the moneygardener: top 5 stock picks - 6 month update I agree with the moneygardener's #1 pick: Manulife Financial. This stock has taken an unfair beating over the last little while. As I am a long term investor as well, this one is a long term hold for me. Good choices. I'll post my current top 5 picks later.
One reader recently asked me how I received 0% credit cards. I currently have two credit cards for this purpose: a) Citibank Gold Mastercard and b) MBNA Mastercard. Both are limited time only 0% credit cards which means that you can basically write yourself a cash advance and deposit it in your bank account and earn interest on the money until it is time to pay back the principle. Remember, though, that there are monthly minimum payments that one would need to pay. However, because it is a 0% card, any minimum payment you make is made towards the principle. Between the two cards, I like the Citibank card a bit more because there is no balance transfer fee. With the MBNA they charge you 1% of the balance transfer amount. To me this was a minor inconvenience as I have put the money into PC Financial and am earning 4% so I still come out ahead at the end of the year. The MBNA credit card promotion is currently over, but the Citibank Gold Mastercard offer is still available. The det...
With 2019 in the books returning an astounding 28.9% for the S&P 500 and the Toronto Stock Exchange's S&P/TSX Composite index up 19%, there was a lot to cheer about for investors in North America. This was a remarkable year considering a lot of the doom and gloom that fell on markets in Q4 of 2018. A lot of pundits were calling for 2019 to be the year that the 10-year bull run would take a massive correction, but that certainly didn't happen despite the year making a lot of news that would arguably have made markets shakier than they were. I hope a lot of you readers were invested as it was a year to make a lot of easy money. Unless of course, you had invested in cannabis-related stocks. All this said, a correction could happen. We never know when it could happen but for those with a long-term investment horizon should not be fearful of a recession or pull-back in stocks. Take only the risk you can afford to take and stay the course. For something a bit on th...
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