Search found 16 matches
- Fri Jun 06, 2008 6:36 pm
- Forum: Mutual Funds
- Topic: What exactly are Mutual Funds?
- Replies: 4
- Views: 3938
Thanks for the reply. Do you think Mutual funds can make big return on your investment? Also who decides what stocks to be included in a Mutual Fund? Sorry I have so many questions â€¦ It depends on how do you define big return. The mutual fund manager(s) decide in which companies to invest, as the...
- Fri Jun 06, 2008 6:28 pm
- Forum: Commodities Investing
- Topic: Oil - do you expect it to rise from here?
- Replies: 2
- Views: 2789
The oil situation looks like a classic commodity bubble, and I think the price of oil should come down a lot from here and very soon. I won't be surprised to see oil at $70 USD or even less by the end of the year.
- Fri Jun 06, 2008 6:26 pm
- Forum: Real Estate Investing
- Topic: Toronto's real estate
- Replies: 11
- Views: 12474
I'm a Toronto home owner, and I don't think that there is a problem with the real estate market here. Look at the prices year over year - they are still going up. I don't see why everybody is crying "the sky is falling", when the market is doing just fine.
- Fri Jun 06, 2008 6:23 pm
- Forum: Business Finance
- Topic: Small Business Bank Accounts
- Replies: 4
- Views: 3782
Why would you need more than one business account, and furthermore in two different banks? There are many reasons why a small business might need more than one business banking account. They might need to have a business account in USD, another in CAD and maybe a business line of credit for example.
- Fri Jun 06, 2008 6:21 pm
- Forum: Insurance
- Topic: Insurance company with good reputation?
- Replies: 4
- Views: 3953
I have nothing but good experience with RBC Insurance. They offer competitive insurance rates, and I never had problem with them. I usualy use them for travel insurance as well.
I think ING Direct Canada offer pretty high interest rates on savings accounts, compared to their competitors. They are able to do that, because they don't have retail Canadian branches, all the banking is done online or through ATM, which saves the bank a lot of money and they pass the savings to t...
- Fri Jun 06, 2008 6:15 pm
- Forum: Bargains & Discounts & Coupons & Saving Tips
- Topic: Emergency savings
- Replies: 6
- Views: 9968
I don't have savings equal to 6 months of my salary, I don't think that you need that much savings. All my investments go into my house, which has appreciated nicely in the last 5 years. If I need an emergency cash I will get a home equity loan, and I'll be just fine.
You can get a free credit report once a year I believe from each of the consumer credit bad credit bureaus. The 3 most important Canadian credit bureaus are Equifax, Trans Union and Northern Credit Bureaus. Checking your credit report regularly is a good idea, because you want to make sure you have ...
- Fri Jun 06, 2008 5:59 pm
- Forum: Personal Loans
- Topic: Payday Loans - Good or Bad?
- Replies: 5
- Views: 4816
It's not always easy to get credit when you need it, and in such cases payday loans might be the only way to get cash. As long as people don't abuse them (getting payday loans regularly), they should be fine.
- Fri Jun 06, 2008 5:55 pm
- Forum: Credit Cards
- Topic: Canadian credit cards with high cash rebates
- Replies: 3
- Views: 3427
Thanks! My only concern is that many Canadian stores and merchants don't accept Americ Express credit cards. Of course this is related to the fact that AMEX charge merchants higher fees, which allows them to offer more generous cash backs to the card holders. Do you know of any Visa or Mastercard ca...