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The Canadian mortgage stress test, explained Jul 18th
The Canadian mortgage stress test applies to anyone applying for a mortgage, refinancing their current home loan, or renegotiating the terms of their mortgage contract with a federally regulated lender. And while provincially regulated lenders have more flexibility when it comes to mortgage app.... More »
Mission: Impossible – Dead Reckoning Part One box office earnings top $16 million Wednesday - JoBlo.com Jul 13th
Mission: Impossible – Dead Reckoning Part One box office earnings top $16 million Wednesday JoBlo.comReview: Mission: Impossible – Dead Reckoning Part One starring Tom Cruise encompasses the best and worst of th LaineyGossipThe Tao of Tom Cruise, our last action hero &.... More »
What Must You Consider Before Adopting the Perfect Trading Strategy + MORE Jan 27th
Any financial instrument traded in any market will present two requirements that investors must follow if they hope to take profits: proper money management and a reasonable trading strategy. In the case of forex trading, finding a comfortable trading strategy is a matter of researching, testing and.... More »
Making sense of the markets this week: January 8, 2023 + MORE Jan 6th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A W.... More »
Ford hires 400 for Canadian connected car research + MORE Mar 30th
Ford Motor Co. will hire approximately 400 employees from embattled communications company BlackBerry Ltd. as part of sizable new investments in Canada that include a connected-vehicle research centre in Ottawa, the smartphone maker said Thursday.
Ford said the Ottawa research centre is part of a $5.... More »
The One-Page Financial Plan Book Review and Giveaway
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Feeling tormented by your finances? Read this book folks.
“The fact is, in a single page you can prioritize what you really want in life and figure out how to get there.”– Carl Richards, author, The One-Page Financial Plan.
I liked Carl’s book for many reasons and today’s blogpost will share some of my favourite quotes, takeaways and provide you with an overview of what you’ll read about in The One-Page Financial Plan. After a few hundred words I’ll give you a chance to win a copy of this book, autographed by the author.
“One thing you won’t find in this book is a silver bullet investment strategy.”
I think we should hear this more from the investment industry and those that write about it. Experts arguing over dividend investing versus indexing versus value investing and so it goes on. It’s really not that important. This is because there is no perfect portfolio for everyone although there are some good financial rules of thumb to follow: pay yourself first and often, diversify, keep your investment costs low and stay invested for the long-run…
Feeling tormented by your finances? Read this book folks.
“The fact is, in a single page you can prioritize what you really want in life and figure out how to get there.”– Carl Richards, author, The One-Page Financial Plan.
I liked Carl’s book for many reasons and today’s blogpost will share some of my favourite quotes, takeaways and provide you with an overview of what you’ll read about in The One-Page Financial Plan. After a few hundred words I’ll give you a chance to win a copy of this book, autographed by the author.
“One thing you won’t find in this book is a silver bullet investment strategy.”
I think we should hear this more from the investment industry and those that write about it. Experts arguing over dividend investing versus indexing versus value investing and so it goes on. It’s really not that important. This is because there is no perfect portfolio for everyone although there are some good financial rules of thumb to follow: pay yourself first and often, diversify, keep your investment costs low and stay invested for the long-run…
Judges make decision on fate of remaining $7.3 billion of Nortel assets – Montreal Gazette
– news.google.ca
Wall Street JournalJudges make decision on fate of remaining $7.3 billion of Nortel assetsMontreal GazetteTORONTO – The scraps of bankrupt Nortel Networks, once considered the powerhouse of Canada's tech sector, will be split between the various subsidiaries it once operated around the world, according to decisions released Tuesday. Documents filed with a …Judges decide fate of remaining $7.3B of Nortel assetsCTV Newsall 33 news articles »
The scraps of bankrupt Nortel Networks, once considered the powerhouse of Canada’s tech sector, will be split between the various subsidiaries it once operated around the world, according to decisions released Tuesday.
TheRedPin offers lower real estate fees, yet again
– moneysense.ca
Theredpin offers lower real estate fees (Getty Images / Llouis Real)Want to save $12,500 the next time you move? Then you’ll want to know about TheRedPin’s latest offer—the “One” program.
Launched about a month ago, the program enables homeowners a chance to significantly save on commissions if they sell and buy with theredpin.com. (The stipulation is that the sale and the new purchase have to be within 90 days of each other.)
This isn’t the first time TheRedPin has been in the news with it’s lower service costs when it comes to real estate transactions in the Greater Toronto Area.
To illustrate, let’s consider the sale of a $500,000 home and the purchase of a $600,000 home in Toronto. We’ll call our clients the Johnsons and they are making their move even as they expect their third child.
→ To sell their home with a traditional, full-service realtor the Johnson’s would have to pay 5% commission on the sale price, or $25,000. If they bought their new house with that same realtor, the Johnson’s wouldn’t have to pay their realtor anything as this transaction cost is borne by the new seller…
A B.C. auction house says it is selling off 250 pallets of remaining stock from a “national department store that recently closed all Canadian stores” in a huge one-day sale.
