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.
[text_ad use_category="38"]
Read More
Close
Intel Corp. (symbol INTC on Nasdaq), is the world’s largest computer chip maker.
For 2010, the company reported record revenue of $43.6 billion. That’s up 24.2% from $35.1 billion in 2009.
Earnings jumped 76.1%, to a record $11.6 billion from $6.6 billion in 2009....
For 2010, the company reported record revenue of $43.6 billion. That’s up 24.2% from $35.1 billion in 2009.
Earnings jumped 76.1%, to a record $11.6 billion from $6.6 billion in 2009....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing. Each Investor Toolkit update gives you a fundamental piece of investment advice, and shows you how you can put it into practice right away. Tip of the week: “The 4-year rule is one of the most valuable rules you can use as an investor.” One of our long-standing pieces of investment advice is the 4-year rule. It goes like this: an attractive buying opportunity appears in North American stocks about every 4 years, usually within a few months of the U.S. mid-term election (the last one of these took place in November 2010). Investors who buy around this time tend to make substantial profits over the next couple of years....
Yesterday on TSI Network, we gave you our stock trading advice on Aastra Technologies (symbol AAH on Toronto), one of the investments we recommend in our new free report, “Tax-Loss Selling: 7 Christmas Stocks That Could Give You Huge Gains in the New Year.” Today, we analyze another company that could soar in the wake of tax-loss selling season, Manitoba Telecom Services Ltd. (symbol MBT on Toronto). The company’s shares are down 19.2% from their 2010 high of $35.39. Manitoba Tel gets 52% of its revenue from its MTS division, which mainly sells traditional and wireless telephone services to consumers in Manitoba. The remaining 48% of its revenue comes from its Allstream business-communications division, which operates across Canada....
Every Wednesday, we publish our “Investor Toolkit” investing advice series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing. Each Investor Toolkit update gives you a fundamental piece of investing advice and shows you how you can put it into practice right away. Tip of the week: “Sometimes it pays to pay a little extra and get a vote.” Some Canadian companies, such as Bombardier and Teck Resources, have two classes of common shares: voting and non-voting (or multiple voting and subordinate voting)....
FedEx Corp. (New York symbol FDX) delivers packages and documents in the U.S. and over 220 other countries. The Memphis-based courier company reported earnings that fell short of consensus estimates on Thursday. However, it noted that shipments for the holiday season are much stronger than 2009 and 2008. (FedEx is one of the stocks we analyze in our Wall Street Stock Forecaster newsletter.) In its 2011 second quarter, which ended November 30, 2010, the company earned $283 million, or $0.89 a share. That’s down 18.0% from $345 million, or $1.10 a share, a year earlier....
Every industry and group has its own special jargon. This specialized language always has the same purposes. It simplifies communications within the industry, and helps make insiders feel they are part of a tightly knit community. It also helps the group pursue its goals. It does that by shaping concepts so that they facilitate lines of thought and discussions that match the industry’s view of the world. This natural human tendency has probably been going on ever since language began. You may recall George Orwell’s classic Cold War novel, 1984. In the book, the totalitarian government that rules the English-speaking world has decided to replace English with an invented language called Newspeak. This new language uses lots of English words, but it defines concepts in such a way that forbidden ideas are clumsy, if not impossible, to express....
We display our TSINetwork ratings (Highest Quality, Above Average, Average, Extra Risk, Speculative and Start-up) next to every stock we recommend in our newsletters — including our flagship publication, The Successful Investor. We designed our TSINetwork ratings to help you quickly and easily identify great stock picks for long-term profits. These stocks have the asset size and investment quality to weather market downturns and changing industry conditions. Here are three factors we consider when we assign a rating to a stock....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing, including retirement planning. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice right away. Tip of the week: “Retirement planning calls for realistic calculations.” Suppose you’re 50 and want to retire at 65. You have $200,000 in your RRSP, and expect to add $15,000 yearly for the next 15 years. To determine if this is enough to retire on, you need to make assumptions about investment returns and income needs....
These days, some of the most misleading ads you’ll see concern so-called “model portfolios.” All too many brokers use these model portfolios to build their money management business.
For instance, one recent ad claimed that its model portfolio turned $100,000 in 2000 into more than $1.7 million by 2009....
For instance, one recent ad claimed that its model portfolio turned $100,000 in 2000 into more than $1.7 million by 2009....
Over the past few months, we’ve periodically looked at common mistakes most investors make, and given you our investment advice on how to avoid them. Here are 3 more common errors all investors make from time to time.
- Losing patience. Good chess players never “go for broke,” as the saying goes. Instead, they try to position their pieces so they can profit from the mistakes they expect from opponents who are less talented, less experienced or less patient. Successful investors follow a comparable approach. But the crucial difference is that they have no opponents who can be relied upon to make mistakes. Instead, successful investors try to arrange their portfolios so that they more-or-less automatically tap into the profit and long-term growth that inevitably comes to well-established companies operating in relatively free and stable economies.
- Relying on brokers’ stock-price targets. Investors sometimes ask us why we don’t publish price targets in the investment advice we publish in our investment services and newsletters, including Canadian Wealth Advisor, our newsletter for conservative investing....