Jan 14
On Tuesday, we talked with Standard Life Investments portfolio manager Raquel Castiel about some of the fundamental factors surrounding Canadian bank stocks. Today, we look at the landscape for the banking sector from a technical standpoint, courtesy of National Bank Financial technical analyst Dennis Mark.
In a research note issued late Tuesday, Mr. Mark said that for now, the S&P/TSX capped financials sub-index is stuck in a technical trading range – between upside resistance at 180 and downside support at 163, its 200-day moving average.
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Jan 13
Here’s the next installment of my series on New Year’s Resolutions that can be done today, and not put off for “some day” in the future. We all know how that usually turns out…
Last year was definitely a roller coaster year when it came to the stock market, and you may have taken the “just don’t open the scary statements” solution. Well, it’s time to take a peek and see where you stand. I won’t pretend that recent performance has been great, but if you made regular contributions throughout, you may be surprised to see your portfolio balance higher than it was in 2007. (Maybe.)
Ass
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Jan 13
I am really late with my Net Worth report this month! As you can see, this was a great month for me. My Mother surprised me at the end of 2009 by paying me back the $10,000 I had given her back in 2008 to pay off her mortgage. A relative had passed away in 2009 and my parents had received a large bequest. My Mother decided to use a portion of that to pay me back. I used half of the money to fund my Roth IRA contribution for 2009 and the other half went to pay down my mortgage principal (my only remaining debt). Read more…
Jan 12
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Jan 12
In the wake of the traumatic 7.0 earthquake that struck Haiti Tuesday evening, an outpouring of support has been heard across cyberspace. And thanks to developments in technology, donating to important and topical causes is easier than ever. But could a text of support really find you victimized by a scam?
Right now, there are two legitimate ways to donate to Haitian support and relief organizations:
Text ‘HAITI’ to 90999: This service was set up by the U.S. State Department. Texting “HAITI” to the number will donate $10 to the American Red Cross, and will appear as a charge on your wireless bill.
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Jan 11
Is it really different this time? In other words, is this recession really different from past recessions? I argue only in terms of magnitude. It was a bad recession, but it ultimately wasn’t any fundamentally different. Will the recovery be muted? I actually don’t think so. I just think we went down so hard that it will take a long time to recover. Unemployment, for example, will be relatively high through 2010, but mainly because it got so high in the first place. I expect fairly consistent improvement in all economic indicators through the year.If you disagree with the above, fair enough. Clearly the Fed should remain accomodative if the economy isn’t growing.
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