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The Magnificent 7 versus the other 493 S&P 500 companies: What’s the better investment? + MORE Oct 1st
The tech sector, driven by some of the world’s largest companies—Apple, Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla, also known as the Magnificent 7—has fuelled the markets for about two years now. And this isn’t likely to change any time soon, even if those companies (and the sector.... More »
How is investment income taxed in Canada? Jul 3rd
Ask MoneySense
I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying?
My financial advisor is not very helpful.
–Louise
There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »
It’s never too late – 6 simple ways to get your financial act together + MORE Sep 4th
Save, invest, prosper with My Own Advisor.
It’s never too late – 6 simple ways to get your financial act together Long time readers of this blog know that we try and do a few things really well when it comes to money management (instead of trying to be the perfect saver or investor). That’s .... More »
This 33-year-old analyst makes $100,000 a year including bonus. She paid off her student loans and wants to buy a home. Is now the right time? + MORE Jul 20th
Like many millennials, Anna’s main long-term goal is to save up for a down payment. Now, because of the pandemic, she’s looking to buy sooner than later because of the real estate market..... More »
Investment firms fear tech companies getting into their business Dec 16th
What if Amazon distributed financial products or offered its own advice? What if Google bought its own money manager?.... More »
Sweden backs sale of German coal mines to Czech group
– canadianbusiness.com
COPENHAGEN – Sweden’s Social Democratic government said Saturday it is endorsing the sale of state-owned Vattenfall AB’s four coal mines and mining assets in Germany to Czech investors, sparking harsh reactions from environmentalists.
“The deal is of strategic importance for the company and that it is financially best option,” Enterprise and Innovation Minister Mikael Damberg said. “The value of selling is higher than to keep and continue operating the business.”
He didn’t disclose details about the price.
Climate minister Isabella Lovin of Sweden’s Environment Party told a joint news conference the government “had thoroughly investigated the deal but didn’t find any formal reasons to reject it.”
In April, Czech energy company Energeticky a prumyslovy holding, or EPH, signed an agreement to acquire the Swedish state-owned utility’s loss-making assets in Germany. EPH made the bid together with PPF Investments, a private equity group…
“The deal is of strategic importance for the company and that it is financially best option,” Enterprise and Innovation Minister Mikael Damberg said. “The value of selling is higher than to keep and continue operating the business.”
He didn’t disclose details about the price.
Climate minister Isabella Lovin of Sweden’s Environment Party told a joint news conference the government “had thoroughly investigated the deal but didn’t find any formal reasons to reject it.”
In April, Czech energy company Energeticky a prumyslovy holding, or EPH, signed an agreement to acquire the Swedish state-owned utility’s loss-making assets in Germany. EPH made the bid together with PPF Investments, a private equity group…
