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Elon Musk sells Tesla shares worth $6.9 billion - CNBC Television Aug 10th
Elon Musk sells Tesla shares worth $6.9 billion CNBC TelevisionElon Musk sells nearly $7B US in Tesla shares ahead of Twitter fight CBC NewsMusk Sells $6.9 Billion of Tesla Stock Bloomberg Markets and FinanceMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter T.... More »
The Gorpcore Fashion Trend Is Giving a Boost to the Outdoor-Apparel Market Nov 7th
The term “gorpcore” was coined in the mid-2010s to describe the type of utilitarian clothing worn by the “good old raisins and peanuts” (hence GORP) crowd—hikers, campers and the like. When celebrities like Hailey Bieber and Frank Ocean started wearing grip-sole shoes and multi-pocket pant.... More »
It’s ‘never too early, never too late’ to learn financial literacy, experts say + MORE May 9th
There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
It’s ‘never too early, never too late’ to learn financial literacy, experts say - thestar.comContinue Reading On thestar.com »
How a Government Worker Extorted .... More »
Corporate investments for retirees Feb 15th
I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP and OAS. I have $210K in my company that I need to take out. What is the best way to do this with minimal tax?
My accountant is working with me but really doesn’t think it’s the best strategy. He has a three-y.... More »
‘Sorry’: Brokerage chief at heart of GameStop saga apologises - Al Jazeera English Feb 19th
‘Sorry’: Brokerage chief at heart of GameStop saga apologises Al Jazeera English"I like the stock:" Keith Gill AKA "Roaring Kitty" defends GameStop posts before Congress Global NewsRobinhood CEO among those grilled by U.S. lawmakers over GameStop trading frenzy C.... More »
PlayStation Canada promises more PS5 stock by the end of the year MobileSyrup10 next-generation games to keep your PS5 or XSX humming this holiday Financial PostHere’s December 2020′s PlayStation Plus Games KotakuAnother PS5 system update is here which “improves system performance” GamesradarHow Sneaker Culture Predicted PS5 and Xbox Series X Scalpers IGNView Full coverage on Google News
Switching from mutual funds to ETFs
– moneysense.ca
Are you considering switching from mutual funds to Exchange Traded Funds (ETFs)? If so, you are not alone. Growing numbers of Canadians are making the move. This is evidenced by 2020 fund statistics published by The Investment Fund Institute of Canada, which show net redemptions of mutual funds during September, while net purchases of ETFs were $669 million for the month and $32 billion year-to-date.
Three factors are driving this shift in investor behaviour. First, there is growing awareness that high costs embedded in mutual funds can severely limit their long-term returns. For example, consider a mutual fund with a typical 2% management expense ratio (MER), which earns an average compound annual return of 6% before costs. Investors selling their fund after 30 years would keep less than half the fund’s pre-fee total return with the rest consumed by fees. In contrast, investors in an index ETF with a typical 0.20% MER with the same 6% pre-fee return over 30 years would retain over 90% of the total return (you can run your own scenarios on the T-Rex Score calculator)…
Three factors are driving this shift in investor behaviour. First, there is growing awareness that high costs embedded in mutual funds can severely limit their long-term returns. For example, consider a mutual fund with a typical 2% management expense ratio (MER), which earns an average compound annual return of 6% before costs. Investors selling their fund after 30 years would keep less than half the fund’s pre-fee total return with the rest consumed by fees. In contrast, investors in an index ETF with a typical 0.20% MER with the same 6% pre-fee return over 30 years would retain over 90% of the total return (you can run your own scenarios on the T-Rex Score calculator)…
