If you feel an urge to sell a stock because it has been performing well for a few years, lie down till the urge goes away. If you give in to it, you may deprive yourself of even bigger gains in the future.
By Fund Library News Wire | Friday, April 24, 2015
* Nasdaq leads stock gains.
* Sprott bids US$900 million for gold and silver trusts.
* Nasdaq leads stock gains. The Nasdaq Composite Index led weekly stock advances among the major indexes last week, posting a week-over-week gain of 3.25% as well as another record close on Thursday. Positive quarterly earnings reports from the tech sector propelled the index to new highs, while both the S&P/TSX Composite Index and the S&P 500 Composite logged slightly lower gains on the week.
Q – The 2015 federal budget raised the annual TFSA contribution limit to $10,000. I’ve already contributed $5,500 this year, so does that mean I can contribute another $4,500 this year? And how does this affect future contribution room? – Meli M., Markham, Ontario
Tax breaks and economic incentives have been peppered throughout Canada’s federal pre-election budget document, which was tabled on April 21, with savers, seniors, and small business corporations emerging as big winners. Here’s a recap of the highlights.
It doesn’t get much better than this folks. The four-time FundGrade A+ Award-winningSentry Canadian Income Fund is one of the best income funds on the market right now. Managed by the Sentry team of Michael Simpson and Aubrey Hearn, the fund has delivered consistent first-quartile returns, most recently posting a 3-year annual compound return of 14.3% as of March 31. Part of the reason is the fund’s exposure to U.S. securities, which hasn’t always been the case.