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 πŸ˜€

 

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 πŸ™‚ If you are American this is great news for you too because Canadian goods are now more affordable for you.Β 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. Β Now the tides have turned, our Loonie’s value has dropped, and I’m reaping the rewards πŸ˜€

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Every Major Marvel and DC Movie Release Until 2019

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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? πŸ˜€ Anyway, here are a list of popular movies that are coming out this year πŸ™‚

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TFSA Participation Fail

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

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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? (Β ΰ² _ΰ² )

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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.