Posted on: 20-04-09 11:13:36
thanx pratickm, I will certainly look into it.
pratcikm, need another favor, i want to know what are the other options available in the Finance career in Canada. You can say, in this i am bit naive...
Your help will be of great help. Thanx once again.
Quote:I'm not a finance person, but in general this is a wide field to choose from.
Originally posted by silverlining0123
pratcikm, need another favor, i want to know what are the other options available in the Finance career in Canada. You can say, in this i am bit naive...
Depends on your previous qualifications and background.
If you are a CA from India, it might make sense to continue down that path and get the CPA qualification here.
If you don't have any formal CA qualifications but just a finance/accounting background, then you can look into CGA, CFA, etc.
You could also become a freelance financial consultant by doing the securities certification and become a certified financial planner and work for mutual fund or investment companies.
The other option is to go into the tax side of things and become a tax auditor or advisor.
There are courses you can take to become a tax or financial auditor.
A good start could be to start checking out the course catalogs of some of the professional colleges and universities here like Sheridan College, U of T, etc.
You can speak to the counselors in the colleges to gain a better understanding of what each course is and what type of job opportunites it maps to.
Depends entirely on your background and whether you want to continue on the same lines or do something new.
Good luck !
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Buying TIM, UTS stocks makes any good return on long term?
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Clinton
What can be a better option to park some extra funds if one is looking into short term (4-8 months)?
Corporate Bonds ETF:
http://ca.ishares.com/product_info/fund_overview.do?ticker=XCB
Preferred Shares ETF:
http://www.claymoreinvestments.ca/etf/fund/cpd
BTW, in the last 10 years both bonds and preferred shares have outperformed the TSX index.
Cheers,
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Both preferred shares and corporate bonds have been beaten up recently because of the high risk of credit default.
IMO, that risk remains even though unit prices for both types have slightly recovered recently because of joint actions by governments and central banks.
Interest rates are not likely to change significantly in the next 4 months so you are likely OK with either option i.e. the interest rate risk is not a big factor in your case.
The other type of risk is that of credit default, or rather the market perception of credit risk default.
Bonds are generally better protected against credit risk than preferred shares.
The companies in both the XCB and the CPD are more or less the same so the XCB appears to be a better choice (safety of debt vs equity).
The other option you can consider is the XLB.
That one holds best quality (i.e. federal and provincial govt.) long-term bonds.
There is no credit risk with this holding and the distributions are about the same as the XCB.
The distribution dates for both the XCB and the XLB are the same.
If you hold for 5 months, you will get 2 distributions - one in June and one in Sep.
The difference in distributions are very small compared to the relative risks of the XCB.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Partick,
Like always, you are advice is very much appreciated.
Thanks man!
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
there are so many good people in this site . I almost read all post during late hours. I always pay more attention for patrickm , fifi postings. Most of the time they reply
immediately with valuable information and advice
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Clinton
