Monday, December 04, 2006

Reduce Your Risk...Buy Bonds

The difference between investing and speculating in the stock market comes down to risk tolerance.

With lower risk tolerance, investors should consider looking closely at Bonds.

Corporate bonds provide investors with the security that they are at the front of the line when it comes to liquidation of a company.

What this means, is that for investors seeking long term growth, Corporate bonds provide an opportunity to enjoy returns without as much risk of capital loss if you were to own the Stock of the same company.

Research has indicated that ownership of Bonds actually out perform equities for the long term investor.

For those who wish to sleep well at night, look closely at corporate bonds, or a Bond Fund.

Monday, September 18, 2006

$14,000 Telephone Rental

Aaccording to an NBC News Story, an 82 year old Grand Mother and her family got a first hand lesson in the cost of leasing.

She first leased two black rotary phones -- the kind with a round dial -- in the 1960s.

Until two months ago, She was still paying AT&T to use the phones -- $29.10 every three months, the phone company says.
The family estimates her payments topped $14,000 over more than 40 years.

Moral of the story is check grandmas phone bill for crazy charges that she has been paying for years.

Wednesday, June 28, 2006

Beware Gift Card Expiry!

For anyone who has a gift card from a retail store, do yourself a favor and check for an expiry date.

By placing an expiry date on the value of the card, retailers are able to legally take this money from you before it is used.

This amounts to a free cash grab by retailers who take advantage of consumers who do not manage to spend all their money as quickly as the store would like.

Thursday, June 01, 2006

RFID nonsense

This morning I woke up to hear a "Technology Commentator" extolling the virtues of RFID tags and how it will change our lives for the better.

After an explanation on how it will change the supply chain for companies like Wallmart, the discussion then turned to how it will impact our domestic lives...automated recipe generation.

I was pretty sure that this commentator has drank the Koolaid of technology advancement without thinking about the practicality of the solution presented.

First off, as an avid cook, I tend to know what is in my fridge, secondly, I take great pride in making up recipes with whatever is in the fridge, I doubt that a placing an RFID tag on every container in my fridge will make life easier.

Monday, May 29, 2006

Checkout Charities...Have a plan for giving

Do you have a plan to maximize the benefit of charitable giving?

The recent rise in $2.00 donations to charity collections at the checkout counter highlights the importance of a planned giving strategy to maximize the benefit to your favorite charity and for your own personal benefit.

Lets say you give $2.00 per week to charity at your favorite store. Sure it makes you feel good but, you are giving up $104.00 per year in tax deductible money.

Wednesday, April 12, 2006

Pay Yourself First

In your quest to save money, the first principle should be to carve off some money before you start spending and paying your bills.

This is an important component to your approach to saving money as it then becomes a priority rather than something you try and do after you've spent your paycheck.

For many people, a quick and easy way to ensure you get your money into a savings account is to use a payroll deduction directed to the investment vehicle of your choice.

Friday, April 07, 2006

How much is enough for Retirement Savings

Well...after reading some numbers from the Employee Benefit Research Institute in the Philadelphia Inquirer, it becomes pretty clear that more people need to use the Investment Growth Calculator to better understand the amount of money they have and the rate at which it will grow but, more importantly, how long it will last in retirement.

Make sure you take the time to understand how much you need to carry you through a comfortable retirmenet and save early and save often.

GST Tax Cut In Canada but...will anybody notice?

While the Canadian Government makes a cut in the GST that will add up to an estimated $5 billion-dollar windfall when the sales tax is slashed from seven to six per cent, the
average household savings won't be life-changing. But buyers of
big-ticket items, stand to pocket
anywhere from a few hundred to a few thousand dollars.

But for the average consumer, will this make a difference?

With a savings
rate of negative 0.4 per cent chances are, most consumers will continue spending afterall with this tax cut, if you don't spend you don't benefit.

But will this tax cut really put more money in your pocket? Not likely. For someone to actually see $100.00 in savings they would have to spend $10,000.00.

So, while the same Party who created the GST is now making moves to repair some of the ill will caused by this regressive tax, they are doing nothing to give average Canadians a real tax break.

No Way Out?

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