Posts

Showing posts from April, 2013

Lessons We Can Learn From The Stock Market Crash and Recovery

The Dow Jones Industrial Average closed at 14,700.80 today which is just off its all-time high. It has surpassed where it was before the 2007 financial crisis. It took about 6 years for the market to get back to even and the lesson here is that investors who are in it for the long term (10 years or more) usually do okay. When the market started crashing in late 2007 all the way through 2009, a lot of investors left the equities market and went into bonds or GICs. While it is prudent to protect your capital, the problem is, these same investors were slow to get back to the market. At its peak in 2007, the Dow Jones was at 14,093.08 and went down as low as 6626.94. It’s impossible to time the market and nobody knew 6547.05 would be the bottom of the market. But as the market started coming back from the low, investors were still sitting in bonds and GICs. When the Dow Jones hit 8,000, people were still in the sidelines waiting and being cautious. At 10,000, people start

Replacing lost or stolen documents and identification from your wallet

Here are some helpful information on who to contact from the Richmond RCMP in case you lose some of your IDs. Birth Certificate* Call Vital Statistics: 250-952-2681 (Victoria) or visit: www.vs.gov.bc.ca/births/certificate.html Driver’s License Replace your license in person at any driver licensing office. You will need to bring: one piece of primary and secondary identification and the replacement fee of $17.00 Passport Call: 1-800-567-6868 or visit: www.passport.gc.ca/planification/203.aspx?lang=eng Medical Services Plan card Health Insurance BC 604-683-7151 (Vancouver) or 1-800-663-7100 Auto insurance papers Contact your auto insurance agent. Citizenship papers Call Citizenship and Immigration Canada: 1-888-242-2100 or visit: www.cic.gc.ca/english/information/applications/guides/5545E2.asp Permanent Resident Card “Landed Immigrant” Card Call Citizenship and Immigration Canada: 1-888-242-2100 or visit: www.cic.gc.ca/english/information/applications/prcard.asp