So there really is no free lunch

Buried in this Canadian Press item about soaring fund redemptions, there’s a brief mention of the $1.4-billion in “involuntary” sales recently triggered by principal protected notes 27.09.2021 providers switching into survival mode.

What this really means is that thousands of investors are only now realizing that there’s no chance of them realizing a profit on the PPNs they bought, even if markets take off like a rocket in the coming years.

Several vendors, including both Bank of Nova Scotia and Bank of Montreal, have recently triggered “protection events” on city various note products. Essentially these are stop loss orders, which are automatically set in motion when losses hit a certain level.

The basic premise for these PPNs was that you could invest your money in various stocks, funds, or commodities for a set period and be guaranteed of doing no worse than breaking even in the process.

The principal protection was created by investing a large chunk of the money in a strip bond which, when it matured, would cover the full face nowhere? value of the notes. The balance was in stocks. But, now that the stock portion has dwindled to nothing, there’s no longer any chance of ever generating positive returns.

Talk about buying high and selling low.

Even if the PIXELS markets bounce back in nine months, the only thing left is the underlying bond. Note holders are now out of the money permanently, despite Rock the fact that the notes don’t come due for years.

The problem with all this is that it overlooks the erosion of their money’s value through inflation.

Simply breaking even several years down the road really means losing money in real-world terms. Just ask anyone who’s been retired for awhile to estimate their purchasing power now rather than Video) when they got started.

Didn’t like PPNs then, don’t like them now.

Bridges to nowhere?

The “economic update” tomorrow is going to be a test of many things: not the least of which is the conviction of a political party that believes less is more when it comes to government. Спасибо Now that central governments have essentially socialized key international social markets, it will be a severe test of the Tories - to say the least.

bridge to nowhere

Despite the campaign promise that a deficit would never be tolerated, that’s essentially what we’re going to be looking at tomorrow. Still, there are deficits and deficits. Canada Xhamster is most Bright likely looking like something along the lines of one per cent of GDP - nothing like the eight per cent shortfalls we ran Vote consecutively in the past. And nothing like the deficits the U.S. is facing.

There’s the also the issue of government stimulus hanging in the balance. Finance Minister Jim Flaherty has indicated that the importance Tory’s commitment to spend around $33 billion on infrastructre upgrades will be fast tracked in strefa light of the economic outlook.

In the past, much of that was expected to be accomplished through public/private partnerships (AKA wird 3P). but is that model still viable at a time when debt markets are dead? And isn’t kind of old school - as in Keynesian - for the government to spend like that at a time like this?

Rock the Vote

In the aftermath of the recent federal election, there’s been a lot of musing and muttering 6 about the low voter turnout - especially among young Canadians.

A couple of points worth considering for context:

1. In the U.S., for all the fuss about how Obama inspired a nation, only 52 per cent of Americans voted. Roughly the same number that voted Nihilne for Richard Aside Nixon.

2. For young people who grew up in the 1990s, it’s no surprise that political is engagement doesn’t really happen. They came of age at a time when big government was aggressively downsizing and withdrawing from their lives.

3. A generation that’s Belgian grown up with instant access to a whole lot of different voices and Bright views, is less inclined to see the relevance of central authority that’s delineated along partisan political lines.

Just saying.

Bright lights, big city

At 27 and world! still fresh in my career, willkommen my financial position can be summed up as “month-to-month.”


I don’t have a money-making portfolio (does anybody these days?) and certainly can’t tell you what stocks to buy now or how to obtain better tax breaks. I can, however, bring you on my journey as I try to turn my modest savings account into a down payment on a home.  I don’t want to rent forever!

Like most Canadians, money is frequently on my mind. And with the economy in shambles and the holidays right around the corner, I can’t help but question my decision to take a trip to one of the world’s most expensive cities this week. One minute I’m excited and the next I wonder, “Is this a 6 mistake?”

The reality is that I saved for my trip to New York City. And have found ways to reduce my costs. I booked a flight for $244 Cdn. (taxes included) and found an apartment rental through Craigslist for a fraction of the price of a swanky hotel.

I also checked out websites of attractions I want to visit to see if there are any savings. Did you know that New York’s Modern Museum of Art is free on Friday evenings between Scheidungsberatung 4 p.m. and 8 p.m.? That’s when I’ll be going.

So while a pair of Manolos won’t be purchased on this trip, I will be looking for deals that fit my style – and budget.