RBC Direct Investing Simplifies Administration Fees
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RBC Direct Investing Simplifies Administration Fees is brought to you by Canadian Capitalist -- Helping you to invest & prosper.
Source: http://feedproxy.google.com/~r/ccapitalist/~3/0sbek_nWoAM/
Filed under: Investing
By DANIEL WAGNER, AP Business Writer
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Source: http://www.dailyfinance.com/2012/06/01/dismal-job-market-pushes-dow-into-275-point-plunge/
Author(s):
Adriana Reyneri
The well-being of children and grandchildren now ranks as the top personal financial concern of Millionaire investors, according to Millionaire Corner research. How does this growing worry shape the financial planning strategies of these wealthy investors?
More than two-thirds (68 percent) of Millionaires surveyed over the first quarter of 2012 said they were worried about the financial situations of their children and grandchildren, up from 57 percent a year earlier. Nearly two-in-five identify the educational costs of their grandchildren as a concern, up from 30 percent last year. (Millionaire Corner research shows that one of every five affluent retirees is helping a grandchild through college.)
Wedding costs are also likely to affect the financial planning strategies of Millionaires investors, who have a net worth of $1 million to $5 million, not including primary residence. Nearly 48 percent of Millionaires have helped pay for a child’s or grandchild’s wedding in the past, and more than 40 percent plan to do so in the future, according to a survey conducted by Millionaire Corner in May. (Millionaires help pay for weddings, even though the vast majority believes they’ve become too lavish, according to our research.)
These college and wedding costs – as well as other expenses – are hitting later in life for most Millionaires and, as a result, complicate their financial planning strategies and cash flow in retirement. More than 80 percent of these affluent investors are older than 55, and the vast majority is retired or semi-retired.
Given their age, retirement status and family concerns, the financial planning strategies of millionaires are most heavily influenced by the desire to minimize investment risk. Millionaires rank risk as the most important investment selection criteria (92 percent), followed by the closely related factor of diversification (91 percent), according to our first quarter study. Nearly half (49 percent) says it’s more important to preserve wealth than grow assets in the current economic environment.
Millionaires also express growing concerns over the prolonged economic downturn, and rank the economy as their top national concern. Our research indicates issues such as the federal deficit and European debt crisis also influences Millionaires to adopt more conservative financial planning strategies.
Related Content:
Financial Planning Strategies: Should I Buy LTC Insurance?
Financial Planning Strategies for Women and Retirement
Source: http://www.millionairecorner.com/article/financial-planning-strategies-millionaires-and-family-1
Source: http://twitter.com/jpmorgan/statuses/203232884176322560
Filed under: Investing, Investing Basics
For many investors, the imperative to own a certain percentage of your portfolio in bonds trumps every other consideration. But the same investors who wouldn't hesitate to pull back on stock allocations when stocks were overpriced don't seem to recognize the same conditions in the bond market. Bond investors have had to make huge sacrifices in recent years. With rock-bottom interest rates, Treasuries pay so little that they're hardly worth investing in. Banks aren't paying their CD customers any better. When you look at the absolute reward and risk involved, buying corporate bonds makes less sense than ever. In comparison, corporate offerings look attractive -- at least in a relative sense. Giving up every bit of upside potential for a yield that barely covers inflation doesn't make sense for most investors. Bonds are useful tools, but only when they give you returns worth buying them for. A Snapshot of Bond Land Permalink | Email this | Comments
Source: http://www.dailyfinance.com/2011/07/08/are-you-seriously-considering-buying-bonds/
Montreal in the SummerIt can get very hot and humid in Montreal each summer but that doesn’t stop millions of people from visiting Montreal and attending all of the great festivals that happen every summer. Along with all of the festivals you’ll find delicious restaurants, active nightlife, museums, art galleries, fun shopping, amazing firework displays, thrilling amusement parks and more. Although I can’t cover everything Montreal has to offer in today’s post, let’s take a look at a few of the special attractions that you will find when you visit Montreal this summer.

I love fireworks anytime, anywhere. Since 1985 Montreal has hosted one of the world’s largest fireworks competitions. One of the special parts of these firework displays is that they are synchronized to music. The firework competitions begin at the end of June. In the past they took place every Saturday and Wednesday night until the end of July.
The Montreal Fireworks schedule has been changed for 2012 to include Friday nights and Tuesday nights, as well as some Saturday nights. The first night will be Saturday, June 30th and the featured country will be Japan. The following dates are July 7, 14, 17, 21, 24, 27, 31 and August 3rd.
If you want to watch the fireworks competition for free you can go to the Old Port or the Jacques-Cartier Bridge, which closes off the car traffic as of 8 p.m.
If you would like to get a closer and better view, and listen to the synchronized music while you watch the fireworks, then you want to head to La Ronde, just in front of the Lac des Dauphins. La Ronde is a Six Flags Theme Park.
Take the family for a fun filled day at La Ronde, Montreal’s Six Flags Theme Park. With over 40 rides stretched across 146 acres you will find rides for the whole family to enjoy including the kiddie rides, panoramic rides that offer a beautiful view and thriller rides that make you scream. La Ronde is open from May until October.
Head underground for some of the best shopping in the world. Under downtown Montreal you will find what is known as the indoor city. You will feel quite comfortable and safe as you walk through the well lit, air conditioned tunnels that are lined with shops on both sides. The tunnels connect to shopping malls, apartment buildings, banks, offices, hotels, museums and condos. You will definitely not feel trapped as there are over 120 exits.
The Underground City of Montreal was designed to help people get around in the brutally cold winters and the very hot summers. Many visitors to Montreal have said that once they discovered the underground they never left as they were able to easily get from their hotel to all of the restaurants and shopping that they needed.

If you enjoy a good cold beer you won’t want to miss the Montreal Beer Festival that takes place in early June. This festival is a taste testing beer festival and this year it will include approximately 637 different beers from 191 breweries. This festival runs for 5 days and offers four-ounce samples of each beer for you to try throughout those 5 days. As you venture through the festival and taste the beer you will also find live brewing demonstrations held from 11 a.m. to 5 p.m. As well the beer festival in Montreal includes food such as alligator soup and kangaroo burgers and fun events such as mini disk golf tournaments, beach volleyball and silent dancing.
Admission to the festival is free but each tasting glass is $9.
For those who love a wide variety of music, the Montreal Jazz Festival is the place to be this summer.
The Montreal Jazz Festival attracts over two million people each year to both the indoor shows and as well as the free outdoor shows.
The jazz festival features many well known entertainers such as Diana Krall, Prince, Pat Metheny, Ray Charles, Sade, Dave Brubeck, The Roots, Smokey Robinson, Esperanza Spalding and Robert Plant.
This year’s festival runs from June 28 to July 7, 2012. If you enjoy listening to Reggae, African, Cuban, Brazilian, Latin Jazz and the blues you will not want to miss this festival.
And speaking of the Montreal Jazz Festival, in 2009 Stevie Wonder performed at the jazz festival and paid tribute to his friend Michael Jackson several times during the festival. Here is one of his live performances at the festival in Montreal.
Source: http://tacklingourdebt.com/2012/05/28/top-summer-vacation-spots-canada-montreal-summer/
Filed under: Investing, Media, Berkshire Hathaway, News Corp
Most Americans know Berkshire Hathaway chairman Warren Buffett as "the greatest investor in history." But history itself may remember Buffett as the man who saved the newspaper industry -- the man who, in the darkest hour when newspapers were dying off to be replaced by the Internet, opened up his incredibly large wallet and made sure newspapers would survive.I have some strong political views, but Berkshire owns the paper -- I don't. And Berkshire will always be non-political. We have more than 600,000 shareholders of all stripes and I do not use Berkshire's resources, directly or indirectly, to speak for them.
Times are certainly far tougher today than they used to be for newspapers. Circulation nationally will continue to slip and in some cases plunge.
We must rethink the industry's initial response to the Internet. The original instinct of newspapers ... was to offer free in digital form what they were charging for in print. This is an unsustainable model ... We want your best thinking as we work out the blend of digital and print that will attract both the audience and the revenue we need.
Your paper will operate from a position of financial strength. Berkshire will always maintain capital and liquidity second to none. We shun levels of debt that could ever impose problems.
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Source: http://www.dailyfinance.com/2012/05/25/did-warren-buffett-just-save-the-newspaper-industry/
Filed under: People
The IRS will stop mailing out paper forms and instructions for annual income tax returns as more people file their taxes online. About 11.5 million people who filed paper tax returns in 2009 got the tax information in the mail, The Washington Post reported. The mailing included 44 pages of instruction last year. Permalink | Email this | Comments
Source: http://www.dailyfinance.com/2010/09/28/irs-will-stop-mailing-out-tax-return-forms-instructions/
Filed under: Economy, Investing, Investing Basics
With the U.S. and European debt crises, concern about a double-dip recession and some lingering numbness from the market woes of a few short years ago, these are uncertain times. And investors are looking for investment strategies that will lead to wealth amid all the uncertainty. Permalink | Email this | Comments
Source: http://www.dailyfinance.com/2011/08/04/larry-lights-tips-on-taming-the-wall-street-beast/
Welcome to the afternoon edition of Friday's Circle of Friends.
It is hard to believe that May is almost over and soon it will officially be summer in our neck of the woods.
There were a lot of blog posts this week about summer vacations, fun things to do in the summer, things that are free to do in the summer, and so on.
Many people make lists of things that they plan to accomplish during the summer months. I don't recall ever doing that, but I plan to do that this summer.
So many times September arrives and I find myself thinking "man, summer went by way too quickly and what did I do?".
So do you make a list of what you plan to do each summer? Maybe your plan includes spending more time outdoors in the sun, or going golfing each weekend, or reading that interesting book that you have put off reading...whatever it is, don't let this summer slip past you.
Speaking of reading, here are some very interesting blog posts for your reading pleasure this weekend. I hope you enjoy them as much as I did!
A Boss's Guide for Productive Young Employees by Erika from shopping to saving.
Self Manager – Success Habits You Should’ve Mastered Before Finishing High School by Anthony from Joyful Self-Manager – Guide Yourself.
Christmas is Seven Months Away – Have You Started Saving? by Money Life and More.
The Correlation Between Clothing and Confidence by Katie from Along for the Journey.
6 Ways to Simplify Your Life (Without Becoming a Minimalist) by Daisy from When life gives you lemons Add Vodka.
5 Travel Hacks to Get the Most Out of Your Summer Trip by Carrie from carefulcents.
Should You Stay In A Controlling Relationship? by Mindy from Creative Money.
You may need to grab a tissue before you read this post. It is very personal. I Am You by Giselle from PositivelyPositive.
Wishing Everyone a fun and safe weekend!
Source: http://tacklingourdebt.com/2012/05/25/fridays-circle-friends-may-25/