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Dec 17, 2024 | 
moneysense.ca | Michael McCullough |Michael Mccullough
People who spend more than they earn (accumulating debt)People who spend all that they earn (saving nothing—breaking even)People who save 2%, 5%, 10% or even 20% or more (growing savings)We’ve seen $50,000 earners who save 20% of their income ($10,000), $100,000 earners who save just 5% ($5,000), and people earning well into six figures annually who save nothing or are adding debt. Suppose that you currently earn $50,000 per year and spend all of it.
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Nov 19, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: As industries go, the mining and commodities sector can be somewhat averse to change. That makes this corner of the economy fertile ground for digitization, which was the thinking behind the founding of Vancouver-based MineHub Technologies (TSXV:MHUB) in 2018.
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Nov 5, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: Gold has sucked all the air out of the precious-metals space this year with its 33-percent rise to new record-high prices. But some argue its poor cousin silver, which has risen 45 percent, has more upside. Over the past quarter century, gold has averaged 68 times the price of silver per ounce; currently, the ratio is 80 times, suggesting that silver could play some catch-up. Plus, among other things, silver is used to make solar panels, a growth sector.
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Oct 8, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: Is the economy looking up or turning down? In the past, a good indicator was sales volume at Burnaby-based Ritchie Bros. Auctioneers, now known as RB Global (TSX,NYSE:RBA). The company was famously countercyclical because it dealt in used heavy equipment that construction and resource companies were likely to unload whenever they were in financial difficulty or saw trouble ahead.
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Oct 4, 2024 | 
moneysense.ca | Kyle Prevost |Lisa Hannam |Jonathan Chevreau |Michael McCullough |Michael Mccullough
Investing National Bank moves up, Carnival cruises on while Nike lags, Dockworker strike postponed until January, and utility stocks back in vogue. Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. According to this week’s earnings, we would rather cruise than run—when wearing Nike shoes at least.
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Oct 1, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
British Columbia goes to the polls for the first time in four years on October 19 to elect a new provincial government. Are you registered? Here we provide some statistical context for this exercise in democracy. 51% of BCers surveyed in a March 2024 Angus Reid Institute poll said it was time for a change of government.
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Sep 24, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: Since Vancouver-based Lithium Americas split in two a year ago, the focus has been on the eponymous American spinoff, focused on developing the largest known lithium deposit in the U.S., Nevada’s Thacker Pass. That was the company that General Motors opted to back to the tune of US$650 million in return for guaranteed supply of the key automotive battery ingredient. But Thacker Pass is still years away from producing any lithium.
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Sep 10, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: Markets are weird. Oftentimes, when a company faces a choice to fish or cut bait, investors will favour the latter, in the form of sitting tight and buying back its own shares, even though it’s ultimately reinvesting profits in operations, expanding production and improving competitive position that builds shareholder value. This week, Methanex Corp. (TSX:MX, NASDAQ:MEOH) chose to fish.
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Sep 6, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
There are approximately 85,000 registered charities in Canada:77 percent of them take in less than $500,000 per year59 percent have no full-time staff1. An anonymous donor gave $33.8 million to the VGH + UBC Hospital Foundation in 2022 to support multiple sclerosis research and care, the world’s largest known donation to fight the disease. 2.
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Aug 27, 2024 | 
l8r.it | Michael McCullough |Michael Mccullough
The stock: Gold keeps notching new highs this year. How best to take advantage of a rising gold price continues to be a matter of debate, however. Some say it’s better to invest in bullion directly—a strategy that offers diversification benefits but also drawbacks such as security, insurance and/or management fees. Others favour investing in gold mining companies, which come with their own risks. But, if well managed and capitalized, gold companies can also add value on the upside.
