Owner: Multifold Dreams URL:www.multifoldreams.com Join Date: Thu, 11 Sep 2008 21:07:46 -0500 Rating:0 Site Description: Canadian blog for Personal Finance and Success Site statistics:Click here
Housing starts are up in August ... but only in Ontario 2008-09-10 22:26:00 While CMHC has reported yesterday that the housing starts in August
are up to 211,000 from 186,500 in July the picture is not so bright in all parts of the country. as the reports says
The seasonally adjusted annual rate of urban starts was down in every region except Ontario
where housing starts...
Read more:Housing
Are your richer than your parents? 2008-09-09 19:45:00 For sure I am. As a new immigrant - a little bit more than 2 years in Canada - I can say that I have much more than my parents at my age, but is this the true for you?
According to this article only 54% of the Canadians feel richer
than their parents at the same age. The survey also shows that we...
TSX down almost 500 pts 2008-09-09 19:11:00 Lead by the falling oil prices (finishing below $104 a barrel, 30% off the June's peak) TSX plunged almost 500 points and which is 19.4% down from it's June's peak 15,023. As there are signs that the oil prices may continue to dive and the financial sector has still more losses to cover we could...
What will push you to change your ISP? 2008-09-07 20:16:00 I was loyal Bell Sympatico subscriber for more than 2 years for their High-speed Unlimited Internet and the service had it's highs and lows but in general was not so bad to just change the provider. Few days ago however I was surprised with my first charge for traffic. When I called I was...
Government to take over Fannie Mae, Freddie Mac? 2008-09-07 08:00:00 This weekend, the news is that the two giants are set to be bailed out by the federal government as they have failed to raised the cash to assure the market that they can withstand the falling real estate prices. The estimated cash injection is in the range of $15B-$20B.The two giants who recorded...
Read more:Freddie
, Government
The Money Belt / La Clik Economik 2008-09-06 18:33:00 As I was reading the weekly Les Affaires I came to a short article about a new financial tool for the young on the web – the bilingual site /
The site has cool design and easy navigation. The key features are:
Credit Card Comparison Tool –...
Read more:Money
The Basics: Mutual Funds 2008-09-05 23:06:00 What is it?
An investment vehicle that allows small investors to join there money and invest together in stocks, bonds and other investment. The MutualFunds
are professionally managed by a professional money manager.
Risks
The risk depends on the mutual fund type, objective and portfolio. In...
Read more:Basics
, Mutual Funds
MD's Weekend Reading 2008-09-05 19:56:00 Get Rich Slowly: How to Prepare for Buying a Home
My Money Blog: Combining Maslow’s Hierarchy of Needs & Personal Finance
My Money Blog: Starwood Points Now Directly Redeemable To Flights + Bonus Point Opportunities
The Digerati Life: 10 Reasons Why Buying Penny Stocks Is Nothing But A...
Read more:Reading
, Weekend
That’s 3 days in a row 2008-09-04 21:37:00 Since we came back to work from the long Labour Day the bears are having a party at the Toronto and NY stock exchanges. Since Tuesday for 3 days in a row we saw S&P/TSX going down and down and down. Today TSX finished down 2.46% (323.58 points) and it’s NY fellow S&P is down 2.99%.
The...
Bank of Canada keeps the interest rate unchanged 2008-09-03 21:30:00 Today as it was expected the Bank of Canada
left the bank rate unchanged at 3.0 percent. The announcement helped the Canadian dollar to bounce up to 94.24c.
Having in mind that the latest data about the inflation and the economy show numbers lower than expected I would guess that on the next review...
Read more:keeps
TSX starts the week with a dive: -471.71 points 2008-09-02 20:38:00 The damages caused by Hurricane Gustav on the US oil industry were much less then expected and the short week after Labour Day started with a big plunge for S&P/TSX which is the biggest percentage drop since this January.
The biggest loser today was the Energy sector being down 6,49% after a...
Net Worth Updates – August 2008 2008-09-01 09:11:00 As I’m following up the progress of some bloggers to become millionaires here is a short list of some of them and their update for August
2008. The list is ordered by actual net worth increase in $
BloggerWorth
.htm">Net Worth
Change $Change %Consumerism Commentary
$174,669 $11,582 +7.70%My Money Blog ...
Book Review: The Wealthy Barber 2008-08-31 23:31:00 The WealthyBarber
: The Common Sense Guide to Successful Financial Planning
Author: David Chilton
201 pages
Last weekend I was around the neighbourhood for my the weekly garage sale tour and I spot a the highly acclaimed book The Wealthy Barber. For 50c I had no second thought – this will be a...
The Basics: Registered Education Savings Plans (RESP) 2008-08-30 14:26:00 What is it?
A special type of savings account that for you child’s post-secondary (after high school) education in which all savings grow tax free. An RESP can be open for up to 26 years.
What if my child decides against post-secondary education?
You can
Transfer up to $50,000 tax-free from the...
Read more:Basics
, Education
, Registered
, Savings
MD's Weekend Reading 2008-08-29 23:43:00 A few interesting blog post from the last week:
Canadian Mortgage Trends: Mortgage Bytes
Million Dollar Journey: 4 Reasons Why Index Investing May Not Be for You
Consumerism Commentary: Dave Ramsey’s Baby Steps
Get Rich Slowly: A Few Ways to Raise Cash Quickly
Quest For Four Pillars : 4% Rule...
Read more:Reading
, Weekend
Test you investment skills without risk 2008-08-29 22:31:00 If you are eager to enter the investing zoo, but are afraid to start there is a risk-free option to test your knowledge and skills.
On The Motley Fools' CAPS website you can create a stock portfolio and test compare your progress against the market and the other 60 000+ registered users. The...
Read more:investment
CIBC with 91% drop in Q3 profit 2008-08-27 21:10:00 CIBC, the 5th biggest bank in Canada gave the investors reason for cheer and worry on small $71M profit
in Q3. With no writedowns linked subprime charges this quarter the total writedowns for the last 5 quarters are up to C$7,5 billion.
Perhaps we should wait a quarter or two before jump again on...
The Basics: Credit Card 2008-08-26 23:04:00 What is it?
A small plastic card issued by a lender to a consumer providing him/her with the ability to pay for received products or services.
Interest payment
You can avoid interest being charged on purchases and fees if you always pay in full your credit card balance every month by the payment...
Read more:Basics
, Credit Card
No budgetary deficit this year!? 2008-08-25 22:06:00 Economy looks rosier for government than it does for Canadians.
Although we started to feel the inflation and the economic downturn the Canadian Government is on his way to continue the budget surplus marathon which last for more than 10 years now.
In fact, the government could wind up doubling up...
Read more:deficit
The Basics: Savings Account 2008-08-24 11:04:00 What is it?
An account that is maintained by a financial institution which pays you interest (fee) for the money you keep in the account.
Risks
If the savings account is at a bank member of Canada Deposit Insurance Corporation there is almost no risk as your money is protected (up to $100...
Read more:Account
, Basics
, Savings
The Basics: Chequing Account 2008-08-23 22:40:00 What is it?
A bank account that allows you to store funds, which are planned for spending in the near future.
Risks
The risk is close to 0 as your money is protected (up to $100 000) through the Canada Deposit Insurance Corporation
Income
Very little interest if any.
Requirements (may vary per...
Read more:Account
, Basics
Financial services and tools you should know 2008-08-22 22:44:00 Since my arrival in Quebec, a little bit more than 2 years ago, I have met a lot of people living in financial disorder from paycheck to paycheck. Even some of my friends with decent incomes have no idea what is RESP, should they invest in RRSP and what credit card to choose.
As I always learn...
Read more:Financial
CPI – 3.4 % for July 2008 2008-08-21 22:13:00 The latest CPI report from Statistics Canada shows that the inflation is crawling up and although we have a relief at the pump the gas prices (+28.6%) continue to be the main factor. Seeing for months in a row my grossery bill growing, there is not doubt that the prices for food purchases (+4.3%)...
My daily source of business information 2008-08-20 22:30:00 Should we follow up daily the world of Finance?
More often than not you can hear the advice not to look at the market indexes too often as this could confuse the ordinary people and lead to irrational financial behavior.
Although I agree on this and I have never based my financial decision solely...
Read more:information
One more black Monday 2008-09-29 19:34:00 Today the business world was expecting the Bush's $700 billion bailout plan for saving the financial sector to pass through congress, but it was written to happen otherwise. The summary of the day looks like:
Dow10,365.45-777.68-6.98%Nasdaq1,983.73-199.61-9.14%S&P...
Read more:Monday
Changing your financial life in 7 days? 2008-09-27 14:18:00 The main theme in the latest issue of MoneySense is a financial exercise that aims to change the financial life of 7 people with a 7-day educational program called The 7-day Makeover.
The stories of the 3 couples and a single mom worth the reading and we can see in them typical for the Canadians...
Read more:Changing
MD's Weekend Reading 2008-09-26 22:34:00 The Simple Dollar: The Twelve Biggest Personal Finance Mistakes People Make Over and Over Again.
Get Rich Slowly: The Millionaire Quiz
Canadian Capitalist: How to pick a winning mutual fund
Quest for Four Pillars: RBC Direct vs Questrade Discount Broker
Canadian Mortgage Trends: Mortgage ...
Read more:Reading
, Weekend
Do you understand your investments? 2008-09-21 10:51:00 Warren Buffett said he did not invest in technology because he did not understand it.
Do you understand all your investments?
More and more I'm reading and writing about investments I realize that the key is to well understand in what we are investing and why. No matter how attracting an...
The Basics: Tax-Free Savings Accounts (TFSA) 2008-09-20 07:41:00 What is it?
TFSA is a registered savings account that allows you to earn interests that is tax-free. TFSA will be available in 2009
Requirements
Canadian resident
18 years of age or olderSIN
How to setup an TFSA
Starting January 2009 you will be able to open an account at most financial...
Read more:Accounts
, Basics
, Savings
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