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Reasons to consider early RRSP and RRIF withdrawals Oct 19th
Workers contribute to their registered retirement savings plans (RRSPs) during their working years, with the hope of paying a lower tax rate on withdrawals than the tax rate they save when contributing. Even if the tax rates are similar, there can be a benefit to the tax deferral and compounding of .... More »
Five secular trends you can tap now for winning stocks Oct 20th
From cybersecurity to pet care, by paying close attention to longer-term trends you can create a stock portfolio that is almost certain to outperform the broad market over time, Gordon Pape writes..... More »
Hollywood actor arrested in $227m ponzi scheme - Boing Boing Apr 7th
Hollywood actor arrested in $227m ponzi scheme Boing BoingHollywood actor accused of running $227M Ponzi scheme Toronto SunSEC accuses actor of US$690 million fraud based on fake Netflix deal BNNActor Arrested in Alleged $690 Million Investment Scheme Holl.... More »
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage - gizmochina Feb 24th
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage gizmochinaSony Finally Announces Next-Gen VR For PS5 KotakuSony Explains Why PS5 Stock Is So Hard To Find ForbesThe best free PS5 games Digital TrendsSemiconductor shortage m.... More »
3 bank stocks I plan to buy more of in 2018 + MORE Jan 17th
Save, invest, prosper with My Own Advisor.
3 bank stocks I plan to buy more of in 2018 The Bank of Canada has hinted more interest rate increases are coming in 2018, and that means opportunities to invest. Personally, I like bank stocks and the financial sector if rates rise. You see, historically.... More »
Transat profit beats forecasts; sees ‘satisfying’ fourth quarter
– theglobeandmail.com
Travel company posted adjusted earnings per share of 71 cents, compared with analysts estimates of 69 cents
Canadian insurance and financial services company Sun Life Financial Inc.says it has a deal to buy the employee benefits business of Assurant Inc. for $975 million US.
Best way to invest a large sum of money
– moneysense.ca
Moyra Thompson, 60, is retired and her $600,000 mortgage-free house is up for sale. “I want to sell before boomers flood the market with homes,” says Moyra, who receives $2,100 a month from two small pensions and will start collecting CPP at age 65. Right now, her $150,000 portfolio is invested in bank mutual funds with an overall management expense ratio (MER) of 1.9%, split evenly between fixed income and equities—but even with an additional $600,000 Moyra is concerned her money won’t last into her 90s. “I’ll need $15,000 net a year from my portfolio. I’m not sure the 50% fixed income and 50% equity split will give me that.”
Certified financial planner Chris Stephenson of Steadyhand Investment Funds in Vancouver says that if Moyra’s goal is to withdraw $15,000 annually from a $750,000 portfolio (an extraction rate of 2%), she’ll have no problems. In fact, this is easily achievable with her current asset mix of 50% stocks and 50% fixed income, and Stephenson sees no reason to change this…
Canadian yogawear retailer Lululemon Athletica Inc reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales, and the company raised its full-year revenue and earnings forecast.
Canadian yogawear retailer Lululemon Athletica Inc reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales, and the company raised its full-year revenue and earnings forecast.
