TSX getting you down? There are always sound investment alternatives.
Latest News
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector - Reuters Jan 29th
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector ReutersHong Kong court orders Chinese property developer Evergrande to liquidate CBC NewsLive news: Evergrande ordered to liquidate as China property crisis continues Financial PostChina E.... More »
Alphabet stock jumps 9% on back of blowout earnings - CNBC Feb 2nd
Alphabet stock jumps 9% on back of blowout earnings CNBCGoogle posts strong holiday sales, Alphabet shares surge The Globe and MailGoogle parent Alphabet beats earnings expectations Al Jazeera EnglishAlphabet reports US$20.64-billion fourth-quarter profit - Sault Ste.... More »
World markets sharply lower to start 2016; bad news out of China sparks sell-off + MORE Jan 4th
An overnight drop in stock prices that began in China provided a dismal backdrop for the first trading day of 2016..... More »
Auto dealership group Dilawri using REIT as vehicle for consolidation + MORE Jul 6th
Trend is accelerating as operators of single dealerships or a few stores look for ways to sell real estate as they exit the business
.... More »
Making sense of the markets this week: October 26 Oct 23rd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The pandemic holiday season is near
This will be our first “global pandemic holiday season.”
That phrase does not have a nice festive ring to it, I know. And it might not .... More »
4 key retirement planning decisions: Roseman
– thestar.com
Whether you retire early or late, you will make some big financial decisions. So, plan ahead and think things through.The strange case of the $748 hydro bill: Mayers
– thestar.com
When an Ottawa mortgage broker’s electricity bill went through the roof, she learned how tough it can be to take on your local utility.Investors see warmth beyond a frigid outlook
– theglobeandmail.com
First-quarter earnings expected to fall but profit warnings have failed to dent investor sentiment
How to kill your retirement plan in 3 easy steps
– myownadvisor.ca
Over the years I’ve read a number of personal finance and investing books to mature my financial acumen. For today’s post I’ll collate what I think are three great ways to kill your retirement plan.
Retirement plan killer # 1 – always living with credit card debt
Unless you have a healthy and rising stream of cash flow (good on you by the way), I’m convinced consumer debt is a great way to kill your retirement plan. Consumer debt, such as credit card debt is a HUGE retirement plan killer; who on earth pays 18% interest for months on end for money they don’t have? It’s like the Grim Reaper is holding your retirement plan in his hand.
On a personal note, my wife and I avoid most consumer debt. We don’t have any credit card debt but we do have a bi-weekly car payment. This is not ideal but we’re working on it. This brings me to my next retirement killer point…
Retirement plan killer # 2 – always having a car payment
Again, unless you have a healthy and rising stream of cash flow, borrowing money all the time to pay for a depreciating asset is not a good idea…
Retirement plan killer # 1 – always living with credit card debt
Unless you have a healthy and rising stream of cash flow (good on you by the way), I’m convinced consumer debt is a great way to kill your retirement plan. Consumer debt, such as credit card debt is a HUGE retirement plan killer; who on earth pays 18% interest for months on end for money they don’t have? It’s like the Grim Reaper is holding your retirement plan in his hand.
On a personal note, my wife and I avoid most consumer debt. We don’t have any credit card debt but we do have a bi-weekly car payment. This is not ideal but we’re working on it. This brings me to my next retirement killer point…
Retirement plan killer # 2 – always having a car payment
Again, unless you have a healthy and rising stream of cash flow, borrowing money all the time to pay for a depreciating asset is not a good idea…
