Wealth Management
If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.
There are three types of professional wealth management services you can use.
- A full service stock broker - A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
- A discount stock broker - A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
- Portfolio managers - A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.
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Major Drilling, symbol MDI on Toronto, is a large contract-drilling firm that mainly serves the mining industry. Major Drilling is one of the stocks we analyze in Stock Pickers Digest, our newsletter that contains stock investing tips for the part of your portfolio you devote to aggressive investing. In the three months ended April 30, 2011, the company’s revenue jumped 41.0%, to $137.3 million from $97.4 million a year earlier. The gain came despite floods in North Dakota and Queensland, Australia, and severe winter weather in Canada. Earnings per share jumped 225.0%, to $0.13 from $0.04. During the quarter, the company expanded its workforce to 4,000 from 3,400. It also bought 25 new rigs and retired 21 as part of a modernization program. It added 15 of its new rigs to its Resource Drilling (Mozambique) operations, which it acquired on March 24, 2011....
We’re happy to see that more investors are commenting on the articles we post on TSI Network. The site’s comments feature lets investors share their thoughts on our investment advice, and read other visitors’ opinions. Your comments also help us choose the best topics to write about in our TSI Network Daily Updates. Adding your comments couldn’t be easier: just scroll to the bottom of the article you’d like to comment on and type in your thoughts (you’ll have to log in first). Even if you don’t comment yourself, you’ll be surprised at the investment advice you can pick up just by reading comments posted by other investors just like you....
FedEx Corp., New York symbol FDX, delivers packages and documents in the U.S. and over 220 countries and territories. FedEx is one of the stocks we analyze in Wall Street Stock Forecaster, our newsletter that offers stock market recommendations for the U.S. markets. For the fiscal year ended May 31, 2011, FedEx’s revenue rose 13.2%, to $39.3 billion from $34.7 billion in 2010. The company earned $1.45 billion, or $4.57 a share, up 22.6% from $1.2 billion, or $3.76 a share. If you exclude unusual items, FedEx earned $4.90 a share in 2011. That matched the consensus estimate....
You’ll often hear that investors spend more time choosing the options on a new car than they do picking investments. That’s undoubtedly true of some.
When you own a stock that’s being taken over, our investment advice is that it generally pays to hang on and wait for the deal to go through, then submit your shares to whoever’s making the takeover bid. Selling early will cost you money in the long run. Weeks before a takeover is announced, speculators usually buy the stock on rumours, and drive up its price. (Mind you, speculators also drive up prices of stocks that are falsely rumoured to be takeover candidates.)
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Investment advice: Patience is the key to takeover profits
FirstService Corp., symbol FSV on Toronto, serves the following areas of the real-estate market: commercial real estate; residential property management; and property improvement. We analyze FirstService in Stock Pickers Digest, our newsletter that gives you our aggressive stock market recommendations. In the three months ended March 31, 2011, FirstService’s revenue jumped 18.9%, to $478.4 million from $402.4 million a year earlier (all figures except share prices in U.S. dollars)....
The improving U.S. economy is helping more consumers repay their loans on time. That’s pushing down loan losses at a number of U.S. banks, and improving their profits. However, the outlook for the U.S. banking industry remains uncertain. High unemployment continues to hurt demand for new loans, and the industry faces greater regulations in the wake of the financial crisis.
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Stock advice: Diversification is the key to lowering your risk in the U.S. finance sector
These days, many investors who are approaching retirement worry that their retirement investing won’t generate enough income once they’ve stopped working. We recommend that you base your retirement planning on a sound financial plan. Here are the 4 key variables that your plan should address to ensure that your retirement investing generates enough income in retirement:
- How much you expect to save prior to retirement;
- The return you expect on your savings;
- How much of that return you’ll have left after taxes;
- How much retirement income you’ll need once you’ve left the workforce.
Symantec Corp., symbol SYMC on Nasdaq, sells Internet security technology, including anti-virus and Internet content and email filtering software, to businesses and consumers. Symantec is one of the stocks we cover in Stock Pickers Digest, our newsletter that covers more aggressive stock market recommendations. In the three months ended April 1, 2011, Symantec’s earnings fell 8.0%, to $297 million from $323 million a year earlier. Earnings per share fell 5.0%, to $0.38 from $0.40, on fewer shares outstanding. These figures exclude several unusual items, including asset writedowns and restructuring costs. On this basis, the latest earnings beat the consensus estimate of $0.36 a share....
Tim Hortons Inc., Toronto symbol THI, saw less traffic at its Canadian coffee-and-donut stores in the first quarter of 2011, due to bad winter weather. As well, the company spent more on promotions, which hurt its earnings growth.
We analyze Tim Hortons in Stock Pickers Digest, our newsletter for portfolio investing in aggressive stocks.
In the three months ended April 3, 2011, Tim Hortons’ earnings rose 2.3%, to $80.7 million from $78.9 million....
We analyze Tim Hortons in Stock Pickers Digest, our newsletter for portfolio investing in aggressive stocks.
In the three months ended April 3, 2011, Tim Hortons’ earnings rose 2.3%, to $80.7 million from $78.9 million....