Home / Retirement / Making sense of the markets this week: November 5, 2023 Nov 9th

Making sense of the markets this week: November 5, 2023 Nov 9th

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Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th

Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other. The first can be regarded .... More »
canada pension plan

RRIF and LIF withdrawal rates: Everything you need to know Mar 7th

At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your account is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either withdraw t.... More »
pension

Best cash-alternative ETFs for Canadian investors 2026 + MORE May 2nd

If the only investment account you have is a registered retirement savings plan (RRSP), you probably don’t need to concern yourself with cash or cash-equivalent holdings. But let’s say you’re in the market for your first home and you’re saving up a down payment. You can’t afford to lose mo.... More »
retirement savings

How to plan for retirement when you have no pension + MORE Sep 13th

In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement. That’s no longer the case. Just 38% of paid work.... More »
retirement savings

Retirement Income for Life: Why Canadian retirees love Frederick Vettese’s books and his PERC + MORE Feb 22nd

Since I turn 71 soon, my attention is naturally becoming focussed on the inevitable question of what to do when my registered retirement savings plan (RRSP) must be collapsed. Do I keep it as a registered retirement income fund (RRIF)? Or should I convert it into an annuity? Maybe I do a combination.... More »
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Apple earnings are solid if not spectacular

When a company makes a habit of achieving record-breaking growth, it can be hard to give proper context to earnings reports. (All earnings figures in the first two sections are in U.S. currency.)

On Thursday, Apple (APPL/NASDAQ) released its quarterly earnings numbers. 

Earnings per share came in at $1.46 (versus $1.39 predicted) and total revenues were $89.5 billion (versus $89.28 billion predicted).

Despite slightly beating expectations, shares were down 3% in after-market trading as the market seems to hold Apple to a higher standard.

It can be hard to visualize just how massive this company is at times. 

Apple performance highlights
Here are a few Apple facts for you:

Apple has more than $162 billion on hand in cash. That means they generate around $5 billion per year in interest income alone—or roughly the same as the entire annual profits of CN Rail, which is one of Canada’s biggest companies…

Continue Reading On moneysense.ca »

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