October 07, 2021

Twitter-hungry stock buyers jump the gun

Oops. That's probably what some investors thought when they accidentally purchased stock in TWTRQ, Tweeter Home Entertainment Group, an electronics chain that liquidated in 2008.

With investors buzzing about the latest news on the upcoming Twitter IPO, some silly traders helped the defunct company's stock rise to a value of about 1,400 per cent. On Thursday, the stock closed at one cent, but on Friday it rose to as much as 15 cents. The OTC finally head to step in and halted trading on the stock at 12:42 p.m. on Friday. This is after details about Twitter's financial situation was revealed through a prospectus filed with the Securities and Exchange Commission.

Unfortunately, investors were over eager and it turns out that the Q behind the stock means that the company is bankrupt, but can continue to be traded, according to CNN.

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August 01, 2021

Stealing a PIN code is as easy as 1234

You work hard for your money.

So why put your finances at risk with a personal identification number (PIN) that's as easy as 1234?

A study by DataGenetics revealed that people are opening themselves up to identity theft and financial fraud by selecting four-digit PINs that are easy to crack.

When thinking of a four-digit password, many people opt for something that is simple and easy to remember such as a child's birth date, an anniversary or the year they were born.

However, there are over 10,000 possible combinations the digits 0 to 9 can be arranged to create a four-digit PIN code, according to the research.

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June 13, 2021

Big brother is watching you

Who knew government surveillance programs could encourage people to read more?

Dystopian classics such as George Orwell's 1984, Aldous Huxley's Brave New World and Ray Bradbury's Fahrenheit 451 have been flying off the shelves since news broke that the United States government has been undertaking secretive surveillance systems targeting phone and internet messages.

As a matter of fact, Orwell's 1984 novel, featuring a totalitarian futuristic society under the watchful eye of Big Brother, is listed as one of's top 200 bestsellers.

We are being watched and followed at every move. Whether, it's us willingly inputting data about ourselves on Facebook, LinkedIn or into the Twitter sphere...our information is out there for everyone to see.

There are surveillance cameras wherever we go. Shopping, offices, workplaces, streetscapes. Then there's Google maps where you can just zoom in on anyone's personal space.

There are even enthusiastic candidates who want to be under the watchful eye of Big Brother, the Canadian TV show, for millions to see their every movement.

And who is out there gathering our data and perhaps using our personal information?

Security is always a concern, especially as we move forward into a cashless society with debit cards, credit cards, swiping and tapping out our information in stores and over the internet.

We're seeing, hearing, and watching world events as they unfold. Not just through news agencies, but now through average citizens with their mobile devices in hand and on the scene at any given moment.

But who is watching the watchers? And what happens when someone does blow the whistle like Edward Snowden, a former U.S. National Security Administration (NSA) contractor?

Remember, Big Brother is watching you.

By Donna Donaldson, MSN Money

What do you think about government surveillance?

June 06, 2021

Know the risks when hiring a mover

Moving is a stressful time.

There's the purging, the cleaning, the packing and selecting a professional mover to handle your personal property with care.

So making sure you know how to protect your household goods while in transit can help you reduce the risks and protect yourself from any damage or loss that may occur.

According to the Canadian Association of Movers (CAM), the liability for loss or damage is shared between the consumer and the mover.

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June 03, 2021

What's ahead for the last half of the year?

Broadly rising equity markets coupled with increasing interest rates will lead to more near-term volatility, predicts investment firm Edward Jones in a recent report.

In other words, there's still money to be made in 2013: "We believe stocks are primed to deliver attractive total returns going forward, particularly compared to bonds and cash."

However, while there are compelling opportunities in today’s market, there are also some clearcut mistakes investors need to avoid, the firm warns

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April 05, 2021

More choices lead to bigger gambles: study

People make riskier decisions when they're given more choice, according to a study into how we behave when faced with large amounts of information.

What’s more, while our choices about risk invariably feel right when we make them, many of these decisions end up hurting us in the end.

The researchers set up a gambling game where players were rated on their decision-making when faced with a large number of potential wagers. The result was that people took riskier gambles when they mistakenly felt that there was a higher probability of winning big.

The problem is that most of us don’t sample any given choice enough to understand the consequences associated with it, the study suggests. This leads to taking riskier choices more often.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...