5 Steps To Take To Jump-Start Your Financial Success

5 Steps To Take To Jump-Start Your Financial SuccessLacey Hamilton hopes to attend the 2018 Winter Olympics in Pyeongchang, South Korea to cheer on the Canadian athletes. To save for the trip, the 22-year-old Mississauga resident drops spare change and $5 bills into a 0.9-litre mason jar that she empties into a savings account when it becomes full. “I live on a cash diet as much as possible,” she says. “I find that’s the best way for me…

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2017 – An Investing Year of Few Certainties and Plenty of Potential Risk

2017 - An Investing Year of Few Certainties and Plenty of Potential RiskThe incoming leader of the world’s biggest economy has no experience running a government and appears to have a shaky grasp of geopolitics. He is intent on cosying up to Russia, has pledged to rip up trade deals, is prone to ill-timed Tweets and muses openly about boosting his country’s nuclear arsenal. The bloc that forms the world’s second-largest economic entity, meanwhile, is going through an existential crisis. One of…

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The TFSA Cap will Stay at $5,500 for 2017

The TFSA Cap will Stay at $5,500 for 2017The annual TFSA dollar limit will remain frozen at $5,500 for 2017 and, in fact, may be stuck at that level until at least 2019, as a result of years of low inflation and the unusual rounding mechanism built into the TFSA limit. This week, the Canada Revenue Agency announced the inflation rate — 1.4 per cent — that will be used to index various personal income tax and benefit…

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Why Even a Crystal Ball is No Guarantee

Why Even a Crystal Ball is No GuaranteeA great deal of investment analysts’ time is spent trying to predict the future. How will the new iPhone sell? How many new automobiles will be sold in Europe next year?  What will next week’s employment numbers look like? Who will win the next election? And what will the Fed do about interest rates in the coming quarters? These questions are important to these analysts not because of the answers…

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History Shows US elections Cause Drop in Canadian Stocks

History Shows US elections Cause Drop in Canadian StocksAny slump in Canadian stocks in the wake of the U.S. presidential election will be fleeting, history suggests. And while this isn’t any normal election, market strategists say the brighter outlook for energy outweighs rising qualms about the outcome. Canadian stocks tend to sell off on a change in the White House, regardless of the winner, with the S&P/TSX Composite Index tumbling in the aftermath of eight of the past…

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The 5 basic Rules to Avoid Investor Pain

The 5 basic Rules to Avoid Investor PainWe’ll try to round up some scary things in the market for our column in two weeks, just in time for Halloween. In the interim, let’s go back to some more basic investment rules and guidelines that all investors should pay attention to. There is never just ONE dividend cut When a company’s fortunes change enough to require a cut in the dividend, the board of directors — almost always…

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When Picking a Hedge Fund, Bigger isn’t Always Better

When Picking a Hedge Fund, Bigger isn’t Always BetterFor many years the question of whether the size of a hedge fund affects its returns has been hotly debated. Although there is ample evidence that a few legendary funds are able to manage billions of dollars and consistently deliver outsized returns to investors over the long term (especially on a risk-adjusted basis), there is mounting evidence that, at least in the world of hedge funds, smaller can be better….

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5 Things Investors Need to Worry About for the Rest of 2016

5 Things Investors Need to Worry About for the Rest of 2016We are generally very optimistic investors. And why not? We have, in 30 years of investing, seen nearly every crisis and market panic possible, and still markets are at record highs. We have no particular worries about current equity market conditions. However, that in no way means an investor should be complacent. We have not seen a major market correction in some time, and markets never go straight up. We…

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Why Canada’s Olympic Medalists Can’t Outrun the Taxman

Why Canada's Olympic Medalists Can't Outrun the TaxmanWhen Canada’s Olympic athletes returned home from Rio this week with a 22-medal haul, they were met at the airport by cheering family and friends as well as autograph-seeking fans. But some of them may also soon be greeted by the taxman looking for a piece of their Olympic winnings. In addition to the hardware the winning athletes brought home from the games, each Canadian medal winner will also receive…

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5 Lessons that will Help Protect Your Portfolio

5 Lessons that will Help Protect Your PortfolioOne of the fascinating things about the market is that, no matter how long you invest, or how much you think you know, there can always be new lessons learned. For a lot of investors, losing money — unfortunately — is often the cost of tuition for these market lessons. But, no investor is going to bat 1.000, and if you can at least learn from your mistakes then your…

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