Is the 4% Rule obsolete? Jul 31st
Over the half decade I’ve written this column and attempted to practice what it preaches, a central pillar has been the so-called 4% Rule. As originally postulated by Certified Financial Planner and author William Bengen, that’s the rule of thumb that retirees can safely withdraw 4% of the value.... More »
Am I on track to retire after being laid off? + MORE May 10th
(Photograph by Jessica Balfour)
The current situation
Coleen Cudmore is single and lives in Kelowna, B.C., where, until recently, she was a manager at an insurance company. When her branch was closed in January, she received a severance package. Now, she plans to retire in December, when she turns 5.... More »
Deep-value stocks on the verge of a turnaround?
– moneysense.ca
Many investors are getting reacquainted with that panicky feeling they felt back in 2008. One type of investor, though, may be welcoming the correction. Deep-value buyers—people who look for stocks that are trading at a large discount to what they appear to be really worth—have had a rough go over the past few years. The TWM Deep Value Index, which includes 20 undervalued dividend stocks, such as Xerox Corp. (NYSE: XRX) and Halliburton Co. (NYSE: HAL), has fallen 11.3% since September 2014. Many other stocks considered deep value, such as Staples Inc. (Nasdaq: SPLS) or Reitmans (Canada) Ltd. (TSX: RET), have dropped dramatically as well.
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
The underperformance is widely attributed to the efforts of central banks to inject liquidity into the markets since the recession. When markets rise across the board, value stocks tend to suffer, says Timothy Rankin, a portfolio manager with Franklin Templeton Investments. People look for companies that are keeping pace, not ones that are trying to turn themselves around…
What’s the sweet spot for a down payment on a house?
– moneysense.ca
Q: We’re buying a home valued at $275,000 and 100% of our down payment is coming from our RRSPs. We do not have enough to come up with a 20% down payment so now we’re trying to decide: (a) is it better to put down only 5% and pay more on mortgage insurance premiums, but have more cash in hand; or (b) put down 15% on the home, pay less in insurance premiums but have less cash in hand. —Glen Slim, Ottawa
A: Owing a home is a good idea for many, but despite your best laid plans, you could be faced with unexpected expenses. If you can’t quite hit the 20% threshold to avoid mortgage loan insurance, I think you’re right to hold some money back. Joe Jacobs is a broker with Mortgage Connections and based on his calculations you should consider a third option, let’s call it option (c). “The sweet spot is likely 10% down,” he says, because of how the premiums are calculated. For the house you’re buying, the insurance premium with 5% down would be 3.6% of the total or $9,400. With 10% down you’d pay 2…
A: Owing a home is a good idea for many, but despite your best laid plans, you could be faced with unexpected expenses. If you can’t quite hit the 20% threshold to avoid mortgage loan insurance, I think you’re right to hold some money back. Joe Jacobs is a broker with Mortgage Connections and based on his calculations you should consider a third option, let’s call it option (c). “The sweet spot is likely 10% down,” he says, because of how the premiums are calculated. For the house you’re buying, the insurance premium with 5% down would be 3.6% of the total or $9,400. With 10% down you’d pay 2…
Stock markets are finishing out the third quarter of the year on an upbeat note, with the TSX and Dow up by triple digits in the afternoon.
The False Income-Inequality Narrative
– online.wsj.com
The focus on divvying up existing wealth instead of creating more for everyone hurts the very people the left says it wants to help.Despite diesel emissions scandal, Volkswagen insists ‘nothing has changed’ at lone US plant
– canadianbusiness.com
CHATTANOOGA, Tenn. – Inside Volkswagen’s only U.S. assembly plant there’s little hint of the diesel emissions cheating scandal embroiling the German automaker around the world. Sparks fly off robotic welding arms, new versions of the Passat sedan roll off the line and workers install equipment to build a new SUV billed as a key to reviving the company’s growth prospects in America.
“Nothing has changed, and the factory construction goes on,” plant spokesman Scott Wilson told The Associated Press on a tour of the sprawling facility where Volkswagen plans to add 2,000 jobs as it expands the facility by 30 per cent.
But despite the business-as-usual feel of the plant, production of diesel-engine vehicles has been put on hold by VW until they get more clarity on the consequences of the emissions scandal, which has already led to the CEO’s resignation, cost the company billions of dollars in lost stock value and unleashed a flood of lawsuits.
The carmaker has admitted that 11 million of its diesel vehicles worldwide were fitted with a program that duped U…
“Nothing has changed, and the factory construction goes on,” plant spokesman Scott Wilson told The Associated Press on a tour of the sprawling facility where Volkswagen plans to add 2,000 jobs as it expands the facility by 30 per cent.
But despite the business-as-usual feel of the plant, production of diesel-engine vehicles has been put on hold by VW until they get more clarity on the consequences of the emissions scandal, which has already led to the CEO’s resignation, cost the company billions of dollars in lost stock value and unleashed a flood of lawsuits.
The carmaker has admitted that 11 million of its diesel vehicles worldwide were fitted with a program that duped U…
