How to go about securing the best return for your investment in Canada.
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How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th
Most of us leave our investment decision to brokers which also include the SIP investments that we make. The broker comes, tells you a few fund names that you should invest in, tells you the benefits of investing in the fund through sip investments and not lump sum investments and then lures you to .... More »
Making sense of the markets this week: December 4, 2022 + MORE Dec 3rd
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
What a week—the wrap
It’s rate-hike hiatus déjà-vu all over again. In a replay from my column last week, the U.S. Federal Reserve Chairperson Jerome Powell.... More »
North American markets plunge as Trump moves to impose China tariffs + MORE Mar 22nd
TORONTO _ North American markets closed down sharply as U.S. President Donald Trump stoked fears of rising protectionism by moving to impose tariffs on some Chinese goods.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 275.35 points to 15,399.93 in broad-based declines le.... More »
A Hedge Fund That Has a University + MORE Nov 14th
Taxing endowments’ investment income would help higher ed..... More »
CEO Suzanne West vows to pursue greener path after oil firm splits with backers + MORE Nov 25th
CALGARY _ One of the few female CEOs in the Canadian oilpatch says she is looking forward to creating a “clean hydrocarbons” company after she parted ways with the American financial backers of her oil and gas producing firm.
Suzanne West said Friday her company, Imaginea Energy Corp., h.... More »
The stomach of a dead Black Footed albatross chick filled with plastic consumed accidentally at the Midway Atoll Wildlife Refugee in Midway Island. (USFWS/Alamy Stock Photo)This month in book reviews: A town of murderers, a family of psychics, sailing through an ocean choked by garbage, a massive wine con and a philosophical murder mystery. Read more below and check out the rest of our book reviews.
JUNK RAFT
By Marcus Eriksen
Sixty-four days into their voyage from California to Hawaii on a raft made from plastic bottles, Marcus Eriksen and his friend Joel Paschal were in the middle of nowhere, running low on food. A mentor who had sailed the same route 50 years earlier advised them via satellite phone to drag a T-shirt through the surface of the Pacific to catch plankton. They tried—but what they caught was “more and more plastic.”
This happened back in 2008; the problem is now worse. Although the widely reported image of a humongous island of discarded plastic in the ocean turned out to be an exaggeration, the reality, as Eriksen depicts, is at once less monstrous and increasingly frightening…
How should I invest a $60,000 inheritance?
– moneysense.ca
Creative Commons/Quinn Dombrowski
Q I will be coming into $60,000 in the next month or so. I will use about $10,000 to pay down my line of credit (LOC) and credit card. I already have a TFSA account with lots of room to add more money. I also have a small investment account with my bank, which has earned $44 on the $600 I put into the account five years ago. I am not very versed on financial matters so, where would be the best place to put the extra money? TFSA? GICs? A bond fund? I am six years away from retiring, but I plan to work well past age 65. I have no RRSPs and want to be able to have access to this money so I can draw on it intermittently if I need it. Your guidance would be appreciated.
—Cheryl
A Investing a large sum of money can be a daunting decision so it is important to get advice. Let’s go over your options:
Before paying down debt it is always important to take a look at the pros and cons. Paying down a debt at an interest rate of 19% like a credit card is a debt you want to pay down…
Energy companies are focused on controlling what they can, as oil prices bump along the $50 US mark.
Home ownership transfer fees contribute more to Canada’s economy than agriculture, logging, fishing and hunting combined.
