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A guide to five-year fixed mortgage rates + MORE Feb 28th
After consecutive years of record-low interest rates in Canada, many experts predict we are entering a period of rising rates—which would make the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of these rate hikes can make the stability of a f.... More »
5 Tips Online Investors Should Know + MORE Nov 17th
Online Investing is a very intriguing field. If done properly, it can change your life forever. However, starting your online investing career can be very difficult and you will face a lot of challenges and questions. After doing a lot of research in this field, we have figured out some tips that ca.... More »
Is China’s economy slowing down? Jun 17th
Shanghai, China, 2010.
China has been an economic powerhouse for decades and a massive driver of growth and sources of investment around the world. However, as one of the world’s largest economies, it appears to be slowing as it matures.
There are a variety of signs and potential reasons. Trade te.... More »
TSX closes higher on final day of difficult year for the market Dec 31st
Canada's main stock index closed higher along with U.S. markets on the final day of trading of what has been a difficult year for stocks..... More »
Is it Apple's turn for a FAANG-over? Tech giant set to reveal earnings Tuesday + MORE Jul 30th
Apple Inc. reports after the closing of stock market trading on Tuesday with much of the attention likely to be focused once again on the future of the company's key product, the iPhone..... More »
A growth portfolio for the long term
– moneysense.ca
(Jason Franson)Srinivas Velanki, a 52-year-old engineer from Edmonton, has a defined-benefit pension plan and real estate properties. Right now his low six-figure retirement portfolio is invested mostly in an RRSP of 90% balanced mutual funds, 7% global equity funds and the remaining 3% spread among three stocks: Corus Entertainment, Canadian National Railway and Canadian Pacific Railways. Now he wants to switch to a high-growth stock portfolio (no dividends required) and exchange-traded funds. “I want the money to travel in retirement, so I’m aiming big. I’d like an average annual return of 10% over the next 20 years.”
Minimizing exposure to fixed income by reducing exposure to balanced funds is a good move mainly because Velanki’s core retirement needs will be taken care of with his pension and other savings. “Investors who rely on bond products to keep them safe and provide a reasonable rate of return could be very disappointed for many years,” explains Miles Clyne, a portfolio manager with the Tycuda Group at MacDougall Investment Counsel Inc…
3 tips for getting the best mortgage this spring
– moneysense.ca
MoneySense contributor Bruce Sellery offers three tips on buying a home this spring. It’s not just about finding the perfect home, it’s also about finding the perfect mortgage and calculating how much you can really afford.
Ask Home Owner columnist Romana King your real estate question »
Ask Home Owner columnist Romana King your real estate question »
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Read more from Romana King at Home Owner on Facebook »
The post 3 tips for getting the best mortgage this spring appeared first on MoneySense.
Say what? Stocks in retirement are risky?
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Recently I read an article in The Globe and Mail suggesting relying on stocks for retirement income is a risky strategy. Say what?
Prem Watsa, the CEO of insurance and investment giant Fairfax Financial Holdings Ltd., stated “What happens with these low interest rates is that you have people searching for yield and taking risks that they may not understand, that they may not know.” Partially true. And sure, the world could be hit by another massive financial asteroid/downturn but I’m not about to run into a cave with cans of soup or a bunch of matches. Everyone has a bias when it comes to investing and I think Watsa has some as well. My understanding is Watsa has a history of buying put options and derivatives to bet against market movements. He is the founder and CEO of a major insurance company. His bearish calls are probably not a surprise.
Back to the article I’d like to think this particular case study was taken out of context…
Recently I read an article in The Globe and Mail suggesting relying on stocks for retirement income is a risky strategy. Say what?
Prem Watsa, the CEO of insurance and investment giant Fairfax Financial Holdings Ltd., stated “What happens with these low interest rates is that you have people searching for yield and taking risks that they may not understand, that they may not know.” Partially true. And sure, the world could be hit by another massive financial asteroid/downturn but I’m not about to run into a cave with cans of soup or a bunch of matches. Everyone has a bias when it comes to investing and I think Watsa has some as well. My understanding is Watsa has a history of buying put options and derivatives to bet against market movements. He is the founder and CEO of a major insurance company. His bearish calls are probably not a surprise.
Back to the article I’d like to think this particular case study was taken out of context…
Glencore adjusted earnings by business segment
– theglobeandmail.com
No description available
Glencore agricultural products adjusted earnings
– theglobeandmail.com
No description available
