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Total Return: Smoke and Mirrors?

07/30/14 5:40 am

Just what is this “total return” hoop that investment managers are required to jump through? Why is it mostly just smoke and mirrors? Here’s the formula: Total Income + (or -) Change in Market Value – Expenses = Total Return — the ultimate test for any investment portfolio. Applied to income purpose portfolios, it is really […]

Social Investor Relations

07/29/14 4:25 am

Social media has been having a tremendous impact on business, as new ways of using it have emerged. One of the first major business applications was the socialization of Customer Relationship Management systems. Social CRM enables a business to maintain current information about customers and use it to develop products that best meet their needs. […]

The Retirement Income Gap

07/29/14 2:00 am

A BlackRock and EBRI analysis (from Think Advisor, July 9th) suggests that older retirees are further from being retirement ready than their younger counterparts… go figure. Ironically, since most benefit plan investors (really speculators) at all ages are market value focused instead of income focused, this observation will likely be the same ten years from […]

What is the worth of life and limb?

07/27/14 10:29 pm

While this is a financial blog, I am going to take some editorial licence here and move to us – each of us – and the death wishes that many people exhibit daily – and no, I am not talking about smoking yourself to death. I’m talking about the rush to cross streets against “Do […]

Target Date Funds = Market Timing Roulette Wheels?

07/22/14 5:57 am

Ross Kerber’s Reuters “feed” entitled: “Target date funds try timing the market” is really a must read article… what it says in a nutshell is that market value growth considerations are wagging the retirement income dog yet again. Once the gambling begins (i.e. MPT “tactical” tinkering), the retirement program ends. Here’s the link: Yes, […]

401k Plan Fiduciary and Performance Responsibility

07/22/14 2:00 am

Anyone who influences the investment product mix should likely be a fiduciary… but only if the selected investment managers are fiduciaries as well. Yes, that eliminates all Mutual Funds and ETFs, since neither admit fiduciary responsibility. But Mutual Funds, ETFs, and Collective Trusts could be recommended by plan fiduciaries who are not paid for product […]

Joint Bank Accounts Cause Costly Complications

07/21/14 2:35 pm

Lots of people have joint bank accounts. You may not understand the dangers these accounts may bring. You may believe joint bank accounts are trouble-free. They can, after all, avoid probate and headaches for loved ones. But the reverse can also happen. Joint accounts can bring heartbreaking nightmares. Married people can benefit from joint accounts. […]

The Investment Gods Created Volatility… and it was...

07/15/14 2:00 am

Have you noticed how paranoid people are getting about market “volatility”. OMG, cries the DOL, we’re going to fine employers if their 401k plan participants don’t grow their balances as fast as the average plan around the country… thus making the Federal Government a participant in roughly half the 401k plans in every audit time […]

How to surf the stock market waves

07/09/14 3:47 pm

  “Your surfing can get better on every turn, on every wave you catch. Learn to read the ocean better. A big part of my success has been wave knowledge.” – Kelly Slater, 11 time ASP World Tour Surfing Champion   By Steve Nyvik, BBA, MBA, CIM, CFP, R.F.P. Data source:   The chart […]

ME AND MY MONEY® - A personal finance blog brought to you by MONEY®

Reputation Management in Canada

  Reputation Management in Canada – Rob Ford famous mayor of Toronto is now in the fight of his life and political life. It will be a landslide in one way or the other. People, businesses, politicians and governments need reputation management for many reasons and there are all types of mistakes, gaffs, errors, errors […]

Digital Marketing for Financial Services Summit Ju...

Join MONEY.CA at The 4th Annual – DIGITAL Marketing Summit for Financial Services June 10 through June 12 at the Hilton hotel and in downtown Toronto. Be our very special guest and enjoy 25% off on registration then join us for a free lunch at You must use CODE:MM25 to enroll as a MONEY […]

Getting Tax Credits for Your Unwanted Life Insuran...

Ten or twenty years ago, you purchased a life insurance policy. It was part of a good financial plan to keep your family protected in case of the unthinkable. Today, the mortgage is paid off, your family is grown, your retirement plan is in place and the insurance that once provided peace of mind is […]

Can you really afford not to have life insurance?

The answer is no.  Think about this…You love your family, right? You don’t want to leave them with the burden of debt in case of an unforeseen even, right? But how can you ensure that your family is not dealing with having to pay off debts while they are grieving in their time of loss?  […] and stand on guard for thee. The definitive Canadian money site in Canada is called simply MONEY aka above all the main namesake and top ranked site for Canadians and their money considerations and information. Money Information is indeed and important commodity. All the things we do at Money Canada Limited is […] and Money Information respectively are part of The MONEY Network and considered to be sites, landing pages and online destination places for Canadians – MONEY and Canada. Our main site is MONEY.CA please join us for all the right reasons. Money Information and this site is intended for long-term use for public awareness […]

Guildhall Diamonds – Launches shiny new alternativ...

Shine bright like a diamond. Why pay good money for good diamonds? white diamonds, yellow, diamonds, green diamonds, blue diamonds or red. The markets may go up and down and with it fortunes and lifetime savings are crushed or diminished. There is a good reason for not putting your eggs in one basket.  Some say” […]

Best Rate Around – Tax-Free Savings Account

A great and smart idea that needs better marketing. This simple concept of Best Rate Around is unique in concept and may be a cute play on words; but it really means business, big business, big enough that the big banks make a tidy some off each and every year. Now something new Tax-Free Savings […]

Tax Free Profit Extraction Using Life Insurance

A tax avoidance strategy has been growing in popularity in recent years. Although CRA has been aware of the strategy for over ten years, its increase in popularity and the Federal government’s current focus on reforming the taxation of insurance means that the life of the strategy may be coming to an end. There are […]

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Nortel Pensioners denounce the recent proposed settlement agreement between...

07/31/14 3:14 pm

Nortel Pensioners denounce the recent proposed settlement agreement between Nortel Networks Inc. (US) and the Bondholders PR Newswire TORONTO, July 31st, 2014 TORONTO, July 31st, 2014 /PRNewswire/ - Nortel Networks Inc. (NNI), the U.S. unit of defunct Canadian telecom company Nortel Networks Corp., has agreed that certain bondholders will receive up to approximately $1 billion in […]

HELP Grant Assists New Orleans-Area Resident with First Home Purchase

07/31/14 3:11 pm

HELP Grant Assists New Orleans-Area Resident with First Home Purchase PR Newswire MARRERO, La., July 31, 2014 MARRERO, La., July 31, 2014 /PRNewswire/ – All Rasheed Kelly wanted was a home in a nice neighborhood so her kids could safely play outside. The 35-year-old single mother of six said her rental house was not in a […]

Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution

07/31/14 3:07 pm

Neuberger Berman High Yield Strategies Fund Announces Monthly Distribution PR Newswire NEW YORK, July 31, 2014 NEW YORK, July 31, 2014 /PRNewswire/ – Neuberger Berman High Yield Strategies Fund Inc. (NYSE MKT: NHS) has announced a distribution declaration of $0.09 per share of common stock. The distribution announced today is payable on August 29, 2014, has […]

Ancient coin collection of Dave Surber, founder of, the first...

07/31/14 2:50 pm

Ancient coin collection of Dave Surber, founder of, the first and foremost ancient coin research website, goes to noted, up and coming auction firm Agora Auctions PR Newswire NEW YORK, July 31, 2014 NEW YORK, July 31, 2014 /PRNewswire/ — Agora Auctions ( announces the sale of the ancient coin collection and numismatic library […]

Obama Administration Caves to Poultry Industry By Proceeding With Privatize...

07/31/14 2:46 pm

Obama Administration Caves to Poultry Industry By Proceeding With Privatized Inspection, Says AFGE President PR Newswire WASHINGTON, July 31, 2014 WASHINGTON, July 31, 2014 /PRNewswire-USNewswire/ — American Federation of Government Employees (AFGE) National President J. David Cox Sr. issued the following statement regarding the newly released final rule on poultry slaughter inspection: “The Obama administration’s […]

BRF: EBITDA grows 25% in the 2Q14

07/31/14 2:45 pm

BRF: EBITDA grows 25% in the 2Q14 PR Newswire SAO PAULO, July 31, 2014 SAO PAULO, July 31, 2014 /PRNewswire/ — BRF’s performance in the second quarter of 2014 is indicative of senior management’s focus on profitability and value maximization. The Company posted strong free cash flow generation during the quarter, reaching R$954.0 million in […]

Encore Capital Group to Meet with the Investment Community at the UBS US Mo...

07/31/14 2:45 pm

Encore Capital Group to Meet with the Investment Community at the UBS US Mortgage Finance Conference PR Newswire SAN DIEGO, July 31, 2014 SAN DIEGO, July 31, 2014 /PRNewswire/ — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of […]

Highlander Partners Announces Sale of Custom Window Systems

07/31/14 2:36 pm

Highlander Partners Announces Sale of Custom Window Systems PR Newswire DALLAS, July 31, 2014 DALLAS, July 31, 2014 /PRNewswire/ – Highlander Partners, L.P., a leading middle market private investment firm based in Dallas, Texas, announced that it has completed the sale of its portfolio company, Vidrio Holdings, Inc. and its operating subsidiary, Custom Windows Systems, Inc. […]

Bridgepoint Education Schedules Second Quarter 2014 Earnings Conference Cal...

07/31/14 2:36 pm

Bridgepoint Education Schedules Second Quarter 2014 Earnings Conference Call for August 7, 2014 PR Newswire SAN DIEGO, July 31, 2014 SAN DIEGO, July 31, 2014 /PRNewswire/ — Bridgepoint Education (NYSE: BPI) will release its second quarter 2014 financial results before market open on Thursday, August 7, 2014. The Company will host a conference call and […]

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Alabama Graphite Announces Departure of Director

By Alabama Graphite Corp. VANCOUVER, Canada / ACCESWIRE / July 31, 2014 / Alabama Graphite Corp. (the “Company”) (TSXV:ALP) (OTCQX:ABGPF) (FRANKFURT: 1AG.F WKN: A1J35M) (ISIN# CA0102931080) announced today that Mr. Wade N. Black has tendered his resignation from the Board of Directors of the Company...

Less Mess Storage Inc. Announces Issuance of Stock Options

By Less Mess Storage Inc. Vancouver, BC / ACCESSWIRE / July 31, 2014 / Less Mess Storage Inc. (“Less Mess” or the “Company”) (TSX-V: LMS) today announced that it has granted 100,000 incentive stock options to a member of its board of directors. The options are fully vested and are exercisable a...

Imaging3, Inc. Announces Resolution of SEC Enforcement Action

By Imaging3 Burbank, CA / ACCESSWIRE / July 31, 2014 / Imaging3(tm), Inc. (OTCBB: IMGGQ) announces today that it  has entered into a consent agreement to resolve the SEC enforcement action filed against Imaging3, Inc. on June 25, 2013 in the United States District Court for the C...

Rift Valley Resources Corp., Receives Assay Results from Latest Sampling of...

By Rift Valley Resources Corp. Vancouver, BC / ACCESSWIRE / July 31, 2014 / Rift Valley Resources Corp. (“Rift” or the “Company”) announces that it has received the assay results of its latest sampling on the high-grade gold-bearing No. 1 Magnetite Vein and related areas, located on the Company’s Ca...

Hunter Bay Minerals to Complete Share Consolidation

By Hunter Bay Minerals PLC London, UK / ACCESSWIRE / July 31, 2014 / Hunter Bay Minerals plc (“Hunter Bay”) (TSX-V: HBY) announces that it will proceed with its share consolidation (the “Consolidation”), as announced in its news release dated May 28, 2014, on the basis of ten (10) pre-Consolidation ..., Inc., Announces Revenue Share Agreement with AppRocket Stud...

By Accesswire-MRM CHARLOTTE, NC / ACCESSWIRE / July 30th, 2014 / Peoplesway.Com, Inc. (OTC Pink: PLWY) (PINKSHEETS: PLWY) Peoplesway is pleased to announce that our wholly owned subsidiary Idea WebCatcher Holdings, Inc. has signed an exclusive agreement to proceed with eDev3, LLC for ...

Simba Energy Announces Closing of Private Placement

By Sintana Energy Inc. Vancouver, British Columbia / ACCESSWIRE / July 31, 2014 / Simba Energy Inc. (TSXV: SMB, Frankfurt: GDA, OTCQX: SMBZF) (the “Company”) has increased the size of its non-brokered private placement to up to 54,118,009 units (the “Units“) offered at a price of Cdn$0.06 per Unit t...

Carmanah Announces Release Date for Second Quarter 2014 Financial Results a...

Carmanah Announces Release Date for Second Quarter 2014 Financial Results and Conference Call Victoria, British Columbia (FSCwire) – Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its second quarter 2014 financial results on August 8, 2014 at 1:00 pm PT (4:00...

Added Capital Announces Plans for Private Placement

By Added Capital Inc. Toronto, Ontario /  ACCESSWIRE / JULY 31, 2014 / Added Capital Inc. (TSXV: AAD) (“Added Capital” or the “Company“) today announced that the Company proposes to complete a non-brokered private placement of up to a maximum of $500,000 (the “Financing”). The Financi...

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