Posts Tagged ‘Auto Finance’

Year End Financial Checklist

Tuesday, June 22nd, 2010


Are you in control of your financial future? This checklist can help ensure you are in the driver’s seat.

Cash flow needs

  • Establish a budget to track income and expenses to uncover any potential surplus for investment.
  • Where you have cash flow shortfalls, review discretionary expenses and determine areas where you can cut back.
  • Establish an emergency fund or approximately three month’s worth of expenses. Or, establish a personal line of credit.
  • Take advantage of any pre-payment options on your mortgage.

Estate needs

  • Review your Wills and Powers of Attorney once every three years (or more frequently if appropriate) to ensure your estate will be distributed according  to your wishes.
  • Prepare Powers of Attorney (both General and for Personal Care).
  • Review beneficiary designations on RRSPs, RRIFs, and life insurance policies.

Insurance needs

  • Review your level of life insurance coverage to ensure that your family will be taken care of in the event of your death.
  • Review your disability insurance – is it adequate?
  • Ensure that coverage for your home, dwelling, and contents reflect their true replacement value.

Retirement needs

  • Review and update your retirement plan to ensure that you stay on track to realizing your retirement goals.

Fort Mc Murray Alberta Auto Finance

Winnipeg Auto Finance

Auto Transport Montreal  and Car Carrier GTA Ontario

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Principles of Economics

Thursday, April 1st, 2010


Product; secondly, that the firm adopts the course of action which will maximize its profit. In practice neither of these assumptions is strictly true. Some firms can not even predict with assurance how their costs will vary with changes in output. Furthermore, while a firm in a perfectly competitive industry may know exactly what the demand is for its products, a monopolistic or oligopolistic firm can only guess. The competitive firm knows that it can sell as much as it cares to at the market price; the monopolistic firm must estimate how much the public will buy at the price it sets. Furthermore a business man in any industry, competitive or monopolistic, may have other objectives than maximization of his profits; he may therefore quite deliberately refrain from following the course of action which will yield him the highest net income.

Forex  Learn

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Significance of the Price-Marginal Cost Ratio

Sunday, March 28th, 2010


The temptation to shade the price in order to make an extra sale will be particularly strong where fixed costs form a very large proportion of total costs, and marginal costs are very small. If the selling price is set on the basis of average total cost, then it will greatly exceed marginal cost.

It may happen of course that all the increase in sales gained by a price cutting firm is at the expense of just one or two other firms near by. In that case they may find it necessary to match price cuts. Another group of firms may be affected in turn by their price cuts. For example, one filling station located on a particular street may reduce the price of its gasoline. Nearby stations are obliged to match the reduction. But when they cut their price, other stations near them, but far from the original price cutter, are obliged to match  the reduction. A further group becomes affected, until by such a series of chain reactions, all filling stations in the area wind up selling at the low price.

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The Government Can Print the Money

Sunday, March 7th, 2010


Another way to raise the funds for federal budget deficits is to create new money (the popular term is print money) for the government to spend. While a growing economy requires a larger volume of money in circulation (called the “money supply” by economists), it is dangerous to increase the money supply too quickly. The inevitable result of such a policy would be severe inflation, as the excessive amount of money in circulation forces prices up rapidly. Thus, while it may be tempting for the government to simply “print money” to finance its budget deficits, this should be done only within limits, so as to avoid increasing the money supply by more than the economy can absorb without rapid inflation.

*The government does not actually physically print new money for itself to spend. The process is more subtle than that, and will be examined in detail. However, the economic effects of such a policy are such that it can reasonably be described as “printing money.”

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Portfolio Strategy

Sunday, February 28th, 2010


An inflationary environment is very difficult for all financial assets. It is hardest on fixed income, since interest payments are fixed on the bulk of debt securities. Equities have in the past shown an ability to generate positive rates of inflation-adjusted, or real, return in inflationary environments, due to the ability of corporations to pass on at least some of the increases in input costs to selling prices. However, equities too have a much more difficult time in periods of increasing inflation.

In light of the inflationary backdrop, we have encouraged investors to reduce holdings of bonds, which do very poorly in inflationary environments.

Forex  Learn

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Stabilizing the Economy: Government Fiscal Policy

Sunday, February 14th, 2010


Rather than merely hiring the unemployed to do work of little value. For example, tax cuts increase consumer spending, which stimulates many industries. Also, the effects of government spending (such as on a public works project) will spread, via the multiplier effect, through the economy, increasing consumer spending, too. Also, by generating a more favorable economic climate, these efforts by the government can result in increased business investment spending. Thus, the effects of budget deficits designed to stimulate employment will be felt all through the economy, from the toy industry to the construction industry – not merely in the hiring of the unemployed by the government.

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