B.C. couple has plenty of money, but even the wealthy need a coherent financial plan

With an effective investment strategy, couple’s $20-million estate could grow to $40 or $50 million in 30 to 40 years Published Apr 14, 2023  •  Last updated 1 hour ago  •  6 minute read A financial plan is really a life plan to think through what you want to do with your money and life, a… Continue reading B.C. couple has plenty of money, but even the wealthy need a coherent financial plan

7 world headlines investors should pay attention to, and 1 they can ignore

The following issues feel urgent, but not all are important Published Apr 14, 2023  •  Last updated 58 minutes ago  •  4 minute read Traders work on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files My noise-cancelling headphones are working overtime. In addition to giving my wife some private time, they’re… Continue reading 7 world headlines investors should pay attention to, and 1 they can ignore

FP Answers: Should we use the money in our TFSAs to pay off our mortgage?

Rising interest rates a motivating factor in paying off mortgage, but there are pros and cons to using TFSA savings Published Apr 14, 2023  •  Last updated 59 minutes ago  •  3 minute read Using all your TFSA money and savings to pay off a mortgage essentially turns available liquid money into illiquid home equity. Photo… Continue reading FP Answers: Should we use the money in our TFSAs to pay off our mortgage?

Kevin Carmichael: 3 things the Bank of Canada subtly told us at its press conference

Three observations that shed light on the central bank’s thinking Get the latest from Kevin Carmichael straight to your inbox Published Apr 13, 2023  •  Last updated 17 hours ago  •  6 minute read Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers leave a news conference after announcing an interest rate decision… Continue reading Kevin Carmichael: 3 things the Bank of Canada subtly told us at its press conference

Sean Cooper: Distressed housing sales can be a deal for buyers, but you should know the risks

Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance What is a distressed sale and how does it happen? A distressed sale is one where a homeowner is… Continue reading Sean Cooper: Distressed housing sales can be a deal for buyers, but you should know the risks

Stock Market Today: Stocks Climb After Promising PPI, Jobless Claims

An encouraging reading on inflation lit a fire under stocks Thursday, with all three indexes closing solidly higher. Another sign that the labor market is starting to soften only created bigger tailwinds for stocks, while quarterly results from Delta Air Lines (DAL (opens in new tab)) gave investors a sneak peak into Q1 earnings season. … Continue reading Stock Market Today: Stocks Climb After Promising PPI, Jobless Claims

Four Historical Patterns in the Markets for Investors to Know

After a few great years of positive returns, it can be easy to forget the reality that markets don’t always go up. To put it simply, the market can go up, down or stay flat for an extended period. Past performance cannot predict future performance. But it can help set reasonable expectations. Here is a… Continue reading Four Historical Patterns in the Markets for Investors to Know

Morgan Stanley’s US stock chief sees more than 20% downside coming for the S&P 500 and warns of an earnings recession on banking sector turmoil

Morgan Stanley’s Mike Wilson backed his forecast for an earnings recession amid banking sector concerns. The equity strategist sees the S&P 500 falling more than 20% before parring losses by year-end.  JPMorgan, Citigroup, and Wells Fargo are kicking off earnings on Friday. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Morgan Stanley’s US stock chief sees more than 20% downside coming for the S&P 500 and warns of an earnings recession on banking sector turmoil