Jan 102014
 
Retiree Wins Lottery – Then Gives it all Away

What would you do if you won the lottery? Tom Crist, retired CEO of an electrical wholesale company who lives in Calgary, said he’s giving away his entire $40 million Lotto Max prize. He lost his wife to cancer 2 years ago. He now plans to put the lottery winnings into a trust fund to be given out over the years to charities such as the Canadian Cancer Society. “I don’t really need that money.” He said. Faith in humanity restored :D

 

Weak Loonie

The Canadian dollar fell to just 92 cents USD lately. This is the lowest our currency has been since 2009. Fantastic news for manufacturers and exporters :) If you are American this is great news for you too because Canadian goods are now more affordable for you. Last year when we were at parity I suggested Canadians should buy U.S. assets like stocks or currency. I wrote about buying Google, Qualcomm, Starbucks, and Disney when the $CAD was still high.  Now the tides have turned, our Loonie’s value has dropped, and I’m reaping the rewards :D

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Every Major Marvel and DC Movie Release Until 2019

list-of-marvel-dc-movies-release

2014 Movie Releases

Speaking of Disney (DIS), they have several Marvel blockbuster movies coming out this year. Each one is expected to make huge profits. Disney shares are up 43% year over year! How can anyone possibly resist investing in this globally diversified, money printing company? :D Anyway, here are a list of popular movies that are coming out this year :)

14-01-moviecalendar

 

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TFSA Participation Fail

A recent ING DIRECT survey revealed that 53% of Canadians still don’t have a TFSA.

Funny-facepalm-meme-computer

Not having the money to contribute is the main reason they haven’t opened a tax free savings account yet. If you are currently in school and have $50,000 of student loan debt and no income yet, then it’s understandable that you have no savings. But for most people who can put some money away the TFSA is one of the best tax saving vehicles there is. We have a perfectly legal way to not pay any taxes on our investment gains, yet less than half of us are actually using it? ( ಠ_ಠ)

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Video of the Week

Caterpillars in Hawaii have developed hunting skills

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Blog roundup – Below are some finance and other articles from around the web this week.

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  20 Responses to “Weekend News and Blog Roundup – Good Guy Tom Crist”

  1. Keep up the low canadian dollar value, i have 16,000 euros to convert :)

  2. Thanks for the mention. Also, I am not sure what to think about caterpillars with hunting skills… The last thingn I want is to think about how insects and bugs are getting smarter haha

  3. Hey thanks for the mention! :)

    I like the low Canadian dollar for now, seeing as I am planning on NOT traveling and want to convert some USD into CAD…

    • Converting USD to CAD would be a great deal now compared to last year :0) Once CAD becomes stronger again relative to the EUR I would like to take a trip to Northern Europe, preferably in the summer.

  4. Even @ 92 cents to the American Loonie, I can’t afford to live in Canadia! How I miss the good old days where I could go into Ontario and buy candy with my greenbacks and no one did any math. Yep [....] them were the good ‘ol days.

    Thanks for the shoutout!

  5. Thanks for the mention, Liquid.

  6. Darn, I was planning on going down to the outlets in Tulalip next Sat. Hopefully CAD will bounce back a little. Surprised to see it slump so fast in the last few days. Thanks for the mention.

  7. Thanx for the mention! :)

  8. I can’t believe that many Canadians don’t have a TFSA :|

    Thanks for the mention! :D

    • It’s like free money people are throwing away. The government says “We’ll charge you less taxes overall this year” and some people are just like “oh no you don’t.” :?

  9. Thanks for the link love…bugs getting even smarter! Yikes!

  10. Thanks much for the mention!

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