Business and Investing

Posted on Saturday, 25th June 2011 by James Martin

We all make assumptions when it comes to planning for retirement. A recent column in the Wall Street Journal explains why caution is warranted when making assumptions in retirement planning.

Rob Carrick weighs in on a Ontario Securities Commission proposal that will force investment dealers and advisers to show the actual dollar cost of fees and commissions and a meaningful summary of a clients rate of return. Good advisers should be doing this already.

Preet Banerjee explains what a dividend capture is and explains why it is a tough way to earn excess returns.

My Own Advisor .

Larry MacDonald .

Michael James says that Larry Swedroe makes a convincing case for passive investing.

Money Smarts Blog thinks that while the OSC proposals are a great idea, it wont make much of a difference for most investors.

Canadian Personal Finance Blog offers some good tips (and some not so good tips) on saving money on gas.

If you are going on vacation to the US or overseas this summer, you may want to heed Ellen Rosemans warning that smart phone users are being hit with hefty data roaming fees.

HowToInvestOnline investigates whether SP 500 currency-hedged ETFs work well and compares two ETFs available on the TSX.

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Posted on Saturday, 25th June 2011 by Jesse Walker

– A bounce could be in the cards for stocks next week as bulls defend a key technical level and managers buy the quarter’s winners to prop up their books.

But gains coming from healthcare, staples or other defensive sectors that have outperformed the market in the last several months would only support the notion that the U.S. stock market needs to complete its correction phase and panic selling must occur before a more sustained comeback develops.

“We want to see more fear,” said Ari Wald, equity strategist at Brown Brothers Harriman in New York.

But be careful what you wish for.

The sources of the recent decline, including Greece’s slow march toward a default on its debt, weak U.S. economic data and the creeping deadline to lift the U.S.

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Tags: Bulls, Bulls Ready
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Posted on Saturday, 25th June 2011 by Christopher Allen

Despite a gloomy economic outlook, slower-than-expected job creation, fights over the U.S. debt ceiling and turmoil in the Europe, the world’s millionaires are continuing to get richer.

The world’s rich boosted their wealth by almost 10 percent last year to $42.7 trillion. That was down from a 19 percent increase in 2009, according to the annual World Wealth Report by Merrill Lynch Merrill Lynch Latest from The Business Journals World’s wealthiest now worth trillionBlueArc looks to raise 0M in IPOFleetCor in 0M credit agreement Follow this company and Capgemini.

That’s greater than the growth of the world¹s entire gross domestic product, which grew only 3.9 percent in 2010.

Wealthy investors are referred to as “high net-worth individuals” and defined as those who have more than $1 million in free cash.

The U.S. remains ho

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Tags: Richer
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Posted on Saturday, 25th June 2011 by James Martin

PepsiCo makes the first move in buying out Russian food producer Wimm-Bill-Dann.

: Food and beverage maker PepsiCo ( PEP – news – people ) on Thursday announced it would acquire a 66% stake in Russian food giant Wimm-Bill-Dann Foods OJSC ( WBD – news – people ) for around $3.8 billion. The deal, which is subject to governmental approval, is for $33 per ADR share, nearly a 35% premium to WBD’s Wednesday closing price of $24.50. Once the transaction is completed, PepsiCo will then offer to acquire the remaining shares of WBD, in accordance with Russian law. Wimm-Bill-Dann produces dairy, juice, and baby foods products under multiple brands in eastern Europe. PepsiCo shares were mostly flat in premarket trading Thursday. We have been recommending shares of Pepsico since July 30, 2009, when the stock was trading at $56.93. The company has a 2.93% dividend yield, based on last night’s closing stock price of $65.63.

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Tags: Pepsico, Pour Pepsico
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Posted on Saturday, 25th June 2011 by James Martin

Dear #field8#,

Earlier this year, I wrote a Money and Markets piece titled “Social Unrest Setting the Stage for Sovereign Defaults.” We had already seen overthrows in Tunisia and Egypt, Libya was underway and other Middle East/North Africa flare ups were in the early stages.

In that February 26 column I laid out why a global movement could just be getting underway.

I said,

“… every step of the way through this global economic crisis the shocks have been thought to be contained. But they’ve proven time after time to be just the opposite: Contagious!”

That’s been the case with sovereign debt problems in Europe — once said to be contained and now known to be systemic. And it’s proving to be the case with public uprisings, too. It started in the

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Tags: Money, Money Running
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Posted on Saturday, 25th June 2011 by Jesse Walker

MOSCOW — Russian state oil champion OAO Rosneft said Thursday its Vice President Peter O’Brien, a former senior Morgan Stanley banker, who oversaw the company’s record initial public offering in 2006, has stepped down.

O’Brien joined Rosneft in 2006 as vice president responsible for strategy and was one of few foreigners to take a senior position in a Russian government-controlled company.

His arrival at Rosneft was a big step toward financial openness for the state-owned company. Two years earlier, Rosneft had seized the main asset of Russia’s biggest private oil company Yukos–a takeover seen by foreign investors as undermining the foundations of Russia’s market economy.

Later in 2006, O’Brien’s international experience helped Rosneft launch a successful international IPO, raising a record $10.6 billion.

“Peter O’Brien’s experience and authority in investment community played an important role in the development and success of Rosneft’s IPO,” the company said in a statement.

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Tags: President, Vice President
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Posted on Saturday, 25th June 2011 by James Martin

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Credit Suisse is still bullish on Walgreens, advising investors to buy the dip as the stock could easily recover by the first quarter of 2012 if it hits its current projections. However, a 50 cent impact to annual earnings could just as easily sink the stock if the void in its PBM isn’t quickly filled by a comparable partner. S

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Posted on Friday, 24th June 2011 by Jesse Walker

Blame it on the weather.

A new study from the National Center for Atmospheric Research done in conjunction with the University of Colorado at Boulder, Lawrence Berkeley National Laboratory and Stratus Consulting says that “routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as $485 billion.” 

And that’s not even counting floods, hurricanes, and earthquakes. Or climate change.

The study “found that finance, manufacturing, agriculture and every other sector of the economy is sensitive to changes in the weather,” and that “the impacts can be felt in every state,” the co-authors said in a statement.

This is the first study to apply quantitative economic analysis to estimate the weather sensitivity of the entire U.S. economy, the authors said in the statement.

“It’s clear that our economy isn’t weatherproof,” said NCAR scientist Jeff Lazo, the paper’s lead author.

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Tags: Weather
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Posted on Friday, 24th June 2011 by Christopher Allen

Nifty Trading Levels for 27 july 2011 Nifty Future Support and Resistance Levels Daily Nifty Level (27 july 2011)
Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. I

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Tags: 2011, 27 July, 27 July 2011, July 2011
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Posted on Thursday, 23rd June 2011 by James Martin

There comes a time when minors, senior citizens, or disabled persons might need someone to manage their money. In these cases, a guardian will be appointed by the court to control guardianship of the persons accounts. While you want to think that every one who is appointed a guardian of an account is trustworthy and will manage the accounts ethically and wisely, that is not always the case. That is why there are rules governing the control of guardian accounts. From who has access to the account, to who owns it, and how money is spent, courts monitor these accounts.

Children and Guardianship Accounts

Children are not legally allowed to open a bank account or manage their own money in an account. Sometimes a parent or guardian might jointly open an account for a child to save money for college or to just help to teach the child about saving.

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