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Active vs. passive: Why fees make a difference + MORE May 19th
The debate between active and passive investors can lead to confusion at times. It’s common to hear passive do-it-yourself (DIY) investors highlight the fact that most mutual funds lag the market. But it’s an argument that usually neglects a few salient points.
First, investing in an ind.... More »
Before the Bell: What every Canadian investor needs to know today - The Globe and Mail Jul 17th
Before the Bell: What every Canadian investor needs to know today The Globe and MailNorth American stock markets extend rally as investors bet on Trump OrilliaMattersTSX Today: What to Watch for in Stocks on Tuesday, July 16 The Motley Fool CanadaS&P/TSX composit.... More »
In a Slump? 4 Promotions Ideas to Bring in Restaurant Customers Oct 23rd
Being a restaurant owner or manager is currently one of the world’s most challenging jobs. A few months into the Coronavirus pandemic, most states imposed lockdowns and bans on sit-in dining were. As their customers stayed home, these establishments saw their revenues go into a steep decline.
.... More »
We did it – why we have a $10,000 emergency fund + MORE May 15th
Learn, save, invest and prosper with My Own Advisor.
A few years ago on this site, I wrote about stashing away a modest emergency fund. Here are my reasons for doing so which remain valid today:
It provides us with financial flexibility. When something goes wrong with my 12 year-old 16-year-old M.... More »
Contributing to your grandchild’s RESPs: What grandparents need to know + MORE Dec 1st
You’ve likely heard the saying “It takes a village to raise a child.” Well, with the cost of college and university tuition rising every year, it just might take a village to pay for post-secondary education, too. That’s where grandparents can help with registered education savings plans (RE.... More »
Business Highlights
– canadianbusiness.com
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Portuguese bank fears rekindle euro market tension
LISBON, Portugal (AP) — The spectre of Europe’s financial crisis is back to haunt investors.
Worries over the health of Portugal’s biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a flare-up in the market crisis Europe thought it had quelled.
Stocks and bonds fell worldwide while the price of gold rallied as traders sought it out as a safe investment.
The tensions centre on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal’s largest bank, Banco Espirito Santo. Espirito Santo International reportedly missed a debt payment this week and was cited for accounting irregularities — the sort of shenanigans that helped cause Europe’s debt crisis four years ago.
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Agriculture industry seeks to create right to farm
JEFFERSON CITY, Mo…
Portuguese bank fears rekindle euro market tension
LISBON, Portugal (AP) — The spectre of Europe’s financial crisis is back to haunt investors.
Worries over the health of Portugal’s biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a flare-up in the market crisis Europe thought it had quelled.
Stocks and bonds fell worldwide while the price of gold rallied as traders sought it out as a safe investment.
The tensions centre on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal’s largest bank, Banco Espirito Santo. Espirito Santo International reportedly missed a debt payment this week and was cited for accounting irregularities — the sort of shenanigans that helped cause Europe’s debt crisis four years ago.
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Agriculture industry seeks to create right to farm
JEFFERSON CITY, Mo…
Money market fund assets rise $5.37 billion to $2.58 trillion for the week
– canadianbusiness.com
Total U.S. money market mutual fund assets rose $5.37 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation’s retail money market mutual funds rose $1.78 billion to $894.66 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.13 billion to $708.11 billion. Tax-exempt retail fund assets rose $660 million to $186.55 billion.
Assets in institutional money market funds rose $3.58 billion to $1.68 trillion. Among institutional funds, taxable money market fund assets rose $4.37 billion to $1.6 trillion. Assets of tax-exempt funds decreased $780 million to $72.26 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Massachusetts. The seven-day compounded yield was flat at 0.01 per cent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0…
Assets in the nation’s retail money market mutual funds rose $1.78 billion to $894.66 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.13 billion to $708.11 billion. Tax-exempt retail fund assets rose $660 million to $186.55 billion.
Assets in institutional money market funds rose $3.58 billion to $1.68 trillion. Among institutional funds, taxable money market fund assets rose $4.37 billion to $1.6 trillion. Assets of tax-exempt funds decreased $780 million to $72.26 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Massachusetts. The seven-day compounded yield was flat at 0.01 per cent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0…
Why Canada isn’t immune to a U.S.-style housing crash
– macleans.ca
Skeletons of abandoned housing developments in California in 2009Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices falling as much as 30 per cent.
The report’s author, equity analyst Dan Werner, also takes aim at some of the more popular arguments on this side of the border for why Canada’s housing market is fundamentally different from the U.S. housing bubble. “Many investors believe that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now,” he writes. “History has shown, time and again, that ‘this time’ is not different. We believe the same is true for the future of Canadian residential real estate.”
Skeptical? Here are some of the myths Werner debunks for why Canada isn’t immune to a U.S.-style housing crash:
Myth: Canadian banks are better protected because, unlike the U…
Vancouver targets housing speculation
– theglobeandmail.com
Council to appoint a board for agency that will include community members experienced in real estate and non-profit housing
Weekend Reading – Borrowing to invest, rising house prices and more
– myownadvisor.ca
Welcome to another Weekend Reading edition! This week I provided a review about this book for 20-somethings and I shared my investing mistake to buy and hold TransAlta. I’ll hold the stock for now but for how long, who knows…
Oh, and just a reminder, you have a few more hours to enter this giveaway on my site.
Enjoy the articles that follow and have a great weekend.
A Financial Post article said there are times to borrow to invest, like now. I agree but ONLY if you have a healthy income surplus every month and very little debt. Otherwise, I feel this is a form of gambling since so many factors associated with leveraged investing are out of your control.
I read house prices will rise another 5% this year. I can’t imagine that will occur everywhere. Who on earth is buying all these homes at these prices anyhow?
Larry MacDonald profiled this investor who invests in companies people hate.
Dan Bortolotti encourages the bond bears to admit they were wrong.
Investing guru Rick Ferri said investing philosophy trumps all: “Have a sound investment philosophy before trying to create an investment strategy…
Oh, and just a reminder, you have a few more hours to enter this giveaway on my site.
Enjoy the articles that follow and have a great weekend.
A Financial Post article said there are times to borrow to invest, like now. I agree but ONLY if you have a healthy income surplus every month and very little debt. Otherwise, I feel this is a form of gambling since so many factors associated with leveraged investing are out of your control.
I read house prices will rise another 5% this year. I can’t imagine that will occur everywhere. Who on earth is buying all these homes at these prices anyhow?
Larry MacDonald profiled this investor who invests in companies people hate.
Dan Bortolotti encourages the bond bears to admit they were wrong.
Investing guru Rick Ferri said investing philosophy trumps all: “Have a sound investment philosophy before trying to create an investment strategy…
