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Latest News
4 changes in B.C.’s hot real estate market + MORE May 6th
(Lucidio Studio, Inc. / Getty Images)
After weeks of acrimonious headlines and months of finger-pointing, there’s been a few developments that should eventually help ease skyrocketing Vancouver home prices.
Triple the fine
At the end of March, the president of Real Estate Board of Greater Va.... More »
Reader Questions – How I built my dividend portfolio + MORE Mar 4th
Save, invest, prosper with My Own Advisor.
Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. Iâ€.... More »
European leaders debate timing of UK's exit; Britons sign petition for new EU vote - The Globe and Mail (subscription) + MORE Jun 26th
The Globe and Mail (subscription)European leaders debate timing of UK's exit; Britons sign petition for new EU voteThe Globe and Mail (subscription)German Chancellor Angela Merkel sought on Saturday to temper pressure from Paris, Brussels and her own government to force Britain into negotiating.... More »
Alaska could end to oil checks paid to residents since 1982 + MORE Jun 29th
ANCHORAGE, Alaska – As Alaska faces a multibillion dollar budget deficit, the oil fund wealth checks distributed yearly to nearly every Alaskan could be on the chopping block.
It could mean the first time in more than 30 years that most Alaskans won’t get a check from the government just.... More »
The Crippling Cost of 70% Tax Rates Jan 22nd
Alexandria Ocasio-Cortez’s proposal would smother investment and innovation, leaving America poorer..... More »
Bangladesh Bank heist shows weak spots in finance safeguards
– canadianbusiness.com
MANILA, Philippines – The laundering through the Philippines of $81 million stolen by hackers from a U.S. Federal Reserve account is adding to pressures on the Southeast Asian country to fix loopholes in its financial regime.
It also highlights a potential pitfall in global anti-money laundering efforts, which in the case of the Philippines has focused more on vanquishing terrorist financing than on preventing misuse of the financial system by banks and casinos.
The disclosure of the theft from an account of the Bangladesh central bank at the New York Fed, has given such issues fresh traction, with a front-runner for the May presidential election, Senator Grace Poe calling for a change to the Philippines’ stringent bank secrecy law.
“The trend now in the world is having bank disclosures, not bank secrecy,” Poe told reporters earlier this week. “This is to prevent also the funneling of money down to terroristic activities, drug cartels, etc. We should be one with the international community in preventing such activities…
It also highlights a potential pitfall in global anti-money laundering efforts, which in the case of the Philippines has focused more on vanquishing terrorist financing than on preventing misuse of the financial system by banks and casinos.
The disclosure of the theft from an account of the Bangladesh central bank at the New York Fed, has given such issues fresh traction, with a front-runner for the May presidential election, Senator Grace Poe calling for a change to the Philippines’ stringent bank secrecy law.
“The trend now in the world is having bank disclosures, not bank secrecy,” Poe told reporters earlier this week. “This is to prevent also the funneling of money down to terroristic activities, drug cartels, etc. We should be one with the international community in preventing such activities…
Asian stocks mostly higher after US gains; Tokyo stocks down
– canadianbusiness.com
SEOUL, South Korea – Asian stocks mostly advanced on Friday as higher prices for commodities, including crude oil, pushed Wall Street stocks higher overnight. But shares in Tokyo fell as the yen’s strength worried investors.
KEEPING SCORE: Japan’s Nikkei 225 fell 1.3 per cent to 16,724.81 while South Korea’s Kospi added 0.1 per cent to 1,992.12. Hong Kong’s Hang Seng index rose 0.6 per cent to 20,616.98. The Shanghai Composite index in mainland China rose 1.8 per cent to 2,955.67 while Australia’s S&P/ASX 200 gained 0.3 per cent to 5,239.30. Stocks in Taiwan, Singapore and Indonesia were higher.
ANALYST’S TAKE: “A lot of the worries on the worry list from early this year have faded,” Shane Oliver, head of investment strategy at AMP Capital in Sydney, Australia, said in a daily commentary. Oliver cited the stabilization of the Chinese renminbi, the halt in the U.S. dollar’s rise, eased fears about a U.S. recession and higher crude oil and commodity prices…
KEEPING SCORE: Japan’s Nikkei 225 fell 1.3 per cent to 16,724.81 while South Korea’s Kospi added 0.1 per cent to 1,992.12. Hong Kong’s Hang Seng index rose 0.6 per cent to 20,616.98. The Shanghai Composite index in mainland China rose 1.8 per cent to 2,955.67 while Australia’s S&P/ASX 200 gained 0.3 per cent to 5,239.30. Stocks in Taiwan, Singapore and Indonesia were higher.
ANALYST’S TAKE: “A lot of the worries on the worry list from early this year have faded,” Shane Oliver, head of investment strategy at AMP Capital in Sydney, Australia, said in a daily commentary. Oliver cited the stabilization of the Chinese renminbi, the halt in the U.S. dollar’s rise, eased fears about a U.S. recession and higher crude oil and commodity prices…
Weekend Reading – Giveaways, asset quilts, income, Vancouver home prices and more
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Welcome to some new Weekend Reading friends! Earlier this week I contacted the winners of my TurboTax Canada giveaway but unfortunately only a couple of folks got back to me on time so I might need to draw a few new names. Congratulations to readers Andrea and Jason, and thanks for reading. Stay tuned for new names and hopefully I call your name!
This post got a number of comments this week: Asset allocation in retirement. I also started a new giveaway on my site: The Essential Retirement Guide. Make sure you check out that post and enter!
I actually have more giveaways planned for my site in the coming weeks so share the love (this blog) with friends and family.
Have a great weekend,
Mark
A Wealth of Common Sense updated his favourite asset quilt.
Dividend Earner had some solid monthly income.
Boomers in Vancouver are making a killing on real estate. Here’s a story about one couple that sold their five-bedroom home for $3 million in December, a 100-fold gain from their purchase in 1970…
Welcome to some new Weekend Reading friends! Earlier this week I contacted the winners of my TurboTax Canada giveaway but unfortunately only a couple of folks got back to me on time so I might need to draw a few new names. Congratulations to readers Andrea and Jason, and thanks for reading. Stay tuned for new names and hopefully I call your name!
This post got a number of comments this week: Asset allocation in retirement. I also started a new giveaway on my site: The Essential Retirement Guide. Make sure you check out that post and enter!
I actually have more giveaways planned for my site in the coming weeks so share the love (this blog) with friends and family.
Have a great weekend,
Mark
A Wealth of Common Sense updated his favourite asset quilt.
Dividend Earner had some solid monthly income.
Boomers in Vancouver are making a killing on real estate. Here’s a story about one couple that sold their five-bedroom home for $3 million in December, a 100-fold gain from their purchase in 1970…
It’s time to revisit income trusts while avoiding their worst excesses
– theglobeandmail.com
Here’s a suggestion for Prime Minister Justin Trudeau and his government looking for ways to boost the economy and create a steady stream of investment income for Canadians who need it
How to survive the oil slump—from the people who lived it before
– canadianbusiness.com
(Portrait by Erik Putz)Most people working in the oilpatch in the summer of 2014 had never known a prolonged downturn. But in the 1980s and ’90s, it was the norm. We asked battle-tested industry veterans how they survived past oil price crashes—and how today ’s leaders can persevere:
IAN MACGREGOR
President, CEO and chairman, North West Upgrading
Ian MacGregor entered the oil and gas industry in 1969, splitting his time between studying mechanical engineering at the University of Calgary and doing shifts as a night watchman at the machine shop where his father worked. Following graduation, MacGregor bought a truck and a set of tools, and turned his attention to fixing things; mechanics was more lucrative than engineering, he says.
How energy companies are responding to the oil price slump
MacGregor started his first business, oil-field engineering and construction firm Abax Energy Services, in 1972. Entrepreneurship was a good fit, and MacGregor has been at the helm of various ventures since, including building and operating small gas plants, starting a private investment company, and his current role: president, CEO and chairman of North West Upgrading, a Calgary-based company partnering to build a bitumen refinery near Redwater, Alta…
