January 24, 2011 · 2 comments
in Asia, BRIC, China, RMB, USD, banks, currencies, diversification, financial planning, foreign investment, hedging, inflation, investing, living in US, market trends, money management, risk, savings, wealth protection, wealth transfer
Readers have recently been asking where you can open a Chinese Yuan savings account. As I wrote in a previous post, Chinese Yuan savings accounts for Americans are available at the Bank of China (only in New York and Los Angeles so far).
In that previous post, I outlined the basic steps you need to know [...]
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November 3, 2010 · 1 comment
in 2010, Canadian, November, banks, brokers, fees, financial planning, investing, news and updates, stocks
TD Waterhouse Discount Brokerage (Canada) has announced that it will lower the standard flat rate commission fee for buy and sell orders from $29 down to $9.99 for clients with household assets of at least $50,000. Changes take effect on November 4th, 2010.
Previously, clients had to hold at least $100,000 in assets at Waterhouse to [...]
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October 31, 2010
in 2010, Canadian, DRIPs, November, S&P/TSX, banks, dividends, financial planning, investing, money management, news and updates, passive income, special dates, stocks, wealthbuilding
Canadian bank DRIPs are known for discounts of 2-3% on dividend reinvestment through their DRIP plans, but these discounts do fluctuate.
Starting with the November 2010 common dividend, the Bank of Montreal (TSX: BMO) will no longer provide a DRIP discount from the average market price on common shares purchased under the plan.
BMO has said there will [...]
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October 31, 2010
in 2010, FOMC, Federal Reserve, US Treasury, US debt, USD, bubble, bull market, central banks, collapse, debt, deficits, deflation, forecasts, indicators, inflation, international stock market, investing, market timing, money supply, special dates, stimulus, tips, wealthbuilding
Two of the largest days for global stock markets are coming up: November 2nd and 3rd. By doing some planning in advance you can position yourself to take advantage of it. Here’s what you should know for trading hours on Monday, November 1.
Three trading tips for the November elections and the announcement of quantitative easing [...]
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October 11, 2010 · 4 comments
in bubble, central banks, coins, collapse, commodities, gold, hedging, investing, precious metals, wealth protection
How high gold can go in October and November now that gold prices have risen for 12 out of the past 14 days can be determined by evaluating how parabolic the gold chart looks but must be weighed against the fact that central banks have been continuously purchasing gold for reserves, and Barrick CEO Aaron [...]
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Gold is now itching to break through its 6-week high. Q4 is usually the strongest quarter for gold, so you might want to get ready for it. Remember just six months ago when everyone was talking about the bubble in gold around $1100/oz?
This time last year, you laughed when gold was $950/oz.
But over a period [...]
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When will we see the Canadian banks increase their dividends again? Which of the Big Five will raise their dividend first?
All Canadian income investors would love to know the answers to these questions. Of course, smaller Canadian banks have already begun to increase their dividends. Laurentian Bank of Canada (TSX: LB) hiked its dividend just [...]
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