TSX posts triple-digit gains
Canada’s main stock index increased by triple digits in late-morning trading, helped by strong gains in the heavyweight energy, industrials and financials sectors. The S&P/TSX composite index was up 148.69 points at 16,597.53. In New York, the Dow Jones industrial average was up 452.49 points at 26,807.96. The S&P 500 index was up 43.39 points […]
August home sales up
The Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4 per cent compared with a year ago. The board say there were 7,711 home sales through its MLS system in August, up from 6,797 sales reported in August 2018. On a month-over-month basis, seasonally adjusted sales were […]
Didn’t anyone tell you investing rules change in retirement?
If you’re close to retirement or already retired, merely reacting to the latest bout of market volatility, viewing it as a warning, may not be enough. It’s time to sit up and take notice, understanding what a larger potential correction could do to your financial situation. Could a market correction, like the one we experienced […]
52% of Americans have raided their retirement savings early—here’s why that’s a mistake
More than half (52%) of Americans have tapped into their retirement savings early, according to a recent survey from Magnify Money, and 23% did so in order to pay off debt. Survey respondents also dipped into their savings to cover a down payment on a home (17%), paying for college (11%) and medical expenses (9%). […]
Tennis legend Andy Roddick wants you to save your money. Here’s how he did it
For tennis great Andy Roddick, there’s one important rule that works both on the court and in the world of investing. “Even if you’re intimidated by words like ‘volatility’ and you think the world’s going mad … be disciplined with what you put away monthly,” the one-time U.S. Open champ told CNBC’s “Fast Money: Halftime […]
5 Tips to a Quicker Retirement
Remember the Seven Dwarfs song, “Heigh-Ho, Heigh-Ho (It’s Home From Work We Go)”? How about the 1988 variant by David Chamberlain, “I Owe, I Owe (It’s Off to Work I Go)”? You might be singing the latter tune for longer than you’d like as you try to reduce your debt and expenses while you work […]