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Podcast 5: Master Class with the Millionaire Teacher + MORE Feb 8th
My newest podcast features an interview with Andrew Hallam, author of Millionaire Teacher, a compelling introduction to building wealth through smart saving and disciplined investing.
Andrew grew up in Canada, but he’s a citizen of the world. He spent several years as a teacher at the Singapore A.... More »
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Jan 8th
Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE WATCH LIVE: Fmr. Nissan CEO Carlos Ghosn holds a news conference after escape to Lebanon – 1/8/2020 CNBC TelevisionIran, Boeing 737, Carlos Ghosn: Your Wednesday Briefing The New York Ti.... More »
How to buy Fidelity ETFs in Canada Dec 14th
As an investor in Canada, chances are you’ve invested in, or thought about investing in, exchange-traded funds (ETFs). These pooled investments offer a blend of convenience and built-in diversification. When you buy shares of an ETF, you gain exposure to several company stocks at once. ETF shares .... More »
Renting vs. buying: Which is the better option? Aug 20th
The rent-versus-buy debate has long divided financial experts and aspiring home owners, with no clear winner in sight.
The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becom.... More »
Toronto real estate: 100,000 jobs at risk as new home sales drop to lowest level in 45 years Jan 22nd
The situation is “absolutely dire," according to a new report from the Building Industry and Land Development Association (BILD)..... More »
Learn, save, invest and prosper with My Own Advisor.Welcome to my latest Weekend Reading edition. I hope you had a good week…
Earlier this week I told you we reached a milestone when it comes to our emergency fund and I finally got around to deciding what to do with my old car. Let me know your thoughts about emergency funds or old cars in a comment below – always great to read other perspectives.
I hope you enjoy your May long weekend! We intend to
Best wishes,
Mark
Here is your cheap ticket to the elite class.
Million Dollar Journey profiled a Smiling Saver.
Here are 13 strategies to retire early, from people who did it.
Michael James on Money pondered what might happen to our Canadian dollar.
Dividend Growth Investor highlighted what can we learn from Exxon stock performance.
This is how high net worth investor Som Seif invests.
InsurEye breaks down Canadian insurance companies – who owns whom.
Tawcan wondered if you’re focusing on the wrong things.
Here are 8 things I’ve discovered about money…
Ex-wife’s lawsuit against billionaire Steven Cohen dismissed
– canadianbusiness.com
NEW YORK, N.Y. – A judge has dismissed a lawsuit filed by the ex-wife of billionaire hedge fund manager Steven Cohen that had alleged he lied about his worth to cheat her out of millions of dollars during their divorce decades ago.
The judge said Patricia Cohen had failed to prove her claim that her former husband and his brother, his accountant at the time, had understated the value of a real estate transaction during their divorce, which was finalized in 1990. Patricia Cohen had alleged that her husband hid more than $5 million from the 1986 real estate deal.
U.S. District Court Chief Judge Loretta Preska, in Manhattan, said that there was no evidence Steven Cohen had hidden any assets and that the statute of limitations for Patricia Cohen’s claims had expired because the claim would’ve needed to be filed within six years from the date a fraud occurred or two years from when she found out about it.
Steven Cohen, who lives on a sprawling estate in Greenwich, Connecticut, is one of the highest-profile figures in American finance and one of the country’s richest men…
The judge said Patricia Cohen had failed to prove her claim that her former husband and his brother, his accountant at the time, had understated the value of a real estate transaction during their divorce, which was finalized in 1990. Patricia Cohen had alleged that her husband hid more than $5 million from the 1986 real estate deal.
U.S. District Court Chief Judge Loretta Preska, in Manhattan, said that there was no evidence Steven Cohen had hidden any assets and that the statute of limitations for Patricia Cohen’s claims had expired because the claim would’ve needed to be filed within six years from the date a fraud occurred or two years from when she found out about it.
Steven Cohen, who lives on a sprawling estate in Greenwich, Connecticut, is one of the highest-profile figures in American finance and one of the country’s richest men…
Wal-Mart bucks a downward trend in retail; Verizon slips
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday:
Wal-Mart Stores Inc., up $6.05 to $69.20
The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.
Salesforce.com Inc., up $3.22 to $81.09
The company reported earnings and revenue that were better than analysts were expecting.
Verizon Communications Inc., down 76 cents to $49.63
Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.
American Eagle Outfitters Inc., up $2.45 to $15.84
The apparel maker reported sales and earnings that were well ahead of analysts’ forecasts.
FMC Technologies Inc., down $1.35 to $27.30
The company said it would attempt to combine with Technip to create a large player in the energy-services sector.
L Brands Inc., down $3.16 to $60.62
The company, which owns Victoria’s Secret, lowered its full-year earnings estimate.
Stage Stores Inc., down $1…
Wal-Mart Stores Inc., up $6.05 to $69.20
The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.
Salesforce.com Inc., up $3.22 to $81.09
The company reported earnings and revenue that were better than analysts were expecting.
Verizon Communications Inc., down 76 cents to $49.63
Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.
American Eagle Outfitters Inc., up $2.45 to $15.84
The apparel maker reported sales and earnings that were well ahead of analysts’ forecasts.
FMC Technologies Inc., down $1.35 to $27.30
The company said it would attempt to combine with Technip to create a large player in the energy-services sector.
L Brands Inc., down $3.16 to $60.62
The company, which owns Victoria’s Secret, lowered its full-year earnings estimate.
Stage Stores Inc., down $1…
CIBC releases iPhone app to apply for a mortgage
– moneysense.ca
(CNW Group/CIBC)If you’re not a fan of heading to your bank branch to apply for a mortgage, CIBC has got a solution for you: just tap your iPhone.
CIBC’s new Hello Home app, available in the App Store, allows you to apply for a mortgage without ever meeting another human being. You’ll still need to submit the usual financial documents, of course, but this can be done by taking a photo of them through the app. When you have a question or problem, you can use the in-app messaging function to talk to a mortgage specialist. All of this, CIBC reassures, is secure.
Understanding how mortgage payments work »
Users will be offered “special in-app mortgage rates” and you don’t need to be a CIBC customer to apply.
CIBC’s mortgage app will certainly eliminate the time it takes to visit a bank branch and fill out paperwork, but Hello Home won’t actually speed up your mortgage approval process. That approval will still take about a week (sometimes longer) and, according to CIBC’s FAQ page for Hello Home, still goes through the same verification checks as a regular CIBC mortgage application process…
Former Brazil energy minister new CEO at troubled Petrobras
– canadianbusiness.com
RIO DE JANEIRO – Former Brazilian energy minister Pedro Parente has been named by acting President Michel Temer as the new CEO of state-run oil giant Petrobras.
Parente was picked Thursday to replace Aldemir Bendine, an appointee of now suspended President Dilma Rousseff. The new Petrobras CEO was working as chairman of Sao Paulo-based financial bourse BM&FBovespa.
Parente served in a number of positions under President Fernando Henrique Cardoso. He is widely known to Brazilians as the “blackout minister,” due to his efforts during energy rationing in 2001. He has worked for private organizations since Rousseff’s Workers’ Party first won the presidency in 2003.
Petrobras is the epicenter of a sprawling corruption scandal that has rocked Brazilian politics and economy since 2014. Parente is the company’s third CEO in less than 16 months.
The post Former Brazil energy minister new CEO at troubled Petrobras appeared first on Canadian Business – Your Source For Business News.
Parente was picked Thursday to replace Aldemir Bendine, an appointee of now suspended President Dilma Rousseff. The new Petrobras CEO was working as chairman of Sao Paulo-based financial bourse BM&FBovespa.
Parente served in a number of positions under President Fernando Henrique Cardoso. He is widely known to Brazilians as the “blackout minister,” due to his efforts during energy rationing in 2001. He has worked for private organizations since Rousseff’s Workers’ Party first won the presidency in 2003.
Petrobras is the epicenter of a sprawling corruption scandal that has rocked Brazilian politics and economy since 2014. Parente is the company’s third CEO in less than 16 months.
The post Former Brazil energy minister new CEO at troubled Petrobras appeared first on Canadian Business – Your Source For Business News.
