UK’s Upcoming EU Referendum The United Kingdom will hold a historical referendum later this week to let its people decide if it should remain in the European Union or not. There are a lot of issues driving the debate in Britain including immigration, sovereignty, defence, etc. But the financial factors are the most interesting to me so let’s break down some… Read More »
The European debt crisis is so confusing, it’s like Greek to me. lol 😀 As of yesterday Greece became the first developed country to default to the International Monetary Fund (IMF) to the tune of €1.6 billion. Overall Greece owes about €300 billion to all its creditors. A referendum in Greece will be held this upcoming weekend to decide if the… Read More »
I recently posted an article introducing the TD e-Series mutual funds and how to open up an account. These are easy to understand, low cost funds that are simple and easy to manage with no trading commission. In today’s post I’ll go over how to buy and sell these funds, and explain some creative strategies for using them… Read More »
Money and Banks Spain will be getting a bailout package up to €100 billion from the Euro zone. The idea of injecting this new money into the system is to help stabilize the banks and the economy. It sounds like a good idea on paper. Below is a funny comic I found showing the effects of lending money to… Read More »
The latest employment numbers just came out for May and it’s very neutral. Our unemployment rate remains unchanged from last month at 7.3%. Taking a closer look at the numbers however we see that unemployment in BC actually jumped up from 6.2% to 7.4%. Unfortunately if you are looking for work in Vancouver, it is statistically harder for… Read More »
When a bank says you’re over indebted it probably means you have too much debt and either have to change your lifestyle dramatically, or file for bankruptcy. Lately there’s been a lot of news coverage about the European debt crisis. I’m going to try and explain what it is and how it will affect us. In some European… Read More »