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Making sense of the markets this week: April 2, 2023 Mar 31st
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Freeland fires again at Canadian Banks
There are several big-picture looks at the important aspects of the Canadian federal budget .... More »
The best low-interest credit cards in Canada for 2024 + MORE May 29th
Credit card interest rates aren’t all the same. If you carry a balance on your credit card, or if you expect to take on debt that will take some time to pay off, you might want to consider applying for a low-interest credit card.
The savings could be substantial: while most regular credit card.... More »
Do you have to split your estate evenly between your children? Aug 23rd
A will is intended to outline your final wishes. But, sometimes an estate can be contested, and the courts can overturn the terms of a will and distribute the assets differently.
A good example is that of Pascuzzi v. Pascuzzi, a case recently heard by the Supreme Court of British Columbia. .... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Brexit white paper seeks free movement for skilled workers and students - The Guardian + MORE Jul 12th
The GuardianBrexit white paper seeks free movement for skilled workers and studentsThe GuardianBusinesses should be able to move “their talented people” from the UK to the European Union – and vice versa – after Brexit, according to the government's strategy white paper, which was publi.... More »
How do I decide between mutual funds and ETFs?
– moneysense.ca
Q. My husband and I currently have RRSPs at our bank, with the money invested in mutual funds. We have been contributing bi-weekly for about two years to save for retirement and to receive a tax deduction. Would it be smarter for us to invest in ETFs instead of mutual funds? Would we still receive the same tax break and use the funds for retirement?
— Lesley
A. Choosing the right investment products is important, but sometimes the “mutual funds vs. ETFs” debate misses the larger point. It often overlaps with other more important decisions, such as your strategy, how much you’re paying, and whether you need an advisor or are willing and able to manage your own portfolio. Lesley, before we consider whether ETFs are right for you and your husband, let’s consider these issues.
The first step is to understand whether your mutual funds are appropriate for your situation. Do they have the right balance of stocks and bonds, or are they too risky or too conservative? Are they well diversified or narrowly focused? Do they carry reasonable management fees or are you among the many Canadians paying more than 2%?
Now consider the level of service you are getting from the bank that holds your RRSPs…
Co-working firm to open shop in retail space
– theglobeandmail.com
WeWork’s takeover of a Manhattan department store exemplifies how shared offices have moved into prime real estate from the fringes. It also announces an emerging group of players in the commercial real estate market
The fallacy of a “stock-picker’s market”
– moneysense.ca
Investors might find this hard to believe, but there is no such thing as a “stock-picker’s market.” When one stocker-picker “wins,” the investor on the other side of the trade “loses” by an identical amount. It’s a basic concept that many in the financial services sector have trouble grasping, so let me put it in terms terms that are easy to understand.
Let’s say there are eight buddies who play poker every Friday night. At the start of the game, each player brings $100 to the table and they play until someone wins it all. At the end of the night, has any wealth been created? Obviously not. The participants entered with a collective $800 and left with a collective $800, the only difference is seven players walk away with nothing. Trading securities works the same way. It does not create wealth, it merely re-distributes it.
In spite of this, one of the phrases I hear often is that we are in a “stock-picker’s market.” There’s simply no polite way to say this: it’s impossible…
Let’s say there are eight buddies who play poker every Friday night. At the start of the game, each player brings $100 to the table and they play until someone wins it all. At the end of the night, has any wealth been created? Obviously not. The participants entered with a collective $800 and left with a collective $800, the only difference is seven players walk away with nothing. Trading securities works the same way. It does not create wealth, it merely re-distributes it.
In spite of this, one of the phrases I hear often is that we are in a “stock-picker’s market.” There’s simply no polite way to say this: it’s impossible…
