stock exchange
Canadians can still get rich as employees—ask any Canadian bank president. However, high-paying jobs are hard to find. Most corporate structures are pyramid-shaped, with a few high-paying positions at the top and many lower-paying jobs down below. Your best chance of getting rich is by investing money in your own business. But this is risky, because many new businesses wind up failing. As many as 80% go bankrupt or simply shut down in their first five years, according to surveys. Many owners of failed enterprises lose their life savings by investing money in their businesses, if not their homes and marriages.
3 reasons why new businesses fail
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Today, many investors might not immediately recognize the name of master investor John Templeton. In the final quarter of the last century, however, Templeton was as famous and highly regarded as Warren Buffett is today.
Templeton ignored negative predictions and focused his investing strategy on value
Templeton got his start as an investor during the 1930s Depression. At the time, he felt investors were way more pessimistic than the facts warranted. Instead of dwelling on negative predictions, Templeton focused his investing strategy on the low p/e ratios, high dividend yields and other value indicators he saw in the market. In 1939, Templeton famously ordered his broker to buy 100 shares of every New York Stock Exchange stock that traded for less than $1....
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 investment advice. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away. Today’s tip: “The top 3 ways to earn higher profits in world stock market investing” High-quality foreign stocks are a great way to diversify your portfolio. Moreover, many fast-growing markets, like China and India, have positive outlooks. That’s because their people are generally younger than North Americans, and rising incomes are helping more of them advance into the middle class....
Exchange-traded funds (ETFs) offer very low management fees. As well, the best ETFs offer well-diversified, tax-efficient portfolios of high-quality stocks. But the quality of ETFs varies widely. All too many exist to tap into popular, but risky, themes and fads. So you need to be highly selective with your ETF holdings. Here are six foreign ETFs we like:...
There’s no limit to the types of investment questions Inner Circle members can ask Pat and his team of investment experts. Members often ask for Pat’s advice on Canadian stock market investments they are thinking of buying that we don’t cover in our newsletters. These companies range from large multinational firms to the most speculative penny mines. Members also frequently ask about specific investment strategies, or how headline-making events could affect their portfolios. For example, the TMX Group, which operates a number of Canadian stock exchanges, recently announced that it had agreed to merge with the London Stock Exchange (LSE). An Inner Circle member recently asked for our recommendation on TMX Group, and what impact such a merger would have on Canadian investors. To give you a sense of how the Inner Circle works, I’d like to share this question, and our answer, with you. I hope you enjoy and profit from it....
TMX Group Inc., $39.68, symbol X on Toronto (Shares outstanding: 74.3 million; Market cap: $3.0 billion), owns and operates Canada’s two national stock exchanges. The Toronto Stock Exchange lists senior equities and the TMX Venture Exchange lists junior equities. The company also owns the Montreal Exchange, which specializes in derivatives, and the NGX, an exchange for trading and clearing natural-gas and electricity contracts. As well, TMX Group owns Shorcan Brokers, a fixed-income inter-dealer broker, and The Equicom Group, an investor-relations company. In 2000, the Toronto Stock Exchange became the first exchange in North America to become a for-profit corporation (known as TSX Inc.). In 2001, TSX bought the Vancouver Stock Exchange. The TSX Group first sold shares to the public at $9 (adjusted for a two-for-one split), and began trading on Toronto in November 2002....
Members of our Inner Circle service often ask for our advice on stocks they are thinking of buying that we don’t cover in our newsletters. These companies range from large multinational companies to the most speculative penny stocks. For example, an Inner Circle member recently asked our advice on Gippsland Resources. The Australia-based penny stock’s two main properties are both located in Egypt, and contain deposits of tantalum, a rust-resistant metal with many industrial uses. To give you a sense of how my Inner Circle service works, I’d like to share this question, and our answer, with you. I hope you enjoy and profit from it....
Orocobre Limited, $2.79, symbol ORL on Toronto (Shares outstanding: 91.2 million; Market cap: $254.4 million; www.orocobre.com.au), is based in Australian-based company. Its main listing is on the Australian Stock Exchange. Orocobre and its partner, Toyota Tusho, which is part of the Toyota Group of Japan, hope to soon complete a positive feasibility study on Orocobre’s Salar de Olaroz lithium/potash/brine deposit in Argentina. Orocobre aims to start production at the site in 2012. Toyota Tusho is providing $4.5 million U.S. to fund the completion of the feasibility study. Toyota Tusho will then acquire a 25% interest in the joint venture. The cost of this stake will be based on the project’s value as estimated by the feasibility study. Toyota Tusho will also be responsible for securing a Japanese government-guaranteed, low-cost debt facility for at least 60% of the project’s development costs....
METRO INC. $43 (Toronto symbol MRU.A; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 105.8 million; Market cap: $4.5 billion; Price-to-sales ratio: 0.4; Dividend yield: 1.8%; TSINetwork Rating: Average; www.metro.ca) has about 600 supermarkets and 250 drugstores in Ontario and Quebec. In the three months ended December 18, 2010, Metro’s sales fell 0.5%, to $2.63 billion from $2.65 billion a year earlier. Metro cut its prices due to rising competition from other grocery retailers and Wal-Mart, which continues to expand its grocery offerings. As well, drug prices have fallen due to the expiry of important drug patents and new generic-drug legislation in Ontario. However, earnings rose 3.7%, to $92.0 million from $88.7 million. Earnings per share rose 7.3%, to $0.88 from $0.82, on fewer shares outstanding. These figures exclude one-time items, such as expansion costs and a lower tax bill....
The Indian government recently projected that the country’s economy will grow at a rate of 8.6% this year. That’s up from the 8.0% growth rate the country recorded last year. That would be the country’s fastest growth rate since 2008. The government expects the fastest growth to come in India’s service sector (11%), followed by manufacturing (8.8%) and agriculture (5.4%).