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Pros & Cons of a Jumbo Reverse Mortgage Aug 28th
To analyze the pros and cons of a jumbo reverse mortgage, we contrast jumbo with the traditional FHA. Unless you compare, you won’t be able to say why and how something is good or problematic.
Same way, whenever we think for jumbo, we try to understand the advantages and the drawbacks. This is par.... More »
What’s Russell Peters doing now? Investing, and it’s a laugh + MORE Jul 15th
Money is no joke—or is it? For Brampton, Ont., native and celebrated comedian Russell Peters, money is as funny as it is serious because, well, everything is funny through his perspective (iykyk). He’s very into real estate (the stand-up comic loves collecting houses) and has recently bought two.... More »
Fallout from Trump-Musk Feud Comes Into Focus - WSJ + MORE Jun 6th
Fallout from Trump-Musk Feud Comes Into Focus WSJHow Trump and Musk are still linked - despite falling out BBC‘Mutually assured destruction’: Trump’s and Musk’s quiet day is less détente than Cold War PoliticoElon Musk’s Feud With Trump Spurs One of His Wo.... More »
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns - Firstpost Jun 25th
Apple rejected Meta’s proposal to use Llama AI for iPhones over security concerns FirstpostWill Meta Help Power Apple Intelligence? Meta Stock Gains After Report Investor's Business DailyExclusive | Apple, Meta Have Discussed an AI Partnership The Wall Street Journ.... More »
The right way to sell stocks during COVID-19 + MORE May 15th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
How much do children cost? The 'mommy tax' for women lasts at least 5 years, Royal Bank says
– cbc.ca
Having children comes at a “significant” cost for a woman’s career, according to a recent report from the Royal Bank of Canada, which says women lose earnings for up to five years after giving birth.
Investors getting burned by falling rates
– moneysense.ca
Like many investors, Norman Levine was sure that interest rates were going to rise. He was so sure that he bought a number of rate-reset preferred shares, which are shares that reset their dividend every five years. If rates rise, those payouts climb. If not, they fall. Unfortunately, for Levine – and the many other investors who adjusted their portfolios thinking that rates were on a steady climb higher – long-term interest rates have fallen, while short-term rates may not be moving much this year either. “Our preferreds got clobbered,” says Levine, a managing director at Toronto’s Portfolio Management Corporation.
Over the last year or so, portfolio managers, economists and journalists like me, have been talking about how interest rates are going to rise and the destruction that would cause in rate sensitive sectors, such as utilities, real estate investment trusts and telecoms. While we were right at first – between January 2 and October 1, 2018, the 10-year U.S. Treasury yield climbed by 33%, while the S&P/TSX Capped Utilities Index fell by 11…
Over the last year or so, portfolio managers, economists and journalists like me, have been talking about how interest rates are going to rise and the destruction that would cause in rate sensitive sectors, such as utilities, real estate investment trusts and telecoms. While we were right at first – between January 2 and October 1, 2018, the 10-year U.S. Treasury yield climbed by 33%, while the S&P/TSX Capped Utilities Index fell by 11…
