. The prime rate has gone up dramatically, and some of these pay dividends of around 8 per cent.
These are interest rates we haven’t seen since the early 1990s. It’s exciting. Yes, the Bank of Canada may cut interest rates, but we’re not going back to zero or near-zero per cent interest rates, in my view.You need to be a stock-picker and a bit of a contrarian. Investors will need to hunker down and buy good businesses.Must-reads from Globe Advisor this weekAs the year comes to a close, it can’t happen soon enough for most investors.
Terry Cain spoke with several money managers, and came up with five investment themes to focus on in the coming year.This holiday season is the first time in years that many Canadian families will gather in person and, for some, it could be a perfect opportunity to discuss important topics like estate planning. Talking about wills, long-term care needs and who gets mom and dad’s valuables when they pass away may not sound like great holiday conversation.
When clients face a financial crunch, some hastily tap into their registered retirement savings plans to get by without considering the consequences. Withdrawing from an RRSP before retirement means paying more taxes. Specifically, it means they pay a 10 per cent withholding tax if they withdraw up to $5,000, 20 per cent for withdrawing $5,001 to $15,000, and all the way to 30 per cent for withdrawals of more than $15,000.
Deanne Gage looks at why using these registered assets to pay off creditors could be a mistake and what are the other options.A series of redemption freezes across the private real estate sector has raised concerns about the alternative asset class amid soaring borrowing costs and a cooling economy. It also underscores the need for advisors to educate clients on the limits of what they own. Asset manager Blackstone Inc.
Can you run some articles on growing wheat in window boxes or raising indoor chickens? This shit is seriously out of touch.