Search found 16 matches

by stocks
Fri Jun 06, 2008 6:36 pm
Forum: Mutual Funds
Topic: What exactly are Mutual Funds?
Replies: 4
Views: 3938

Re: What exactly are Mutual Funds?

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 … It depends on how do you define big return. The mutual fund manager(s) decide in which companies to invest, as the...
by stocks
Fri Jun 06, 2008 6:28 pm
Forum: Commodities Investing
Topic: Oil - do you expect it to rise from here?
Replies: 2
Views: 2789

Re: Oil - do you expect it to rise from here?

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.
by stocks
Fri Jun 06, 2008 6:26 pm
Forum: Real Estate Investing
Topic: Toronto's real estate
Replies: 11
Views: 12474

Re: Toronto's real estate

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.
by stocks
Fri Jun 06, 2008 6:23 pm
Forum: Business Finance
Topic: Small Business Bank Accounts
Replies: 4
Views: 3782

Re: Small Business Bank Accounts

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.
by stocks
Fri Jun 06, 2008 6:21 pm
Forum: Insurance
Topic: Insurance company with good reputation?
Replies: 4
Views: 3953

Re: Insurance company with good reputation?

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.
by stocks
Fri Jun 06, 2008 6:18 pm
Forum: Banking
Topic: savings account interest
Replies: 6
Views: 4794

Re: savings account interest

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...
by stocks
Fri Jun 06, 2008 6:15 pm
Forum: Bargains & Discounts & Coupons & Saving Tips
Topic: Emergency savings
Replies: 6
Views: 9968

Re: Emergency savings

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.
by stocks
Fri Jun 06, 2008 6:09 pm
Forum: Mortgages
Topic: Canadian Credit Report
Replies: 6
Views: 7647

Re: Canadian Credit Report

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 ...
by stocks
Fri Jun 06, 2008 5:59 pm
Forum: Personal Loans
Topic: Payday Loans - Good or Bad?
Replies: 5
Views: 4816

Re: Payday Loans - Good or Bad?

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.
by stocks
Fri Jun 06, 2008 5:55 pm
Forum: Credit Cards
Topic: Canadian credit cards with high cash rebates
Replies: 3
Views: 3427

Re: Canadian credit cards with high cash rebates

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...

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