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Term vs. permanent life insurance: How to choose what’s right for you + MORE Oct 8th
Life insurance can protect your loved ones financially after you’re gone, but picking the right kind can protect your wallet even when you’re alive. Generally, there are two kinds of life insurance: term life insurance and permanent life insurance. Permanent life insurance provides lifel.... More »
How to get money out of Locked-In Retirement Accounts + MORE Mar 17th
Unless you qualify due to extraordinary circumstances, you may need to draw down your locked-in LIRA money slowly (Geoff George/Getty Images)
Q: I have a LIRA and have been told that each province has strict laws on when I would be able to withdraw funds. I am 63 years old and would like to asses so.... More »
Cenovus selling Palliser assets in Alberta to Torxen for $1.3B + MORE Oct 19th
Cenovus Energy Inc. says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion..... More »
Australia cuts its benchmark interest rate to record low + MORE Feb 3rd
SYDNEY, Australia – Australia’s central bank cut its benchmark interest rate to a record low of 2.25 per cent on Tuesday in a bid to jolt an economy weighed down by falling commodity prices.
The Reserve Bank of Australia’s quarter percentage point rate cut at a monthly board meeting wa.... More »
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 11th
Ask MoneySense
I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne
Capital losses in a TFSA
A capital loss is when you sell an investment at a lowe.... More »
New Trade: Long Expedia ($EXPE) & Short Travelzoo ($TZOO)
– IntelligentSpeculator.net
It was a fairly slow week but things continue to go well so I certainly can’t complain. I’m considering closing my trade on EBAY & YHOO (currently up 28%) because of everything that’s going on with eBay these days (battle between the board and Carl Icahn) so stay tuned on that one:)As will be the case all year, my long & short stock picks will be available to see in my live spreadsheet:
http://www.intelligentspeculator.net/livetrades
You can see the numbers for both companies involved in today’s trade here:
TickerNamePricePE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaRevenue/ShareSales 5Y Avg GrowthSales 5Y Avg GrowthEPS 5Y Avg Growth
EXPEExpedia Inc78.5337.5717.6912.7318.383.6416.541.1535.3713.3711.1816.23
TZOOTravelzoo Inc23.6221.4717.8310.794.673.672.090.6410.3614.214.2N/A
As you can see in the chart below, there is a significant difference in terms of growth between these two companies and that has been true for almost 2 years with no signs of an upcoming reversal…
Billionaire Warren Buffett offers wit and wisdom on variety of topics in interview Monday
– canadianbusiness.com
Investor Warren Buffett discussed topics ranging from the state of the U.S. economy to rail car safety, the proposed Keystone gas pipeline and extreme weather swings during a three-hour appearance on CNBC. Here are a few other topics he addressed:
— The chairman and CEO of Berkshire Hathaway Inc. said it’s very unlikely regulators will consider his conglomerate “too big to fail” because of its financial strength and because its relatively small portfolio of derivative contracts is winding down. He said regulators haven’t contacted Berkshire.
— Berkshire Hathaway is a major shareholder in Coca-Cola Co. and Buffett says he drinks five Cokes a day. Buffett said Coca-Cola has wonderful brands that account for roughly 3 per cent of all liquids consumed globally.
“It’s under a lot more pressure than it was 10 or 15 years ago, particularly in the United States,” Buffett said. “But their sales went up last year just as they’ve gone up nearly every year…
— The chairman and CEO of Berkshire Hathaway Inc. said it’s very unlikely regulators will consider his conglomerate “too big to fail” because of its financial strength and because its relatively small portfolio of derivative contracts is winding down. He said regulators haven’t contacted Berkshire.
— Berkshire Hathaway is a major shareholder in Coca-Cola Co. and Buffett says he drinks five Cokes a day. Buffett said Coca-Cola has wonderful brands that account for roughly 3 per cent of all liquids consumed globally.
“It’s under a lot more pressure than it was 10 or 15 years ago, particularly in the United States,” Buffett said. “But their sales went up last year just as they’ve gone up nearly every year…
Key Canada Events: Week of March 3-7
– blogs.wsj.com
PDAC, the wrap-up of Canadian bank earnings season, Bank of Canada’s rate decision and jobs and trade numbers are some events on tap this week.
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Canadian Stocks Fall as Global Selloff Overshadows Gold – Bloomberg
– news.google.ca
Montreal GazetteCanadian Stocks Fall as Global Selloff Overshadows GoldBloombergCanadian stocks fell, reversing an early advance, as a global equities selloff from the escalating Crimea conflict offset a rally in gold companies. National Bank of Canada and Bank of Montreal lost more than 1.4 percent as financial shares slumped. Lundin …Vancouver-based Goldcorp wins reprieve from Osisko Mining on takeover bidVancouver SunGoldcorp Sets Aside Full Rehabilitation Cost for its State of the Art Éléonore Gold …Wall Street JournalOsisko, Goldcorp settle legal disputeBusiness News AmericasReuters Canada -Tech News -Reutersall 48 news articles »
