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Is taking on debt always bad? Or is there such a thing as ‘good debt’? Sep 5th
Not all debt is bad. Good debt is when you borrow money to buy assets that tend to increase in value over time, which can help build wealth..... More »
There's A Bigger Threat To London's Financial Capital Status Than Brexit - Forbes Sep 26th
ForbesThere's A Bigger Threat To London's Financial Capital Status Than BrexitForbesMove over Brexit, the biggest threat to London's status as Europe's leading financial center is now Jeremy Corbyn, the leader of Britain's increasingly left-leaning Labour Party. Jeremy Corby.... More »
Ford Canada CEO says company not wavering from $700M investment in Ontario + MORE Feb 17th
Ford’s commitment to investing in its Ontario facilities has not wavered since the election of U.S. President Donald Trump, the head of the automaker’s Canadian operations said Thursday.
“We’re very committed to our manufacturing footprint here in Canada,” Mark Buzzell .... More »
Bitcoin prices drop on news South Korea still considering crackdown + MORE Jan 16th
Prices of bitcoin and other digital currencies fell after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still an option..... More »
DC plans once you retire: What do you do with them? + MORE Jun 26th
Two questions, two experts share their answers on what to do with a defined contribution (DC) pension plan when Canadians retire.
What to do with a DC plan when you’re about to retire
Ask MoneySense
My husband has an DC RPP through an insurance company and will retire within the next year. .... More »
Pimco cuts 3 per cent of global work force after drop in assets
– theglobeandmail.com
Pacific Investment Management Company’s $1.5-trillion in assets under management are down 25 per cent since 2013
CBC.caRCMP charge 5 with fraud, money laundering after probe into OPP unionCBC.caThe RCMP have charged 3 former senior employees of the Ontario Provincial Police Association, a Toronto lawyer and a U.S. citizen with fraud over $5,000 and money laundering. The charges follow a 19-month investigation by the RCMP Financial Crime …Three ex-OPP union leaders among those charged with fraud, money laundering after RCMP probeNational PostEx-OPP union officials charged with fraud, laundering after RCMP probeToronto StarFormer OPP union executives face chargesThe Barrie ExaminerSimcoe.com -24Hours Toronto -Newstalk 1010 -BarrieTodayall 9 news articles »
Four Canadian financial institutions invested $565 million in the companies that manufacture cluster bombs, a weapon that is banned under a UN treaty that Canada has ratified, says a report released Thursday.
One caveat of the 4% withdrawal rule
– moneysense.ca
Dieters experience a great deal of joy when they are able to tighten their belts an extra notch.
But financial belt tightening isn’t much fun. It’s something that came to mind when reading Andrew Hallam’s article called “Retirement Fortunes That You Can’t Control.”
He looked at the experience of two unfortunate retirees. One retired at the peak of the market in 2000 and the other at the peak in 2007. Both invested in a low-fee balanced index fund from Vanguard and withdrew 4% per year to live on.
Given their poor timing, the results weren’t entirely discouraging. While both investors suffered from an initial dip, they also enjoyed a subsequent recovery.
But—and it’s a pretty big ‘but’—the income produced by their portfolios fell when the market declined. For instance, 4% of a $1 million portfolio is $40,000. Should the portfolio fall to $500,000 then the 4% withdrawal only produces a payment of $20,000.
In addition, even after the portfolios recovered, the payments didn’t keep up with inflation…
But financial belt tightening isn’t much fun. It’s something that came to mind when reading Andrew Hallam’s article called “Retirement Fortunes That You Can’t Control.”
He looked at the experience of two unfortunate retirees. One retired at the peak of the market in 2000 and the other at the peak in 2007. Both invested in a low-fee balanced index fund from Vanguard and withdrew 4% per year to live on.
Given their poor timing, the results weren’t entirely discouraging. While both investors suffered from an initial dip, they also enjoyed a subsequent recovery.
But—and it’s a pretty big ‘but’—the income produced by their portfolios fell when the market declined. For instance, 4% of a $1 million portfolio is $40,000. Should the portfolio fall to $500,000 then the 4% withdrawal only produces a payment of $20,000.
In addition, even after the portfolios recovered, the payments didn’t keep up with inflation…
Betting on a recovery? Check out these analysts' forecasts for each TSX sector
– theglobeandmail.com
For investors, identifying the stocks representing companies that will profit most from the expansion is potentially lucrative
