Quotes of the Day

The best hedge fund managers and professional traders are ecstatic when they achieve a 35 percent return for the year. [2003] - Marcel Link

Buy more house plants: two per one hundred square feet is ideal for keeping your air filtered. Good choices include philodendrons, Boston ferns, peace lilies, and English ivy. Avoid house paints that contain cadmium, lead, or benzene. [2017] - Elizabeth Blackburn

The Home Buyers Plan (HBP) allows you to withdraw up to $20,000 from your RRSP to buy or build a qualifying home. This is permitted under CRA policy. Generally, you can participate in the HBP only once in your lifetime, as it is designed for first-time home buyer. You do not have to include the withdrawn amounts in your income, and the RRSP issuer will not withhold tax on these amounts.Under the HBP, you have to repay the withdrawal to your RRSP within a period of not more than 15 years. Generally, you will have to repay a minimum amount to your RRSP each year, e.g. 1/15 of the withdrawn amount, until you have repaid the full amount you withdrew. If in any year you do not repay the amount you have to repay for that year, the amount you do not repay will be included in your taxable income for that year. [2006] - Douglas Gray

You may feel intimidated by groups, but there are certain advantages to successfully opening a group of people. One of the best questions you can ask to start the conversation is "So how do you know each other?" [2012] - Christopher Gray

High-quality government bonds issued by the federal government and the provinces are an option if you have at least $25,000 or so to invest. (Note that bonds issued by Canadian provinces offer yields higher than federal government bonds.) If you choose to buy individual bonds directly, I recommend sticking with less volatile, shorter maturity bonds (5 years and under) so you get the opportunity to acquire new, higher coupon bonds sooner if interest rates move up. [2018] - Larry Bates