How to go about securing the best return for your investment in Canada.
Latest News
TD caps big bank earnings with 17% rise in profits to almost $2.8B + MORE Aug 31st
Toronto-Dominion Bank is reporting a $2.77-billion profit for its third-quarter, up 17 per cent from the same period last year..... More »
How to keep your holiday spending in check Nov 29th
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
Gov. Christie says he’s not worried about advocacy groups’ lawsuit over travel security costs Aug 23rd
TRENTON, N.J. – New Jersey Gov. Chris Christie is not worried about a lawsuit filed against him by three left-leaning advocacy groups.
Speaking Saturday at the Iowa State Fair, Christie said the groups have repeatedly sued him. The latest litigation “is just another of the pile of garbag.... More »
London Calling: Another North American Pension Heads to the UK + MORE Sep 11th
The $112 billion Public Sector Pension Investment Board has become the latest Canadian pension fund to open a European office in London, appointing a former Permira deal maker to spearhead its private equity efforts in the region..... More »
Royal Bank hikes dividend 6% after record profit + MORE Aug 22nd
Canada's largest bank is hiking its dividend for common shares by six per cent after reporting a record third-quarter profit that beat analyst estimates..... More »
Passive Income Update – November 2013
– IntelligentSpeculator.net
The reason I post this monthly update is both to keep myself accountable but also have a more public discussion about my plans and how I can become financially independent as quickly as possible.With both sides of the US government acting like complete fools these days, more than ever I feel like being financially independent is critical, don’t you? So here is how I went about this whole process:
For example, if my base salary is currently 100K, my objective is to make 100K of passive income on an annual basis. This could be done through a variety of methods which I will be exploring of course. A few people tried to figure out how much capital I have by looking at the USDP size. The main issue is that the USDP is only part of my dividend income. I also get income from my ETF holdings, etc.
My primary objective remains to generate 100K in passive income on an annual basis as soon as possible, ideally from a few different sources.
November Updates
-The latest update of the USDP was published 2 days ago
-I posted an updated post about the idea of buying real estate to rent it out on sites like AirBnB
How Much Do I Really Need?
I am aiming for an income of 100K or so, before taxes as a first goal…
Saudi prince Alwaleed bin Talal
– cbc.ca
Kingdom Holdings CEO on his investment style and reform in Saudi Arabia
5.5 year – 2.35%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2013-11-09. Click on the link above to get more details or apply online.
Lawmakers back flood insurance changes in spite of worries about premiums and home values
– canadianbusiness.com
WASHINGTON – Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill.
The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to put the flood insurance program on sounder financial footing even as the implementation of the law has sparked a chorus of complaints from constituents fearing spikes in premiums and plummeting home values.
In the Senate, attempts to call a quick floor vote on legislation to delay the changes in the program — designed to force higher premiums on properties especially at risk of flooding — appear to face opposition from both Democrats and Republicans.
Sen. Mary Landrieu, D-La., wants to add the measure to an unrelated defence policy bill, but Majority Leader Harry Reid, D-Nev., is restricting the ability of senators to offer unrelated amendments. Meanwhile, Republicans are unlikely to allow a vote that could give Landrieu, who faces a tough re-election bid next year, the chance to claim political credit…
The leaders of the House Financial Services Committee say they are standing behind last year’s bipartisan legislation to put the flood insurance program on sounder financial footing even as the implementation of the law has sparked a chorus of complaints from constituents fearing spikes in premiums and plummeting home values.
In the Senate, attempts to call a quick floor vote on legislation to delay the changes in the program — designed to force higher premiums on properties especially at risk of flooding — appear to face opposition from both Democrats and Republicans.
Sen. Mary Landrieu, D-La., wants to add the measure to an unrelated defence policy bill, but Majority Leader Harry Reid, D-Nev., is restricting the ability of senators to offer unrelated amendments. Meanwhile, Republicans are unlikely to allow a vote that could give Landrieu, who faces a tough re-election bid next year, the chance to claim political credit…
Rogers drives enterprise sales with new data centre
– theglobeandmail.com
The company will invest $75-million in Edmonton, part of planned $700-million investment in the province
