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'Strong but not stellar' quarter for Netflix shows higher profit, but slower subscriber growth + MORE Jul 17th
Netflix released second quarter earnings after stock markets closed on Monday, and while the streaming giant revealed it added fewer new customers than anticipated, it still added more than 5 million people to its customer base in the past three months..... More »
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ - Toronto Star May 7th
Ontario appoints supervisor to run Conestoga College after audit exposing ‘serious mismanagement’ Toronto StarOntario appoints administrator to run Conestoga College, citing financial mismanagement The Globe and MailLILLEY: Conestoga board approved John Tibbits’ $3M payou.... More »
Before the Bell: Stocks set to rise on strong earnings + MORE Oct 18th
A look at overnight markets and what's ahead this trading day in North America
.... More »
Federal deficit through first eight months of fiscal year totals $9.1 billion + MORE Jan 27th
OTTAWA _ The federal government’s deficit for the first eight months of the current fiscal year was smaller than a year earlier as revenue growth outpaced increases in spending.
According to the latest fiscal monitor, Ottawa rang up a deficit of $9.1 billion for the period from April to Novemb.... More »
Puerto Rico filing says government likely to cut services or default on debt before year’s end + MORE Nov 8th
SAN JUAN, Puerto Rico – Puerto Rico’s government will likely have to cut back on public services or default on debts before the end of the year because it is running out of cash, the Government Development Bank said in a financial filing.
Putting numbers to a warning this summer from Gov.... More »
The $1,000-a-month rule for retirement
– moneysense.ca
Here’s an interesting rule of thumb that most retirees and would-be retirees would do well to adopt. Developed by U.S.-based financial planner Wes Moss, it’s called “The 1,000-Bucks-a-Month Rule.” It means that for every thousand dollars in monthly income you want in retirement, you need to have saved $240,000.
So if you want $2,000 a month from your investment portfolio, this rule suggests you’d need to amass $480,000, which just happens to be close to the minimum amount ($500,000) that “happy retirees” in the U.S. tend to have saved up. Note this rule is to generate investment income that is above and beyond pension income, government pensions like Social Security (in the U.S.) or the combination in Canada of CPP/OAS.
This guideline suggests that if you want $4,000 a month from investment income, in addition to the usual alternative sources of income, then you need to have saved almost a million in liquid investments: $240,000 times four is $960,000. If you wanted $10,000 a month, then you’d need $2…
So if you want $2,000 a month from your investment portfolio, this rule suggests you’d need to amass $480,000, which just happens to be close to the minimum amount ($500,000) that “happy retirees” in the U.S. tend to have saved up. Note this rule is to generate investment income that is above and beyond pension income, government pensions like Social Security (in the U.S.) or the combination in Canada of CPP/OAS.
This guideline suggests that if you want $4,000 a month from investment income, in addition to the usual alternative sources of income, then you need to have saved almost a million in liquid investments: $240,000 times four is $960,000. If you wanted $10,000 a month, then you’d need $2…
Walgreen plans to keep its headquarters in the United States, saying it will no longer pursue an overseas reorganization that would have shifted its base to another jurisdiction, lowering the U.S. taxes it pays.
120 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.
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.
First Nations Transparency Act holdouts given 120 days to post financial data – CBC.ca
– news.google.ca
National PostFirst Nations Transparency Act holdouts given 120 days to post financial dataCBC.caThe federal government says First Nations bands have until the end of November to comply with new transparency rules that came into effect last week, or risk losing government funding. The First Nations Financial Transparency Act requires that all bands …Nearly two-thirds of First Nations haven't disclosed finances to OttawaThe Globe and Mailall 10 news articles »
