The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Weekend Reading – New sites, behaviour gaps, retirement numbers and more
– myownadvisor.ca
Welcome to your Weekend Reading list. I hope you enjoy my favourite articles from the week that was….
New to the blogging scene but not new to personal finance and investing, Barry Choi launched a website and shared his top personal finance books for Canadians.
Boomer and Echo wrote about the behaviour gap that hurts investors.
The Blunt Bean Counter finished his series about a magic retirement number for most Canadians.
Young and Thrifty offered a few ways why renting in your 20s is a good thing for your retirement. I agree and rented for most of my 20s myself.
The Passive Income Earner wrote an income tax planning guide.
This blogger offered 7 solid reasons why failure is a good thing.
MoneySense said the middle class is just getting by today.
This Globe and Mail article made no sense to me. I suppose paying down debt doesn’t make anyone rich though.
Dan Solin shared some myths about dividend investing. This one was odd, “dividend-paying stocks provide adequate diversification”…
New to the blogging scene but not new to personal finance and investing, Barry Choi launched a website and shared his top personal finance books for Canadians.
Boomer and Echo wrote about the behaviour gap that hurts investors.
The Blunt Bean Counter finished his series about a magic retirement number for most Canadians.
Young and Thrifty offered a few ways why renting in your 20s is a good thing for your retirement. I agree and rented for most of my 20s myself.
The Passive Income Earner wrote an income tax planning guide.
This blogger offered 7 solid reasons why failure is a good thing.
MoneySense said the middle class is just getting by today.
This Globe and Mail article made no sense to me. I suppose paying down debt doesn’t make anyone rich though.
Dan Solin shared some myths about dividend investing. This one was odd, “dividend-paying stocks provide adequate diversification”…
Vietnam says bitcoin transactions are illegal, warns against investing in virtual currencies
– canadianbusiness.com
HANOI, Vietnam – Vietnam’s communist government said trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them.
A central bank statement late Thursday didn’t spell out penalties for those who disobeyed the instruction, but it said that virtual currencies are linked to money laundering and other illegal activities.
The collapse of a major bitcoin exchange in Tokyo this week has drawn renewed attention to the currency.
Late last year, China banned its banks and payment systems from handling bitcoin. Thailand earlier put a blanket ban on its use.
Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees.
There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far…
A central bank statement late Thursday didn’t spell out penalties for those who disobeyed the instruction, but it said that virtual currencies are linked to money laundering and other illegal activities.
The collapse of a major bitcoin exchange in Tokyo this week has drawn renewed attention to the currency.
Late last year, China banned its banks and payment systems from handling bitcoin. Thailand earlier put a blanket ban on its use.
Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees.
There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far…
The International Monetary Fund says it will consider Ukraine’s call for financial help and will send a fact-finding team to Kyiv to assess its financial needs.
Get the Facts, Face the Facts
– online.wsj.com
Cabot, a mutual-fund pioneer, independently forged an investment philosophy that closely mirrored Benjamin Graham’s value investing. John Steele Gordon reviews Michael R. Yogg’s “Passion for Reality
Australia’s second largest airline Virgin posts $75 million 6-month loss, blames competition
– canadianbusiness.com
SYDNEY – Virgin Australia Holdings Ltd., the country’s No. 2 airline, Friday reported a first-half loss of 83.7 million Australian dollars ($75 million), as airlines increased seat capacity faster than passenger demand in the domestic market.
The loss for the six months through December 2013 was a dramatic fall from the AU$23 million profit for the same period a year earlier.
Virgin Australia chief executive John Borghetti said the result reflected tough trading conditions across the entire industry.
He also blamed Australia’s carbon tax, which cost the airline AU$27 million during the half. Australia’s new government plans to repeal the tax which is levied on the country’s biggest carbon gas industrial polluters.
“The Australia aviation market continues to be impacted by the significant capacity growth which occurred during the 2013 financial year, compounded by weak economic conditions and the inability to recover the cost of the carbon tax,” Borghetti said in a statement…
The loss for the six months through December 2013 was a dramatic fall from the AU$23 million profit for the same period a year earlier.
Virgin Australia chief executive John Borghetti said the result reflected tough trading conditions across the entire industry.
He also blamed Australia’s carbon tax, which cost the airline AU$27 million during the half. Australia’s new government plans to repeal the tax which is levied on the country’s biggest carbon gas industrial polluters.
“The Australia aviation market continues to be impacted by the significant capacity growth which occurred during the 2013 financial year, compounded by weak economic conditions and the inability to recover the cost of the carbon tax,” Borghetti said in a statement…
