Billionaire investors George Soros, Carl Icahn both have been gobbling up Apple stock + MORE Aug 14th

Are you a penny pincher or a shopaholic, a risk taker or security seeker? Each of us has a financial personality and when building a relationship, it’s important to learn more about one another’s financial philosophies — and any financial baggage.

Thanks to a friend, the talented editor of the book in fact, I was handed a copy of Money Talks – Lessons from Canada’s Wealthiest by author Sam Sivarajan.  Sam has extensive experience in the investment banking industry and has worked with a number of wealthy Canadians and clients in the UK and Asia.  Money Talks takes readers through a fictional series of coffee talks amongst friends, discussing a host of personal finance and investing lessons learned from Sam’s real-world experience in working with high net worth clients.  The coffee talks are organized into the following book chapters:

Chapter 1 – The Ground Rules of Wealth Creation
Chapter 2 – Risk and Return: The Yin and Yang of Investing
Chapter 3 – Planning: The Foundation of Successful Wealth Creation
Chapter 4 – Portfolio Construction: Building Your Optimal Portfolio
Chapter 5 – The Value of Advice
Chapter 6 – Death and Taxes
Chapter 7 – The Acid Test: Pulling It All Together

The information in Money Talks is not new, I suppose like most personal finance books, but it is written in a clever way that engages the reader to reflect upon their current set of saving and investing money rules and question them…

SAN FRANCISCO – Carl Icahn isn’t the only billionaire investor with an appetite for Apple’s stock.
Financier George Soros more than doubled his stake in the iPhone and iPad maker in recent months, according to regulatory documents filed Wednesday.
Soros’ fund held 66,800 shares of Apple Inc. stock at the end of June, up from 26,800 shares in March.
Apple’s stock finished Wednesday at $498.50, its highest closing price since Jan. 23. At that price, Soros’ holdings are currently worth about $33 million.
Apple’s shares remain nearly 30 per cent below their peak of $705.07 reached nearly 11 months ago. Despite that drop, Apple remains the world’s most valuable company with a market value of more than $450 billion.
Soros’ disclosure about his increased interest in Apple came a day after Icahn took to his Twitter account to announce he has built a large stake in the Cupertino, Calif., company, too.
Icahn hasn’t yet specified how much Apple stock he owns, but he has already urged Apple CEO Tim Cook to increase the amount of money that the company is spending to buy back its stock…

U.S. authorities are on the hunt for a Canadian man described as the mastermind behind one of the largest international penny stock frauds in history.

WASHINGTON – The Obama administration is making changes to the PLUS loan program that may help thousands of families qualify for the college financial aid.
In a letter obtained by the Associated Press, the Education Department says it has expanded support for families that have recent but small-scale debt. They may now become eligible for PLUS loans through appeals.
Black lawmakers had pressured the administration about the PLUS loans, saying large numbers of previously eligible applicants have been denied aid under tighter credit rules. Parents and graduate students who use PLUS loans have no borrowing limit, but they face interest rates higher than on most federal student loans.
The changes are outlined in a letter to the chairwoman of the Congressional Black Caucus, Democratic congresswoman Marcia Fudge of Ohio.
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