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Latest News
Vancouver home sales fell 38.8% last month, real estate board says - Calgary Herald + MORE Nov 2nd
Calgary HeraldVancouver home sales fell 38.8% last month, real estate board saysCalgary HeraldThe Real Estate Board of Greater Vancouver says home sales fell 38.8 per cent last month compared to October 2015. JONATHAN HAYWARD / Vancouver Sun. ShareAdjustCommentPrint. Home sales plunged 38.8 per cent.... More »
Making sense of the markets this week: April 17 + MORE Apr 14th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
If a TFSA and an RRSP had a child: The new FHSA
As part of the 2022 budget, the government unveiled its new tax-free first home savings account.... More »
Canadian exporters feel pessimistic on NAFTA uncertainty, seeking new solutions + MORE Dec 16th
TORONTO _ Nearly one-quarter of Canadian exporters believe they are negatively affected by looming NAFTA renegotiation uncertainty and are turning to creative solutions to succeed even if the free trade agreement fails, according to a poll by Export Development Canada.
The federal agency supporting .... More »
What to do if you went over your RRSP contribution limit Jun 19th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
Do you haggle?
– moneysense.ca
A recent Consumers Reports survey found only 48% of Americans have tried to bargain for a better deal on everyday goods and services in the last three years, down from 67% in 2007. We’re not sure why either. The same report found nine in 10 who haggle have saved money at least once during that period. Also interesting to note is that men are more likely than women to ask for discounts even though the results show both are equally successful. The lesson here: it doesn’t hurt to ask.
Where do Canada’s savviest investors live? B.C., according to BMO Nesbitt Burns. The firm’s Savviest Investor Index measures investor attitudes and actions. Respondents were scored based on whether they have a financial plan, awareness of their investment profile, amount of attention they pay to market trends and general knowledge about investments and how various factors can impact their portfolio. This year, Albertans finished second with 88 points in financial “savvy,” followed by the Prairies (86), Ontario (82), Quebec (76) and Atlantic Canada (74)…
Where do Canada’s savviest investors live? B.C., according to BMO Nesbitt Burns. The firm’s Savviest Investor Index measures investor attitudes and actions. Respondents were scored based on whether they have a financial plan, awareness of their investment profile, amount of attention they pay to market trends and general knowledge about investments and how various factors can impact their portfolio. This year, Albertans finished second with 88 points in financial “savvy,” followed by the Prairies (86), Ontario (82), Quebec (76) and Atlantic Canada (74)…
Stock Market Myths
– myownadvisor.ca
The following is a guest post from Ben Carlson at A Wealth of Common Sense. Ben writes about personal finance, investments, investor psychology and using your common sense to build wealth.
Investing is counterintuitive. It’s one of the reasons that investors get into trouble by paying attention to the wrong factors when making decisions. In light of this, here are three stock market myths to consider.
Myth #1: The Economy Must be Strong for Stocks to Perform Well
Most investors think that forecasting economic activity is a prerequisite for achieving good stock returns. Recently we have seen slow global economic growth with high rates of unemployment in many countries. Many see this economic data and assume that stocks should be doing terribly.
But anyone who has paid attention to global stock markets for the past five years knows that this is not the case. Economic growth has been anemic yet many stocks have performed remarkably well, doubling or more in some global markets…
Investing is counterintuitive. It’s one of the reasons that investors get into trouble by paying attention to the wrong factors when making decisions. In light of this, here are three stock market myths to consider.
Myth #1: The Economy Must be Strong for Stocks to Perform Well
Most investors think that forecasting economic activity is a prerequisite for achieving good stock returns. Recently we have seen slow global economic growth with high rates of unemployment in many countries. Many see this economic data and assume that stocks should be doing terribly.
But anyone who has paid attention to global stock markets for the past five years knows that this is not the case. Economic growth has been anemic yet many stocks have performed remarkably well, doubling or more in some global markets…
