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Weekend Reading – Can’t call it quits, Podcasts, Rob Ford antics and more + MORE Nov 8th
In support of Financial Literacy Month #FLM2013 I posted two articles recently:
Some name changes required for a few Canadian financial accounts, and
Tax Deferred Investing 101 courtesy of RRSPs.
More 101 articles are on the way, including my take on credit.
By now, you (and the rest of the world) h.... More »
The best dividend stocks in Canada 2024 + MORE Oct 9th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Best Dividends in Canada Table of Contents
Top .... More »
Strong stock markets continue to lift pension plans + MORE Mar 31st
The survey of more than 275 plans found a median solvency funded ratio of 95.4 per cent at March 27, up two percentage points last year and 21 points higher than a year ago..... More »
This Montreal millennial couple makes $316,000 combined. Monthly child care costs? $203. With an excess in savings, they want to have their second kid. What advice can they get? + MORE Feb 1st
Parents in southern Ontario may think Tommy and Victoria’s $203 monthly daycare budget is a typo, but child-care costs in Quebec are heavily subsidized by the provincial government, Jason Heath, Millennial Money financial adviser writes..... More »
Amid deep cuts, Quebec mulls pay hikes for provincial politicians + MORE Dec 27th
Jacques Boissinot/CP
MONTREAL — The Quebec government is considering a bill that could see members of the legislature get a substantial increase in their base salary and make them the country’s best-paid provincial politicians.
The proposal is essentially the result of recommendations in a r.... More »
World stocks fluctuate as uncertainty over Fed stimulus phase-out continues to rattle markets
– macleans.ca
BANGKOK – World stock markets fluctuated Monday, weighed down by uncertainty over whether a…
World stocks fluctuate as uncertainty over Fed stimulus phase-out continues to rattle markets
– canadianbusiness.com
BANGKOK – World stock markets fluctuated Monday, weighed down by uncertainty over whether a phaseout of the Federal Reserve’s monetary stimulus program is imminent.
In early European trading, Germany’s DAX fell 0.3 per cent to 8,391.48. France’s CAC-40 lost 0.7 per cent to 4,040.91. Markets in Britain were closed for a holiday. Wall Street also looked set for losses, with Dow Jones industrial futures falling 0.1 per cent to 14,970. S&P 500 futures lost 0.1 per cent to 1,659.80.
Data released Friday that showed a drop in new home sales raised questions about the strength of the recovery in the U.S. housing market, a key piece of the overall economy. That led to speculation that the Fed might stick with its current monetary stimulus or only reduce it very gradually.
The Fed has been mopping up government bonds and securities to the tune of $85 billion a month. That has held down long-term interest rates and made more money available for lending.
Recent data pointing toward an improved economy has led to speculation that the Fed would begin phasing out the program as early as next month…
In early European trading, Germany’s DAX fell 0.3 per cent to 8,391.48. France’s CAC-40 lost 0.7 per cent to 4,040.91. Markets in Britain were closed for a holiday. Wall Street also looked set for losses, with Dow Jones industrial futures falling 0.1 per cent to 14,970. S&P 500 futures lost 0.1 per cent to 1,659.80.
Data released Friday that showed a drop in new home sales raised questions about the strength of the recovery in the U.S. housing market, a key piece of the overall economy. That led to speculation that the Fed might stick with its current monetary stimulus or only reduce it very gradually.
The Fed has been mopping up government bonds and securities to the tune of $85 billion a month. That has held down long-term interest rates and made more money available for lending.
Recent data pointing toward an improved economy has led to speculation that the Fed would begin phasing out the program as early as next month…
New Trade: Long Facebook ($FB) & Short Rackspace Hosting (RAX)
– IntelligentSpeculator.net
It was another good for my long & short trades with a few different things happening including the very nice rise in Microsoft (MSFT) on Friday when CEO Steve Ballmer announced he would resign within 12 months. Not sure how it feels when a stock jumps huge when you announce that you’re leaving but as someone with a long position, I was thrilled. Last week, I was a bit late updating my positions and ended up noticing that I was long Priceline (PCLN) in 2 separate trades. I’m closing out one of them today which is my most profitable live trade.Long Priceline (PCLN) & Short AOL (AOL) currently stands at +31,97% and will be closed on today’s opening.
In its place, I will open a new trade, my last one of this year. I’ve explained in the past why opening new long & short trades near year-end made little sense to me and I’m sticking to that. So today will be my 24th and final long & short trade of 2013. I’ll have more than enough time to review how they’ve done but in the meantime let’s get to today’s trade:
Today I’m trading two tech stocks that have comparable stock prices and earnings per share…
Notable & Quotable
– online.wsj.com
Dan Ikenson writes that a hostile climate is driving business investment away from the United States.
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
