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Making sense of the markets this week: March 3, 2024 + MORE Mar 1st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Making sense of the markets this week: May 19, 2024 + MORE May 17th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Inflation is down, so stocks go up
The correlation between lowering inflation rates and inflated stock prices conti.... More »
All TTC subway riders getting cellphone service starting Oct. 3, federal minister says - CBC.ca + MORE Sep 11th
All TTC subway riders getting cellphone service starting Oct. 3, federal minister says CBC.caToronto's Financial Workers Will Finally Be Able to Work on the Subway Financial PostRogers must give BCE, Telus access to wireless network on Toronto's subway system by Oct. 3, ministe.... More »
Here’s how you can clean up your financial house by decluttering your life Sep 27th
If you’re looking for renewed energy for the later portion of the year, writes personal finance columnist Lesley-Anne Scorgie, get rid of distractions in your life so you can keep your eye on the financial ball.... More »
How to cope with the RRSP-to-RRIF deadline in your early 70s + MORE Mar 21st
As I wrote in my previous column on Fred Vettese’s PERC, I’ve reached the age when my registered retirement savings plan (RRSP) will soon have to be converted to a registered retirement income fund (RRIF) and/or annuitized. I turn 71 in early April, which means I have until the end of December 2.... More »
Should investors worry about suspended guidance?
– moneysense.ca
If you’ve been paying attention to the companies in your portfolio over the last few weeks, you’ll have noticed that many of them have said something about “suspending guidance.” Rogers Communications is one of the more recent businesses to do just that, announcing on its April 22 first quarter earnings call: “All of these items [referring to the various economic impacts of COVID-19], as well as others that may arise, are difficult to estimate at this time, and as a result we are withdrawing our annual guidance that was originally provided in January.”
According to Barron’s, 106 companies on the S&P 500 have already suspended guidance, and it’s likely that number will rise as more companies report earnings over the next few weeks. (Read my previous column on what this quarter’s “earnings season” might look like.) Everything that has to do with this crisis is unprecedented, including having so many companies refuse to say what kind of earnings or revenues they expect to generate over the next several months…
According to Barron’s, 106 companies on the S&P 500 have already suspended guidance, and it’s likely that number will rise as more companies report earnings over the next few weeks. (Read my previous column on what this quarter’s “earnings season” might look like.) Everything that has to do with this crisis is unprecedented, including having so many companies refuse to say what kind of earnings or revenues they expect to generate over the next several months…
Why a prenuptial agreement is a good idea
– moneysense.ca
Q. I’m 34 years old and have been dating my girlfriend, who’s 10 years younger, for two years. I’m considering proposing marriage to her in the near future. We both have decent incomes, but due to our age gap and different family backgrounds, my net worth is significantly higher.
In case of a divorce, how would the following assets get divided in Ontario?
In case of a divorce, how would the following assets get divided in Ontario?
Stock portfolio currently worth $100,000
Condo acquired before marriage
50% ownership in a service business (assuming no salary or profit distribution during the marriage)
Future inheritance of a rental property with income, in Europe
Proceeds from the sale of a house in Europe (another future inheritance)
I would most likely get legal consultation to prepare a prenuptial agreement, but would greatly appreciate some initial advice on the asset division.
–Michael
A. Thanks for your question, Michael. In Ontario, a prenuptial agreement is the best way to protect premarital assets under any circumstances.
You mentioned a large gap in age between you and your partner, but have not said whether or not there were any previous marriages or children…
