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Long-term future of Bombardier's other commercial aircraft unclear, analysts say Oct 21st
Bombardier's strategic C Series partnership with Airbus should put it on stronger financial footing but it remains unclear what fate awaits its other commercial aircraft..... More »
What to do now the markets are blowing up + MORE Aug 23rd
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“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Ben Graham, legendary investor, financial hero of Warren Buffett
I can appreciate these are trying times if you̵.... More »
‘It sucks:’ Hardisty, town at start of Keystone XL, takes stock of rejection Nov 7th
HARDISTY, Alta. – Lee Hayes and his coworker Dave Stuart have a blunt assessment of U.S. President Barack Obama’s rejection of the Keystone XL pipeline: “It sucks.”
The two 50-something men make their living maintaining equipment in the tiny, quiet town of Hardisty, Alta., wh.... More »
Horizons Swap ETFs: The Next Generation Sep 6th
It’s been a stressful few months for investors using the popular swap-based ETFs from Horizons. These funds have been available since 2011 and have attracted some $5.3 billion in assets because of their innovative, tax-efficient structure. But when the federal government released its budget in Mar.... More »
When an investment seems too good to be true: Vaz-Oxlade + MORE Nov 12th
If you're approached with a “great deal” and a promise of “fabulous returns” or a “sure thing,” here are some questions to ask..... 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.
