For a child’s dreams, are parents going for gold, or broke? + MORE Aug 1st

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Sentry Investment’s CEO replaced after OSC investigation Jan 21st

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BANGKOK – Shares were higher Monday in Asia, as investors shrugged off disappointing growth data from the U.S. and lacklustre but better-than-expected manufacturing figures for China.
KEEPING SCORE: Japan’s Nikkei 225 stock index gained 0.4 per cent to 16,635.77 and Hong Kong’s Hang Seng index added 1.4 per cent to 22,195.23. South Korea’s Kospi gained 0.7 per cent to 2,029.59 and Australia’s A&P ASX/200 rose 0.5 per cent, to 5,587.40. The Shanghai Composite Index dropped 1.3 per cent to 2,942.38 and shares in Southeast Asia and Taiwan were higher.
WALL STREET: Stocks were mostly higher on Friday, helped by better-than-expected quarterly results from Google’s parent Alphabet and retailer Amazon and a modest recovery in oil prices. The Dow Jones industrial average lost 0.1 per cent to 18,432.24, the Standard & Poor’s 500 index rose 0.2 per cent to 2,173.60 and the Nasdaq composite added 0.1 per cent to 5,162.13.
CHINA MANUFACTURING: Two surveys show manufacturing activity in July was weak, but better than some forecasters had expected…

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The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son’s travel hockey team, Tim Richmeier was spending about $5,000 a season: using his tax refunds, halting contributions to his 401(k), and putting travel expenses on a credit card — including $6,000 he’s still paying off. Richmeier said it was a great experience for his child. But after four years, it was a financial relief when his son didn’t make the team.
“I was kind of dreading the upcoming season, knowing I’d go deeper in the hole,” said Richmeier, a single father in Phoenix.
Competitive youth sports in the U.S. are rising in popularity. The exclusive club and travel teams come with added coaching and intense competition, as well as much higher costs than a school or community team.
A survey released Monday by TD Ameritrade of 1,000 parents whose children are involved in such elite endeavours finds most pay between $100 and $499 a month…

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