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Business Highlights + MORE Dec 18th
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Women are out-earning men in corporate finance
Women may be badly outnumbered in the top ranks of corporate America, but at least they aren’t underpaid.
Compensation for female chief financial officers at S&P 500 companies last year outpaced that of their male counterparts, according t.... More »
$200 off 14-inch MacBook Pro is an early 4th July sale treat - Creative Bloq Jul 2nd
$200 off 14-inch MacBook Pro is an early 4th July sale treat Creative BloqApple's M1 MacBook Pro Is $300 Off in This Early Fourth of July Sale CNETApple's loaded 16-inch MacBook Pro with M1 Max, 64GB RAM is $300 off, back in stock AppleInsiderAmazon clears out Appleâ.... More »
Toronto real estate agent reveals new details in killings of billionaires Barry and Honey Sherman - CBC.ca Oct 26th
CBC.caToronto real estate agent reveals new details in killings of billionaires Barry and Honey ShermanCBC.caAs the lawyer leading a team of private investigators looking into the murders of Honey and Barry Sherman gets set to announce new efforts to catch the couple's killers today, a Toronto .... More »
Bitcoin drops 10% as cryptocurrencies decline with risk assets + MORE Feb 5th
Bitcoin falls for a fifth consecutive day
.... More »
The problem with using infrastructure to stimulate the economy + MORE Jan 17th
The economy seems under intense pressure at the beginning of 2016. In the first two weeks alone, Canadian stock markets were down over 7 per cent, the dollar fell from over 72 cents to under 69 cents, oil prices fell from about $37/barrel to less than $30. In response, the government is “actively.... More »
IEX founder Brad Katsuyama aims to change how U.S. stock markets function
– theglobeandmail.com
Former RBC trader and Flash Boy Brad Katsuyama faces new challenges as he expands fledgling trading platform IEX into a stock exchange
Agree or Disagree – Testing 15 Financial Rules
– myownadvisor.ca
Recently, this article on BrighterLife.ca caught my attention – 15 common financial rules of thumb.  Author of this article Dave Dineen offered his take on these rules, and today’s post will offer mine.
Your retirement income needs to be 70% of your working income.
Largely agree, this is one of the more reasonable financial rules of thumb.  While some big, current expenses are expected to disappear in retirement (mortgage, RRSP contributions), new ones may appear (rising healthcare costs, travel). Our goal is to save for about 50-70% of our working income, excluding any contributions to workplace pensions, excluding any projected assistance from any government programs.
Keep an emergency fund equal to six months’ income.
Somewhat agree. A six-month fund would be very handy in a job loss situation but it’s very difficult to rationalize this sum of money and the opportunity costs associated with this; getting this amount of money working for you. That said, we have a few thousand saved up in our emergency fund now, we hope to have this amount eventually, at some point…
Your retirement income needs to be 70% of your working income.
Largely agree, this is one of the more reasonable financial rules of thumb.  While some big, current expenses are expected to disappear in retirement (mortgage, RRSP contributions), new ones may appear (rising healthcare costs, travel). Our goal is to save for about 50-70% of our working income, excluding any contributions to workplace pensions, excluding any projected assistance from any government programs.
Keep an emergency fund equal to six months’ income.
Somewhat agree. A six-month fund would be very handy in a job loss situation but it’s very difficult to rationalize this sum of money and the opportunity costs associated with this; getting this amount of money working for you. That said, we have a few thousand saved up in our emergency fund now, we hope to have this amount eventually, at some point…
