A new report released today finds that seven of the largest publicly-traded oil companies in the world are putting billions of dollars in jeopardy by investing in high-cost, high-risk oil extraction projects. Many of the most risky ventures are right here in Canada and many of the companies named in the report figure significantly in Canadian pension plans and mutual funds.
Transparency is ultimately a useful tool and a move in the right direction: the more we know, the better. Of course, if you've hired a portfolio manager who charges a monthly or quarterly inclusive fee, you have already been enjoying full transparency, long before these regulations came into affect.
Every time you sit down with an investment professional, you are asked what your risk tolerance is. Regardless of the method for defining the risk you'll accept in your investment portfolio, you are wise to define the meaning at the outset with the person administering your money. It will save you a lot of sleepless nights.
Investing and managing money might seem like one such task that requires a large amount of personal attention and professional advice. However, an increasing number of investors have started looking to technology to help manage their money. This trend has seen the rise of a new breed of wealth manager -- "the robo-advisor."
Coupled with the outside noise of market emotions, our individual ability to justify decisions based on sometimes irrelevant and biased information, makes the seemingly simple axiom, 'buy low, sell high' difficult to execute efficiently. Luckily, there are 3 easy ways that you can create and manage an emotional firewall between you and your investments:
When the conversation turns to fraud, investors can sometimes forget that tried-and-tested investment management principles still need to be applied. Even though diversification is one of the most fundamental and enduring investment principles, many investors forget to ensure their assets are diversified widely enough.
Money shouldn't dictate your success or potential. While it may be more difficult without funding to bring your idea to reality, it doesn't mean it can't be done.In fact in some ways it can be a blessing in disguise. Your passion will be put to the test, your vision will be challenged and with each roadblock your determination will strengthen as your vision grows.
Investments in the oil, gas and coal industry are starting to lose their value and will become a liability based on a major UN report released Monday. The UN Intergovernmental Panel on Climate Change's (IPCC) 2,000+page report confirms that Canada must keep more than 75 per cent of its fossil fuel reserves in the ground.
There are a number of human financial gurus working to help you become wealthy, and their advice is based on years if not decades of knowledge and experience. However, there are a number of microbial economic geniuses who have centuries of expertise developing "economic" success. Germs seem to have knowledge to keep economies solid.
The use of some remarkable automated milking systems, which allow cows to choose themselves when to be milked and keep information about each cow's production, has gone up steadily in popularity since they were first introduced in Canada nearly 15 years ago. The growing prevalence of robotic milkers on farms across the country is a sign of encouraging times.
At a recent seminar in Tokyo designed to generate investment in Canada's natural resource sector, the interest among Japanese investors was evident. But it was equally clear that Canada faces stiff competition to woo investors. Simply repeating that "Canada is open for business" and expecting the investment dollars to roll in won't work.
Unlike most other goods or services that financial assets are based on, real estate responds to an innate desire -- the desire to have a piece of this earth one can call his own. This basic yearning has been, in my opinion, the driving force of the real estate market, and the reason I continue to believe in it.