Back in January, Moneysense magazine published their stock picks for the year. They used a variety of factors to evaluate a large group of stocks – mainly financial ratios, prior year returns and asset growth.
Here are their top Canadian picks for 2014 and how they are performing so far. (Keep in mind this shows the performance so far in 2014 and doesn’t include dividends).
|Symbol||YTD Return (%)|
|Ensign Energy Services||ESI||-4.24|
|Genworth MI Canada||MIC||7.67|
|Sun Life Financial||SLF||0.72|
Average Return: 3.86%
In case you missed it, I’ve joined Stephen’s team at How to Save Money and my first post there discusses my simple strategy on maximizing Air Miles. Stay tuned for more in the future!
I was also mentioned in Robb’s site called Earn Save Grow discussing how to use dividends to save on taxes. One of the easiest ways for a small (incorporated) business to save on taxes is to name a spouse as a shareholder and then pay him/her dividends. Lots of factors come into play when tax planning but basically the dividends given to a lower income spouse will reduce taxes because his/her marginal tax rate is lower.
A big congrats to Canadian Budget Binder for eliminating his mortgage! We plan on eliminating ours as well in the future but with interest rates so low it’s tough to make it a priority.
Speaking of mortgages: Investors Group recently announced a record-low variable rate mortgage of 1.99% – with lots of fine print.
Best news of the week: J. Money from Budgets are Sexy proudly introduces his newest family addition – “J. Nickel” – the 4th family member. Congrats to him and his family!
Here are 10 ways to save on your wedding day courtesy of Money on Trees. Some simple, practical yet often overlooked tips here.
Financial Diffraction is contemplating a career change and possible move. Should she go? Either way, I did point out that the expenses directly related to the move are tax deductible.