By Fund Library News Wire | Thursday, March 23, 2017
Investing may seem like a daunting task. There appears to be so much we
need to know. However, much like planning a trip, buying a home, or looking
after our health, the key to successful investing is having the right
information, a well-constructed plan and, often, the right advice. Yes,
this takes effort when we might rather be doing something else, but once
the planning is complete, we’re on our way.
Dividends have been shown to be a key contributor to the long-term returns
of equity funds, and the
BMO Monthly High Income Fund II
is one of the stronger Canadian dividend fund offerings out there. Managed
by the team of
Michelle Robitaille, it invests mainly in high-yielding common equities and real estate
investment trusts (REITs).
– I have a good dividend-paying stock and would like to move part of it
into a TFSA, where I have accumulated a few years of contribution room, and
the remainder into my self-directed RRSP, to which I haven’t contributed
for years. If my intention is to reinvest the money back into the same
company, but under both the TFSA and the RRSP umbrellas, am I making a
sensible move, or should I leave things as they are? I’m 60 years old and
drawing a pension. My spouse won’t retire for another five years, and we
manage well with our combined incomes for now. – Monica D.
The U.S. dollar index is at a critical crossroads, recently surging to a
14-year high as investors bet that U.S. President Donald Trump’s
eye-watering fiscal expansion will prove a replay of early 1980s
Reaganomics. A cozy consensus is calling for an even higher U.S. dollar.
Yet since the start of 2017, the dollar index has lost its upward momentum.
Is an inflection point approaching?
By Fund Library News Wire | Friday, March 17, 2017
By Mike Keerma
* Stocks flatten out.
* Improving U.S. economic outlook.
Canadian job gains in February.
* (Canada) Goosing the stock.
* Stocks flatten out.
The major North American indices ended pretty much flat on the week, as the
U.S. Federal Reserve Board’s Open Market Committee on Wednesday raised its
benchmark federal funds rate to 1.00% from 0.75%, reflecting robust job
creation and employment rates as well as a 2% inflation rate that is near
the Fed’s target. Toronto’s
S&P/TSX Composite Index
dipped -0.1% below breakeven on the week, weighed down by declines in
financial and resource stocks. U.S. blue-chip
S&P 500 Composite Index
edged up 0.2% on the week, while the
Nasdaq Composite Index
gained 0.7%, putting the tech-weighted gauge ahead 9.6% year to to date.
gained 2% on the week, as bond yields inched down, and
gained 0.6% but remained below US$50/barrel on the week.