Using The Wealth Formula to boost investment success + MORE Jan 8th

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Why BlackBerry (TSX:BB) Stock Just Soared 40% - The Motley Fool Canada + MORE Jan 26th

Why BlackBerry (TSX:BB) Stock Just Soared 40%  The Motley Fool CanadaWhy BlackBerry's stock has been skyrocketing  Yahoo Canada FinanceInvestor exuberance pushes BlackBerry share price to 9 year high — for no rational reason  CBC.caBlackBerry Comments on Trading Activ.... More »

When are tax-deferred and tax-free accounts actually taxable? Feb 3rd

Q. I saw your blog online; thank you so much for the wonderful job that you are doing—it was very informative! That motivated me to start investing too, but now I have a couple of questions. I understand that there is tax on US dividends in TFSA, do we pay tax as well when we sell: U.S. stocks in.... More »

Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people - The Guardian + MORE Jan 27th

Backlash grows for ‘selfish millionaire’ who got vaccine meant for Indigenous people  The GuardianBusiness exec and his wife charged after flying into remote Canadian town to get Covid-19 vaccine, officials say  CNNB.C. couple accused of flying to Yukon to get vaccinated must.... More »

Toronto Stock Exchange launches world's first Bitcoin ETF - CBC News: The National Feb 20th

Toronto Stock Exchange launches world's first Bitcoin ETF  CBC News: The NationalNorth America's second bitcoin ETF launches in Canada today  Yahoo Canada FinanceThe 1st Bitcoin ETF Launches: Should You Buy Today?  The Motley Fool Canada17:00 ET Purpose Investments Virt.... More »

Joe Biden planning to cancel Keystone XL permit on Day 1: transition documents - National Post + MORE Jan 18th

Joe Biden planning to cancel Keystone XL permit on Day 1: transition documents  National PostBiden indicates plans to cancel Keystone XL pipeline permit on 1st day in office, sources confirm  CBC.caBiden plans to block Keystone XL pipeline with day 1 order, documents show &n.... More »
Making sense of the markets: a look back at 2020  Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. 
2020 hindsight
We were all more than eager to put 2020 in the rearview mirror. It was a year that played out as part pandemic horror movie, and part political thriller with the contested U.S. election that refused to offer “The End.” 
And just when you thought that things could not get any “curiouser,” along comes 2021 and the President Trump supporters who stormed (and briefly took over) the Capitol Building in Washington, DC, on Jan. 6, the day Congress confirmed the 2020 presidential and vice-presidential election. 
How did the stock markets respond? They were back to their most impressive trick of 2020: shrugging off bad news. On Wednesday, the Dow Jones Industrial Average rose 437.8 points, or 1.44%, to 30,829.4; the S&P 500 gained 21.28 points, or 0.57%, to 3,748.14; and the Nasdaq Composite dropped 78.17 points, or 0.61%, to 12,740.79. The S&P/TSX Composite Index closed up 145…

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No financial professional predicted the wild ride that was 2020. At least, I haven’t seen anything from last January that spoke presciently of a pandemic that would shut down the global economy and sink markets by more than 35% over a four-week span, only to have stocks end the year off in the black. (The S&P/TSX Composite Index climbed by 2%, while the S&P 500 was up 16%.) 
So, while it’s impossible to predict what might happen in 2021, we’re still going to give it a try. Over the last few weeks, I asked four Canadian investment professionals for their thoughts on the year ahead.
Chris Heakes, vice-president and portfolio manager, Global Structured Investments at BMO Asset Management
We are cautiously optimistic for 2021. With vaccines rolling out, and fiscal and monetary stimulus continuing to be in place in developed markets, we think there is the possibility of 2021 being much better from an economic and recovery point of view. Overall, we’d continue to advocate for high-quality equities as higher-quality companies are better suited to navigating a challenging backdrop…

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Using The Wealth Formula to boost investment successFor many Canadians, learning investment basics can lead to smarter choices and, ultimately, a better retirement. A good starting point is understanding the fundamental elements that determine investment success or failure. These elements can be summed up in a simple equation I call “The Wealth Formula.”
Six powerful forces will determine the sum of your future wealth: three “Wealth Builders” and three “Wealth Killers.” Their impact will pull you and your money in different directions—often at the same time—working either to grow or shrink your wealth. Small variations in any one of these opposing forces can have an enormous influence on your ultimate results.
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Wealth Builders
All else being equal, the more money you save and invest, the more you end up with…right? Of course. Saving and investing more today, and regularly over time, means more wealth, perhaps significantly more wealth, in the future. But while that may be obvious, it isn’t easy…

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