WilliamMLeighty634 blog

Supply shortages, higher demand, low interest rates — by now we all know the story of high inflation in Canada. As of writing this, inflation continues to climb upward, clocking in at 5.1% in January — the highest it’s been in 30 years. Inflation makes people do weird things with their money, like buy gold and crypto (not guaranteed inflation hedges, by the way). It has a way of inducing panic, and we all know how panic affects our money decisions: badly. If you’re feeling a dose of inflationphobia right now, here are four money mistakes you should avoid making. 1. You hold on to large wads of cash Now, don’t get me wrong. Holding lumps of cash can serve a purpose. It could be an emergency fund. Or it could be a down payment on a home. In these cases, you don’t want to risk losing your cash, and it’s okay to hold them in a savings account. Aside from these, however, holding on to cash in high inflation is a bad idea. Not a single savings account will help your cash pace with ...

Galaxy Digital Holdings (TSX:GLXY) announced Monday strong third-quarter results, driven by increased crypto adoption and higher trading income. Galaxy Digital is an asset-management firm operating in the digital asset cryptocurrency and blockchain technology industry. Crypto industry is booming Galaxy Digital saw its net comprehensive income reach $517 million Q3 2021. This is an increase of 1.146% from $41.5 million in the third quarter of 2020. The increase in net comprehensive income is primarily attributable to realized and unrealized gains on digital assets and investments, along with a strong contribution from its trading business. It was partially offset by rising operating expenses. In addition, Galaxy said this year’s fourth-quarter net comprehensive income is currently $400 million for the period of September 30 to November 12. That brings the company’s profits so far this year to $1.2 billion. Galaxy’s results reflect a booming crypto industry with areas such as...

Canadian retirees and other TFSA dividend investors are searching for top TSX stocks that pay reliable and growing distributions. With markets expected to be volatile in the coming months, it makes sense to search for stocks that have limited exposure to geopolitical risks. BCE BCE (TSX:BCE)(NYSE:BCE) reported solid Q4 and full-year 2021 results. Canada’s largest communications firm saw revenue and adjusted EBITDA essentially return to pre-pandemic levels in 2021. Adjusted net earnings rose 6% to nearly $2.9 billion in 2021 compared to the previous year. Operating revenue increased 2.5% and adjusted EBITDA rose 3%. BCE generated $3 billion in free cash flow in 2021. That was down 10.5% compared to 2020 as a result of a large jump in capital expenditures. BCE invested $4.8 billion in new network infrastructure and other capital initiatives in the year compared to $4.2 billion in 2020. Management has a positive view on 2022. BCE expects to extend its fibre-to-the-premises pro...

Air Canada‘s (TSX:AC) stock price rose more than 3% since its 2021 earnings release on Friday, as the battered airliner’s recovery is gaining momentum. The last two years have been brutal for Air Canada and its stock price. There was nothing that could have prepared this airliner for the challenges that the pandemic brought. But Air Canada’s 2021 earnings have brought hope. Are things finally changing? Are we finally seeing reasons to buy into Air Canada stock? ir Canada’s stock price rises, as Air Canada sees demand returning and gaining momentum Advance ticket sales increased almost $400 million in Q4 and reached 65% of pre-pandemic levels.Air Canada cargo reported record revenue of nearly $1.5 billion.Air Canada vacations saw a significant return of business with bookings at pre-pandemic levels.EBITDA of $22 million was modest but represents the first positive EBITDA in seven quarters. What happened in 2021? 2021 wreaked havoc on Air Canada stock price. But in the third q...

Many Canadians dream of retiring as millionaires. Unfortunately, most dreamers limit their dreams to being daydreams rather than taking proactive measures to fulfill those dreams. Retiring a millionaire is a dream that many people can achieve. Stock market investing with a consistent, patient, and disciplined approach can help you unlock the potential for wealth growth that could see you retire as a millionaire. From taking advantage of tax-advantaged accounts to dividend investing with the right income-generating assets, I will discuss three simple investing tips that can help you become a millionaire. 1. Use tax-advantaged accounts A proper retirement plan to generate significant savings for your retirement nest egg is a crucial part of achieving your long-term financial goals. Canadian retirees have access to the Canada Pension Plan (CPP) and Old Age Security (OAS) pension programs to earn retirement income. However, these pension programs are designed to only partially repl...

Warren Buffett did the unthinkable similar to his move a year ago. He said gold has little or no value, but his conglomerate took a position in Barrick Gold. However, the holding period was no longer than a quarter. News broke out last week that in Q4 2021, Berkshire Hathaway increased its investments in Nubank. The Brazilian bank is one of the early providers of crypto-linked exchange-traded funds (ETFs), specifically Bitcoin (CRYPTO:BTC). Buffett once called BTC rat poison, but it seems the GOAT of investing is now a crypto bull. Nubank went public in late 2021, and its shares trade on the New York Stock Exchange (NYSE). Indirect exposure Nubank’s valuation climbed to over US$40 billion after raising around US$2.6 billion from its U.S. IPO. Berkshire put in US$500 million before the NYSE listing then doubled the amount after. While the investment is an indirect exposure to cryptocurrency, the change of heart is surprising.   According to some analysts, Buffett sees the cryp...

Geopolitical tension gripped global financial markets last week, sending shock waves to stock exchanges. The S&P/TSX Composite Index closed lower on February 18, 2022, after two consecutive weekly gains. Canada’s primary stock benchmark lost 540.60 points in five trading days to close lower at 21,008.20. The index is down 1.01% year-to-date and faces more uncertainties ahead due to the Russia-Ukraine border crisis. Nations involved are exhausting diplomatic efforts to prevent a military conflict. Now, the case for a bear market is getting stronger. Technically speaking, the stock market enters a bear market when its drops 20% or more from recent highs. Individual stocks may also experience sharp declines and cause panic. However, many investors stay on instead of pulling out. Among the go-to stocks is the Bank of Montreal (TSX:BMO)(NYSE:BMO). Canada’s first bank is a safe harbour for its resiliency to endure economic downturns and recessions. Developing bear market      T...