Month: December 2022

Passive Income: 3 Dividend Stocks That Are Too Cheap to Ignore – Yahoo Canada Finance

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Image source: Getty Images

Written by Andrew Walker at The Motley Fool Canada

The stock market correction is giving investors a chance to buy top TSX dividend stocks at discounted prices for portfolios focusing on passive income.

BCE

BCE (TSX:BCE) is Canada’s largest communications company with a current market capitalization of close to $54 billion. The company gets the majority of its revenue from mobile and internet subscription services. These are needed by households and businesses in all economic conditions, so BCE should be a good stock to own through a recession, although its media division could s…….

Passive income

5 ways to earn passive income – Fortune

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Passive income is a source of extra cash you can earn with minimal ongoing effort. While earning money this way requires some upfront setup (and sometimes, a monetary investment as well), once you have a side business or source established, you can bring in consistent money month after month.

There are many ways to earn passive income. You can earn it by investing, renting various assets out to others, leveraging advertising opportunities, or just monetizing the knowledge and skills you already have. Even sharing your photos of your favorite trips can be a way to earn extra cash if you do it right. 

5 ways to ea…….

Passive income

Investing Advice for 2023, Why It Will Be ‘One of the Greatest Years’ – Business Insider

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Millennial Money founder Grant Sabatier thinks 2023 is going to be a great year to invest.
Everything, from stocks to real estate, will be on sale. 
It also could be a great time to buy businesses, as many boomers who own them will be retiring.

Grant Sabatier grew his net worth from practically nothing to seven figures by sticking to a simple investing strategy: saving the majority of his income and stashing most of it in index funds.

“It’s not lost on me that I started investing in 2010,” noted Sabatier, who was able to quit his…….

Financial independence

What to Expect in 2023’s Housing Market – The New York Times

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Still, the market has been steadily cooling for months. From the beginning of September to the end of November 2022, rents saw the sharpest three-month drop since 2017, when Apartment List first started tracking such data.

The national median rent is now $1,356 a month, according to Apartment List. Heading into 2023, renters will have more options than they’ve had in a long time, with new housing units coming onto the market and less competition.

Rental construction was up almost 18 percent from January through November 2022 compared to …….

Housing market

Stocks Have Their Worst Year Since 2008 – The New York Times

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Neither the S&P 500 nor Tesla has since reached the heights they achieved on Jan. 3. The S&P 500, which finished lower on Friday, declined 19.4 percent for the year — its worst annual performance since 2008. Cryptocurrency giants like FTX have fallen, and debt is no longer cheap.

Inflation F.A.Q.

Card 1 of 5

What is inflation? Inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. It is typically expressed as the annual change in prices for everyday goods and services such as food, fu…….

Stock market

Stocks fall to end Wall Street’s worst year since 2008, S&P 500 finishes 2022 down nearly 20% – CNBC

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Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.

The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.

…….

Stock market

Solana’s slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022 – CNBC

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Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021.

Jakub Porzycki | NurPhoto | Getty Images

Solana was touted as the cryptocurrency that would challenge ether with an eco-friendlier approach, faster transaction speeds and more consistent costs.

Investors who made that bet had a miserable year. The token’s market cap collapsed from over $55 billion in January to barely above $3 billion at year-end.

Among Solana’s biggest problems in late 2022 was its close relationship to FTX founder Sam Bankman-Fried, wh…….

Cryptocurrency

My 5 Favorite, Undervalued Investments For Year-End 2022. – Seeking Alpha

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naphtalina/iStock via Getty Images

Dear subscribers,

It’s been a very exciting sort of year, looking at the current Christmas period and going back 12 months. Certainly, there’s been a lot of horrors – and that horror has been unusually close to home, with war having broken out in Europe again. I’ve been blessed with being removed from anything immediately dangerous myself, living in Sweden and Germany, but the impact of things has still been around in both of these nations – and almost every European nation. Things have certainly changed for the worse in the past 12 months.

<p class="paywall-fu…….

Investments

FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention – CNBC

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FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022.

Ed Jones | AFP | Getty Images

Of the billions of dollars in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two companies, according to the Securities and Exchange Commission, which charged founder Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors.”

Through its FTX Ventures unit, the crypto firm in March invested $100 million in Dave, a fintech company that had gone public two months earlier through a special purpose acquisition company. A…….

Investments

5 tax and investment changes that could boost your finances in 2023 amid economic uncertainty – CNBC

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1. Bigger contribution limits on retirement accounts

If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual retirement account.

In 2023, the employee deferral limit is $22,500, up from $20,500, and catch-up deposits for savers age 50 and older jump to $7,500, up from $6,500. These increases also apply to 403(b) plans, most 457 plans and Thrift Savings Plans.

“That’s a big change for a lot of people,” said certified financial planner Brandon Opre, founder of TrustTree Financial in Huntersville, North Caroli…….

Personal finances