dreams & money - november 2011 issue 2

25 NOVEMBER 2011

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INSIDE

STORY TIME

Market View& Outlook

Guarding your wealth

9

7

10

The Dot Mantra 9

5

Trading Foreign Currency

ntario Finance Minister Dwight revenues appear ready to take a big hit.predicted slow economic O The ministry forecasts revenues for

growth and dwindling revenues for 2011-12 will be $443-million lower Ontario in his annual economic forecast. than projected in the 2011 budget.

Ontario's deficit is now pegged at That means if the Liberals can't find $16-billion. Duncan said that with an ways to trim spending, the deficit will uncertain global economy Canada's increase.largest province is facing increased

Duncan said the 2011-12 deficit will pressures.be $16-billion. That's down from the

He said economic problems follow- $16.3-billion forecast in last year's ing the tsunami in Japan, a spike in oil budget, but $1-billion higher than the prices and the slow recovery in the Liberals said it was just before the Oct. 8 United States — the province's largest provincial election.trading partner — are affecting growth

Eliminating the deficit entirely, in Ontario.Duncan said, will require a "fundamen-

The Ministry of Finance said in a tal reform of the delivery of public background note that real GDP is services."projected to grow by 1.8 per cent in

A large part of the reduction will 2012, 2.5 per cent in 2013 and 2.6 per come from deep cuts to the Ontario cent in 2014.public service, other than health care

And with slower than expected and education.economic growth, the province's

he value and number of homes said.sold in Canada increased again T On the price side, there were also

in October, but at a much slower pace gains. The average price of a Canadian than in recent history. home sold on the Multiple Listings

T h e C a n a d i a n R e a l E s t a t e Service (MLS) was $362,899 — 5.5 per Association said home sales rose 1.2 per cent higher than where it was a year ago.cent in October, on the heels of a 2.5 per The price gains are being driven by cent gain in September. That puts real large increases in a few local markets.estate sales at their highest level since

“Consumer confidence and the January, but the agency says activity is housing sector are being supported by "still best described as average."low interest rates and high employment

A total of 397,561 homes have levels," said CREA's chief economist, traded hands this year, the agency Gregory Klump, "but their

prospects depend on how C a n a d a ’s e c o n o m i c o u t l o o k e v o l v e s i n r e s p o n s e t o g l o b a l economic r i sks and outcomes in the months ahead."

About 60 per cent of local markets in Canada were in balanced market territory in October. Of the remaining markets, there was a handful more sellers markets than buyers markets, CREA said.

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bought one of my books and to Amazon, for giving me a place to share my books," said Hocking. "None of this would have been possible without you."

Hocking signed a four-book contract with traditional publisher St. Martin’s earlier this year for an estimated $2 million, but continues to self-publish some of her books and sell them through Amazon and other e-bookstores.

Since its launch in 2007 Kindle Direct Publishing ( KDP)

Self-Published author, had sold over 1 million copies of her e-books. She is just now being added to Amazon’s “Kindle Million Club,” along with traditionally published authors David Baldacci and Stephenie Meyer.

According to Amazon, Hocking is the second self-published author to sell over 1 million paid copies of her books on Kindle, after John Locke.

t's a self-publishing success story Hocking said in March this year that Irarely told. After over 50 rejec- she had sold one million e-books tions from agents and publishers, overall, on all platforms. She just Hocking found an audience online. She recently hit this milestone in the Kindle writes young adult paranormal romance Store.and urban fantasy mostly.

“I'm so grateful to everyone who has Amanda Hocking, the 27-year-old

Turn Pg.2

27One-millionth Sale

- Year- Old Self-Published Author Makes Kindle

House Prices Rise Slowest Pace At Since January

Ontario growth faces slow

2

25 NOVEMBER 2011 MONEYDREAMS &

Allan Lutfy, who presided over the Every judge is accountable for his or petroleum industry. He was named federal court until September 2011, airs her decisions in several ways, he said, associate chief justice in 2000 and his views, in his first media interview the most important being the need to became chief justice when the Federal since being named chief justice eight issue written reasons. Court was split from the Federal Court years ago. Here are some selected of Appeal in 2003.“We have to explain ourselves. We portions. have to say why a decision-maker got During his time on the court, its role

All judges on the Federal Court of something wrong or got something in judicially reviewing decisions by the Canada, regardless of who appointed right. If a judge is giving reasons that are federal government and its tribunals has them, work in an independent, princi- not good, sound legal reasons, that expanded greatly and is now its princi-pled fashion, free of the ideology of any judge will be held accountable over time pal mandate. “It’s the place where government. 11 judges were appointed through commentary from the media, people in Canada, citizens and others, by Conservative prime ministers — through commentary by colleagues, by come to seek relief when they feel they mostly by Stephen Harper and 22 judges submissions from counsel and decisions need remedy with respect to a decision were appointed by Liberal prime from the Court of Appeal.” made by the federal government in their ministers. regard,” Lutfy said.Lutfy firmly rejected suggestions

“Never underestimate the That sometimes results in value attached by each judge to decisions that anger the their judicial independence,” government. “There’s always a Lutfy said. “They don’t want to creative tension between the know what the corner office is decision-maker and those who thinking about a case. It is are reviewing the decision,” irrelevant to them.” Lutfy acknowledged.

Asked about the apparent “But we’re all profession-variation in decisions made by als. If we intervene and explain L i b e r a l - a p p o i n t e d a n d the reasons for our intervention C o n s e r v a t i v e - a p p o i n t e d clearly, then it seems to me that judges, Lutfy conceded that anybody who’s interested in every judge “brings baggage to the good administration of the court. We bring our justice, whether they’re doing baggage of life experience, our the review or being reviewed, human experiences as adults and our that judges grant leave to only a small should welcome the outcome.”experience after years of being a judge.” percentage of refugee cases as a way of The Internet has also affected how

limiting the number that make it onto the Despite that, he said, “I am con- the court works. It’s important for Federal Court docket. “None of this is vinced that each of my colleagues does judges to understand conditions in driven by docket control,” he insisted. “I what they do keeping in mind their oath countries where the government believe to my gut that that has nothing to of office.” proposes to deport failed refugee do with anything.” claimants or people ruled inadmissible, If judges appointed by Harper

Lutfy was appointed to the Federal Lutfy said.intervene less often than judges Court in 1996 by Jean Chretien. Prior to appointed by Liberal prime ministers, He has himself used Google to find that, he practised civil litigation and “so be it,” Lutfy said. “Each is doing the most up-to-date information. “Some administrative law and acted as counsel their work in a principled fashion, of my colleagues would be scandalized before commissions of inquiry on always keeping in mind their duty to get that I acknowledge that I do that.”national security, the use of drugs in it right to the best of their ability.” Generally speaking, Lutfy said, sports and the state of competition in the

27 - year- old Self...

From Pg.1

has provided a fast, free and easy way for authors and publishers around the world to make their books available in the Kindle Store. In addition to the more than 2 million books sold by John Locke and Amanda Hocking, 12 KDP authors have sold more than 200,000 books and 30 KDP authors have sold more than 100,000 books.

Kindle books are "Buy Once, Read Everywhere" - on Kindle, Kindle Touch, Kindle Touch 3G, Kindle Fire, on the web with Kindle Cloud Reader, and free Kindle reading apps for iPad, iPhone, iPod touch, PCs, Mac, Android phones and tablets, BlackBerry and Windows phones.

The Kindle Million Club now has 14 members. They are:

Amanda Hocking

Stephanie Meyer

David Baldacci

Stieg Larsson

Janet Evanovich

James Patterson

Nora Roberts

John Locke

Charlaine Harris

Lee Child

Suzanne Collins

Michael Connelly

Kathryn Stockett

George R.R. Martin

governments have given the Federal Court the resources it needs to keep up with its growing workload. A decision a decade ago to expand the court’s complement from 20 full-time judges to 33 was “pivotal,” he said, though no funding has ever been provided for two of those positions.

That has allowed the Federal Court to provide access to justice in a timely way, Lutfy said. “You don’t wait for a year or two to go before the judge for a two-hour application for judicial review. That was the case. To the best of my knowledge, that isn’t the case in more recent years. We’re basically an up-to-date court.”

Though the Federal Court has an arms-length relationship with the government, Lutfy said the court engages in a “totally appropriate dialogue” with federal officials to review the court’s administrative needs. One result has been a computerized system that provides information about the court’s past, current and projected future workload.

“How can they agree with the court’s request for more judges in a responsible way, in an accountable way, without knowing what our inventory is?” Lutfy said. “There’s no question in my mind that this is the way the court had to go, and so far I think the outcome has been good.”

(Source: Ottawa Citizen)

Federal Court Political Influence Chief Justice Is Unaffected By , Says Former

The federal government is cutting Ontario." everyone at their best. I am urging the funds once again for immigration federal government to think twice and However, Ontario disputes the settlement services in Ontario where make the right decision.federal claim. Here's the Ontario community organizations are already minister's statement. Ontario is the destination of choice reeling from similar cuts last year. for more newcomers to Canada than any “I am disappointed and concerned

Ontario's loss appears to be the rest other province. More immigrants with the Harper Government's short-of the country's gain as every other settled in Ontario last year than the rest province and territory — except of Canada combined. That's been the Quebec which handles its own case for generations. Until now, immigration program — will get a however, they could count on a bigger share of a shrinking settlement Canadian government willing to do funding pie. what it takes to help them succeed.

Rick Dykstra, the parliamentary For two consecutive years, the secretary for immigration, said it's Harper Government has unfairly because more and more newcomers targeted newcomer settlement agencies are heading to other parts of Canada, in Ontario. Newcomer settlement particularly the West. agencies help these hard working

families learn language skills, find jobs, “Ontario's share of immigration and integrate into Ontario and Canadian has decreased from 64 per cent in 2005 life. I am concerned these unfair federal to 52 per cent in 2010, so our goal has cuts could force these valuable agencies always been . . . that the dollars follow to shut their doors, locking out new-where settlement is happening," he comers when they need help the most.said Friday."We have to be fair with sighted decision to cut support to

taxpayer dollars. We're not going to It is time for the Harper government Ontario's newcomer settlement agen-continue to increase funding at the to do the right thing and cancel cuts to cies. Those cuts will make it harder for levels of settlement that they were in newcomer settlement agencies. Jobs newcomers to find jobs and contribute 2005 and 2006 if those numbers are and economic progress are at stake, and to Ontario's economy, at a time of global down dramatically, and they are in failing to act will fail Ontario."uncertainty when Ontario needs

Immigration Denies Ontario? Politics Funds To

3

25 NOVEMBER 2011MONEYDREAMS &

WHAT IS A WILL?

MAKING A WILL

A will is the declaration by a person of his wishes or intentions regarding the disposition of his property after death, duly made and executed.

A Will therefore helps protect the people you care about. It spells out your wishes so that your family members do not have to make decisions they feel uncom-fortable with. It will save them the added grief when they need it least.

If you die without leaving a will, the laws of the country will determine what happens to your property after death. The process is lengthy, time consuming, and your relatives may never get what they need

sion. Nothing can be disposed of until or you anticipated they would probate is granted, except property held get.jointly with a spouse.

You can leave your property and When you die, your property (called possessions to whomever you wish your estate) must be properly adminis-subject to the legal rights of certain trated. Affairs must be wound up, family members. You can leave selected property and possessions passed to objects (furniture, jewels, paintings, relatives or friends or sold, debts and stamp collections, antiques etc) to funeral expenses paid, heirs given the particular family members or friends or benefits intended for them. A Will to charities.ensures all this is done quickly and

You may decide, for the sake of properly, in accordance with your simplicity to divide your entire estate wishes.into equal portions giving one part to a When you make your will you relative, one part to a friend and one part choose your executors whom you wish to your favorite charity.to administer your estate, people who

You may prefer to specify the can be relied upon to carry out your amount to benefit particular family wishes with understanding and compas-

The attorney gathered the entire money market accounts.family for the reading of the will. "To my neighbor and good friend, Relatives came from near and Fred, I leave my stocks.far, to see if they were

“And finally, to my cousin included in the bequests. The George, who always sat lawyer somberly opened the around and never did will and began to read:anything, but wanted to be

"To my cousin Ed, I leave remembered in my will, I say, my ranch. 'Hi, George."

"To my brother Jim, I leave my

m e m b e r s a n d “If I make a Will, I am tempting fate”friends. “I do not like seeing advocates”

“Making a Will costs too much”Whatever you “I might change my mind and want decide, it is essential

the Will altered”you include the residue (i.e. all that is “I have nothing worth leaving”left after specified bequests have been Advocates make far more money made) and that you say clearly how you

sorting out problems where there is no want the residue to be distributed. This Will, or sorting out badly made wills. is normally done by allocating the Making a Will usually creates fewer whole of the residue to one person or to a complications after your death, and charity, or by splitting it into equal allows you to include charities in your portions, giving individuals or charities specific wishes.a portion of each.

In short, even though there is no legal Unless you have mastered the obligation to make a Will, the cost of principles behind making Wills –get making one is not high, especially professional help. Your intentions may compared with the headache and be very simple, but the legal formalities confusion that may be caused after your and language required are complicated death if you leave no Will or a badly and need to be strictly followed. What drafted will. Hence you must make a may appear to be a trivial difference in proper will.wording could make a major difference

Sadick Keshavjee has authored a book legally.and lectured on wills for a common law

There are several reasons given why jurisdiction. Not only does he work with professionals but is linked up with 'Legal people do not make Wills –Shield” , an organization, listed on the NYSE

“It is all too legal and I do not that provides legal services and wills for understand it” individuals, that are unable or unwilling to

pay large sums for such services. “It is a chore – I will put it off until He can be contacted at next month”[email protected]

Why a Write WILL? by Sadick Keshavjee

4


Mobile technological devices, such as digital personal assistants (PDAs) and smart phones have made our lives more convenient. We can now send e- Before these advances in technol-mails, access the Internet, manage our ogy, our bodies moved as we used the schedules, and use spreadsheets and phone and the computer, we walked to

with your eyes and gently tuck other office software from our phones. the fax machine, and we flipped through your chin in, not forward.our calendars. Now we slump over a While this makes it easier to accom-

small screen with little change in our Ÿ Never pinch the phone between plish tasks without being tethered to an position. your ear and shoulder. Using a office, it has also increased the amount

headset reduces muscle fatigue of time we spend using these devices, Our bodies are made to move not to and frees your hands for typing or which is not without risks. maintain the same posture for long writing.periods of time. This doesn't mean you

have to sacrifice these modern conve- Ÿ Support your forearms on a niences for your health, but you pillow during extended texting to

should be aware of the risks and what reduce the strain on your neck you can do to minimize them. and shoulder muscles.

The bent-forward position common The ulnar, or funny bone, nerve among mobile device users increases wraps around the inside of your elbow. disc pressure. It also increases loads on Keeping your elbows bent can compress the muscles. This is similar to the faulty the nerve. As the nerve becomes forward position often used when irritated, you can experience pain, working on the computer. Remember numbness, tingling, and even weakness these tips: or muscle atrophy. The nerve sits close

to the surface and is also damaged by Ÿ Sit upright, keeping your ears external pressure. To prevent injury: over your shoulders. Look down

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B.Sc.(Hon.), D.C., M.Sc., C.H.N., C.C.R.D., C.N.M., A.C.R.B. 1, C.R.A.By Dr. George I. Traitses

U T Ssing echnology afely Tips to and Use

MinimizePDA Cell Phone

Ÿ Return only urgent e-mails on the PDA. Respond to other e-mails from your computer.

Ÿ Use key shortcuts (cut, paste, etc.) and abbreviations. Enter all contact info on the com-puter, and synchronize the devices to transfer the data to the PDA.

Ÿ Monitor the time spent on the phone or PDA.

Ÿ Avoid, or at least minimize, using word processing and spreadsheet programs on your PDA.

Ÿ Take breaks to stretch and shake out the hands.

Ÿ Turn the PDA off when possible! If it is on all the time, its more likely to be overused.

“Our bodies are made to move not to maintain the same stooped-over posture for long periods of time. Be aware of the risks involved with excessive use of PDAs or cell phones.

”Ÿ Minimize the time you bend the

elbows to hold the PDA screen up to see it. Instead of returning all your e-mails on the phone, wait until you can use the computer.

Ÿ Avoid leaning on the flexed elbow while talking on the phone or in the car.

Our thumbs are not made to quickly and forcefully press the small keys on cell phones to text and input data. Use the following tips to minimize the risk of injury:

Ÿ Alternate among using your thumb, index finger, and a stylus, if available. If your only choice is a stylus, change how you hold it. Switch between holding it like a pen and holding it between the index and middle fingers.

Ÿ Several multi-tip pens are available at office supply stores that enable you to switch between pen and stylus tips. This is a good option, as the barrel of the pen is thicker than a standard stylus and requires less force on the joints and muscles.

Minimize the use of scroll wheels as they often cause inflammation of thumb tendons. As technology progresses, there will likely be more tasks we can complete on our phones. While this is convenient, remember to take breaks and think about the effects on your body.

For more information on health and safety visit the Ontario Chiropractic Association Web site at www.chiropractic.on.ca or call 1877-327-2273.

416-499-5656

Like a Sore Thumb

Dr. George Traitses,

As the weather changes coats and the warm summer sun takes on a steely winter hue, nothing seems quite as inviting as a hot, comforting drink.

Unfortunately, those rich drinks often come with a dose of sugar and calories that your body doesn’t need.

For instance, take a medium-s ized cup of specialty mocha. With its whipped topp ing and chocolate curls, this fla-voured drink will set you back 400 calories – the same amount as a meal. Tea , on the other hand, has a zero count.

Luckily, there are a few simple steps you can take to warm yourself up without loading up on sugar and unnecessary calories.

ŸChoose water as often as possible. Water helps move nutrients and waste through the body, regulate body temperature and blood pressure, and protect and cushion joints and organs.

ŸInstead of fatty specialty coffee

Here are some tips to keep you warm and healthy this November:

specialty coffee drink, ask for less sweetener and syrup, as well as non-fat milk or soy beverage to be used instead of whole milk.

ŸIf you prefer creamier beverages, try tea latte with non-fat milk or soy beverage.

ŸAvoid whipped topping on specialty beverages—it signifi-cantly increases the fat and caloric content of the beverage.

ŸWhen ordering a complementing hot beverage at a restaurant, opt out for a cup of hot water with a lemon wedge or steamed non fat milk. It will warm you up, without filling you up with sugar.beverages, choose flavoured tea to

warm you up. For more healthy eating information visit www.healthcheck.org

ŸW h e n o r d e r i n g a specialty coffee bever-age, choose non-fat milk or soy beverage, instead of whole milk.

ŸCarry a couple of your favourite tea bags with you. This way, you can stop by any coffee shop and simply ask for hot water to make a deli-cious warm beverage.

ŸW h e n o r d e r i n g a

G T Cive eas A hance

Opinions Wealth on

DISCLAIMERDreams and Money takes care to present all

the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your speci f ic circumstances, you are always advised to consult an expert before acting on any information.

unsolicited articles are welcomeselected ones will be publishedemail : [email protected]

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At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler.

We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams.

If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spread-ing the message etc.), please let us know. We’ll be happy to hear from you.

THE MISSION

The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

John Maynard Keynes

Bottom line is, I didn't return to Apple to make a fortune. I've been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn't going to let it ruin my life. There's no way you could ever spend it all, and I don't view wealth as something that validates my intelligence.

Steve Jobs

He is richest who is content with the least, for content is the wealth of nature.

Socrates

Summary of TorontoMLS® Sales and Average Price

November 1 - 14

2011 2010

Sales

Average Price Sales

Average Price

City of Toronto ("416") 1,424 $526,540 1,288 $487,699

Rest of GTA ("905") 1,955 $448,777 1,694 $399,350

GTA 3,379 $481,548 2,982 $437,510

TORONTO, November 16, 2011 -- Greater Toronto REALTORS® reported 3,379 transactions through the TorontoMLS® during the first two weeks of November. This result represented more than a 13 per cent increase compared to November 2010. New listings were up 16 per cent over the same period.

“The results for the first two weeks of November point to two important facts: First, despite global economic uncertainty, buyers have remained confident in the affordable housing market in the GTA. Second, stronger growth in new listings means that it is becoming easier for buyers to find a home that meets their needs,” said Toronto Real Estate Board President Richard Silver.

The average selling price through the first 14 days of November was $481,548 – up by 10 per cent compared to the average of $437,510 reported for the first two weeks of November 2010.

“Little or no movement is expected for mortgage rates through 2012. Low rates coupled with the consensus outlook for continued economic growth next year suggests that homes will remain affordable in the GTA and households will remain confident in doing deals. Look for the average selling price to advance to the $485,000 mark next year,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

5


Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

Editorial & Development Committee

V.S. Thurairajah

Raja M. Mahendran

Kumaar.M.Suntharakumar

NargisNanji

Chandresh Brahmbhatt

Karthik .M

Das Narayanasamy

GTA Real Estate Market Watch EDITORIAL“I see nothing in the present situation

that is either menacing or warrants pessimism…I have every confidence that there will be a revival of activity in the spring, and that during the coming year, the country will make steady progress.” That's what William Mellon, the U.S. Secretary of the Treasury, had to say on December 31, 1929. But you know that it took several years to recover.

Today, the economies of the U.S. and several European nations totter on default. The governments of the U.S. and the Europeans have been spending far more than they can tax or borrow.

Those governments will inevitably take the least painful route out of their problems. That is using the printing presses to repay their debts. So sooner or later, inflation will be a problem.

However, for the last several weeks, stock and bond markets worldwide have been in upheaval. Panic has gripped the markets as investors run for the exits. As the markets continue to go down, even seasoned investors find themselves asking how much pain they are willing to take. What should you do?

You can sell all or part of your holdings and can keep it as cash or you can maintain your current holdings. The moment you sell, you lose the chances of recovery. No one precisely knows when the recovery will take place.

You can invest in other assets like real estate or gold. But concerns of bubble and fall in prices are also in the air. Traditionally, real estate and gold have been hedge against inflation. Yet we witnessed the housing bubble in the US and fall in gold prices decades ago.

Well, what is your advice, you may ask.

Know thyself. Watch the markets. Keep your emotions aside. Take rational decisions.

Your decision, whatever it may be, should be based on two things. The first is your time-frame. The second is your emotional ability.

We mean the time available for investments. For example, if the purpose of saving is retirement, your time frame is till your retirement date.

If you expect to work for many more years before you retire, you may be able to take more risk with your investments than someone who expects to retire very soon. The reason: You will have a long time to recover any investment losses that may occur. With only a few years remaining before your retirement date, preserving your retirement savings may take on added importance.

It is your ability to identify, assess, and control the emotions of yourself. How comfortable are you, when the value really goes down? You may say that you are comfortable but in reality, you may not be. Investing without knowing your risk profile and comfort level is dangerous.

Many times in real life, undo buttons are unavailable. Think before you act.

What does time frame mean?

What is emotional ability?

Good luck.

How To SaveWhile Paying Debts?GTA REALTORS

Housing Figures® Report Mid-Month

Resale Market

TorontoMLS® Sales & Average Price By Home Type

November 1 - 14, 2011

Sales Average Price

416 905 Total 416 905 Total

Detached

487 1,093

1,580

754,805

544,879

609,584

Yr./Yr. % Change

16%

16%

16%

6%

14%

11%

Semi-Detached

168

215

383

570,684

368,142

456,985

Yr./Yr. % Change

24%

17%

20%

12%

8%

11%

Townhouse

165

339

504

418,092 332,284

360,376

Yr./Yr. % Change

24%

13%

16%

3%

7%

7% Condo Apartment

589

262

851

361,461

276,747

335,380

Yr./Yr. % Change

1%

17%

6%

4%

15%

5%

175,000

225,000

275,000

325,000

375,000

425,000

475,000

525,000

Source: Toronto Real Estate Board

TREB MLS® Average PriceMonthly Time Series with Trend Line

Actual MLS® Average Price

Trend (12-Month Moving Average)

Source : TREB

25%

30%

35%

40%

45%

50%

55%

Source: Toronto Real Estate Board Data and Calculation; Statistics Canada

TREB Affordability Indicator Share of Average Household Income Used for Mortgage Principal and Interest, Property Taxes and Utilities on the Averaged Priced GTA Resale Home

Guarding wealth your

6


After an historic rally in October, but Now let's say your stock goes up a rather disappointing start to instead. It rallies all the way up to your A $20 move up in the stock price to November, everybody is now wonder- strike price of $125. That's even better. $110 would mean a $2,000 increase in ing if the next move will be up (with the You've just made $15 on your stock or your stock investment. S&P 500 reaching 1,350) or if it will be $1,500. And at expiration, that call you

However at expiration, that $90 call down (with a retracement back to the wrote will expire and you'll pocket

option would give you a $1,200 profit or lows of 1,075). $650. Your grand total is now a $21.50

a 150% gain.gain or $2,150 on a $15 move.There's enough ammo out there for

The $2,000 gain on your $9,000 both camps to assert their opinion. Even if the market goes up, you can

investment represents just a 22% gain.profit on the stock movement and the On the bull side, the most recent US

A put option works the same way option's income.economic numbers are leading forecast-except you're profiting if the market

ers to raise their Q4 GDP estimates to goes down. And buying puts is a great

over 3%, which would be the fastest Another great option strategy is put alternative to short-selling.growth rate in more than 1½ years. option writing.

On the bear side however, we have Writing puts lets you collect premi-Covered call writing is an excellent this seemingly never ending European ums like writing the calls did. But you

strategy to use in both up, down and crisis weighing on the world, with can potentially get into a stock you'd sideways markets.everyone wondering if their problems like to own at a much cheaper price and

This is a strategy used to reduce risk will spread beyond the Euro-zone. get paid in the meantime while you wait.and generate income.The bull side could easily win out When you write a put option, you're

In fact, you can even execute a and trump a contained Euro mess. But essentially agreeing to buy that stock at strategy like this in many retirement the bear side could win out and over- that lower price, if it ever gets to that accounts.shadow everything. Or each one could level. And you'll get paid a premium to

cancel the other one out and we'll Writing an option is different than do that.muddle thru with no clear direction for a buying an option in that you're collect- The benefits to this are: if you write while. ing premium instead of purchasing it. an out-of-the-money option on a stock

All three scenarios are possible. And For example: let's say you have 100 you wouldn't mind owning if it went it's the question on most investors' shares of a stock at $110. For every down, you might just get the chance to minds, because the answer will likely dollar that stock goes up or down, your own it at a cheaper price than it's dictate the next move in the market.

But, quite frankly, knowing the answer right now may not be all that necessary to make money in the market, especially if you're an options investor.

While it's important to plan for any contingency when trading, the fact of the matter is not all stocks are created equal. And regardless of the overall market direction, some stocks will go up, some will go down, and some will go sideways.

And that's perfectly alright.

With options, you can take advan-tage of all these scenarios.

investment will increase or decrease by currently trading at. If, however, it never $100. gets to that level, you made money by

Buying calls and buying puts is one writing the option. Now let's say you wrote a $125 call of the most common ways investors option at 6.50. You stand to collect $650. For example, if there's a stock you'd trade options.

like to own, but at a cheaper price, you If you believe the price of a stock will might decide to write a put option on it. If that stock were to go down $6.50 go up, you can buy a call option on it and Let's say the stock was at $110 and you to $103.50 between when you wrote the make money as it goes higher. If you wrote the $95 put option for a premium option and expiration, you've just offset believe the price of a stock will go of 6.00 or $600.$650 worth of your stock's downside down, you can buy a put option on it and

If the stock never goes down to $95 risk.make money as the price goes lower.by the option's expiration, you won't get

Buying options also provides great to buy the stock at $95, but you'll have Because while the stock went down, benefits such as increased leverage and profited $600 for your wait.

the $650 premium you collected on the limited risk.Now let's say it does go down to $95 option offset it.For instance, buying 100 shares of a this time. If it does, the option could be

If you're worried about downside $90 stock would require a $9,000 exercised and you'd own that stock at risk in your stocks, this is a great way to investment. $95 a share. But you win again because hedge your investment and potentially But instead, you might be able to buy you now have the stock at the price you make money at the same time.a $90 call option for just $800. That's a wanted and you still made $600 on the

Now let's say your stock stays flat. It significantly smaller investment with a option.doesn't go up or down. Just stays where guaranteed limited risk. Put option writing is a great way to it is. You haven't made anything or lost If for example the price of the stock collect premiums and generate income anything on that stock. But at expira-fell $20 to now $70 a share, your stock while you wait to buy stocks you like at tion, that call option you wrote would investment would have lost $2,000. a cheaper price.have made $650 even though the stock However, at expiration, the maxi- Of course, you don't have to want to didn't budge.mum you could lose on your option own the stock to use this strategy. If you

If the market enters into a period of investment would be only $800 (plus have a belief that a certain stock simply sideways action, this is a great way to your commission and fees). won't go down below a certain price, generate returns if your stocks are stuck The option gives you great upside as writing a put option is a way to make in a sideways pattern as well.well. money on that.

Put Option Writing

Covered Call Writing

Know Your Options

Buying Calls and Buying Puts

With me so far?

How?

Tactics that Work in and Good Markets BadBy: Kevin Matras, Zacks.com

Call option = Option to buy (buying or not is your option; for that you pay a premium.) You will exercise your option, if it is advantageous to you only

Put option = Option to sell (selling or not is your option; for that you pay a premium.)You will exercise your option, if it is advantageous to you only

Writing an option is different than buying an option in that you're collecting premium instead of purchasing it.

A typical Call Option quote on the stock XYZ, which has a current stock market price of $50:

Reading from top to bottom: This quote is for a CALL OPTION on the security XYZ. The option contract EXPIRES IN APRIL. The STRIKE PRICE of $55 is what the option holder can purchase the shares of XYZ for anytime up until the 3rd Friday of April. To purchase the ability to do this would cost the option holder $2.50 per contract per share.

(People will exercise their “option” and purchase shares of XYZ for $55,only when it trades for $55 or more in the open market)

When the value of the underlying stock starts trading ABOVE the Strike Price, the option contract is said to be “IN-THE-MONEY”. When the stock price is equal to the strike price, it is “AT-THE-MONEY”. And finally, when the stock price is BELOW the strike price – the option is “OUT-OF-THE-MONEY”.

C Sheat heet

Option TypeSecurityExpiryStrike PricePremium

CallXYZApr552.50

7

MONEYDREAMS &

Global Market review

Indian Market Review1st November 2011 to 15th November 2011

burdened Greece and Italy also weigh on sentiment.

Market traded weak during the first Industrial production rose a dismal week on euro zone debt crisis rescue 1.9% in September 2011, the lowest rate plan faded after Greek called a referen- of growth in 2 years and that food dum on the bailout deal In Asia, data inflation remained at elevated level in showed China's factory activity slowed to a near three-year low. However, market recovered on last day of the first week after Greece shelved plans for a financial bailout referendum. At the same time, unexpected interest rate cut from European Central bank also supported sentiment.

Market continued its declined trend during the second week on enduring euro zone debt worries. A lack of clarity on the timing of the resignation of I ta l ian Pr ime Minis te r S i lv io Berlusconi, which markets view as a step toward resolving the euro-zone's debt mess, concerned investors

Market will dictate the global cues during the forthcoming week. Continuing European debt crisis, debt

I M M Ondian arket view & arket utlook

Tsx Trend Jan 1, 2011 To Nov 24, 2011

Tsx Trend Nov 4, 2011 To Nov 24, 2011

Tsx Trend Oct 4, 2011 To Nov 2011

25 NOVEMBER 2011

Time To Or Buy Sell?

I Cnteresting hart

late October 2011. Industrial production data reflects weakening economic closed. Weak second quarter results by activity due to the central bank's major corporate also hit sentiment. The aggressive tightening of monetary combined net profit of a total of 3,280 policy. The reading was also signifi- companies declined 35.7% on 20.7% cantly lower than the revised 3.5% growth in sales during the second industrial output growth in August. quarter ended September 2011 over

same period previous year. Sensex lost 0.63% to 16,775.87 and Nifty lost 0.75% to 5030.45. Meanwhile, global rating agency Standard & Poor's upgraded the Indian banking sector, saying its domestic regulations are in line with international standards differing with the downgrade accorded by Moody's.

Government had increased the investment limit of FII in Government securities to $15 billion from $10 billion. For corporate bonds, the limit has been hiked to $20 billion from $15 billion now. Government is also planning to allow Qualified Foreign Investors to invest in local equities, which would pave the way for overseas retail investors to invest in Indian markets. It is an opportunity for opening the door wider to capital flows into an Manufacturing output, which has a expanding economy. Therefore, 75.5% weight in the index, rose 2.1% foreign investors have wider scope to year on year in September, compared enter into Indian capital market seg-with a revised 4% increase in August. ment. In such a situation foreign Mining output shrank 5.6%, compared investors need to have thorough with a revised 4.1% contraction in understanding of Indian markets, August. Capital goods output in adequate knowledge and practice to September shrank 6.8% from a year invest in stock market. We provide earlier after rising 4.0% in August.online and offline training on stock Redemption pressure for foreign market and also provide professional funds in developed countries will force advisory services.them in selling in Indian capital mar-

More details send email to kets. Due to global economic crisis, or call foreign investors are jittery and prone to or visit hit the sell button at the slightest sign of trouble. Corporate Earnings session is

shekarm@indiafinancebazaar.com09380034431www.indiafinancebazaar.com www.ifmaonline.com

M.Shekar

Percent of TSX Stocks trading above their 50 day moving average has been a reliable technical indicator during the past three years when identifying intermediate entry and exit points for the TSX Composite. When percent moves below 20% and recovers above that level, a buy signal is registered.

Conversely, when percent moves above 70% and falls below that level, a sell signal is registered. Percent recently has dropped from 71.21% to 24.61% and continues to trend down. Percent is approaching the next buy signal, but is not there yet.

Source : www.timingthemarket.caSource : Yahoo Finance

8


* In

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PERRII

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representing Manulife, RBC, Canada life, Industrial Alliance & many others - for insurance

9


id you know that getting was to lead by wonders for their special children to make example. “Now, I confidence levels. D

kolams can build their confidence? simply start making “I have noticed kolam patterns in What's in an array of dots or that these kids are the middle of the Kolams? Well, apparently, a lot. able to improve therapy work? Special children lack classroom,” says their focus and Kolam is generally seen adorning internal rhythm. That is why they tend Gayathri. concentration after the doorsteps of every traditional home to be clumsy and move around Invariably, the working with in southern India. Kolams are thought haphazardly. children get kolam patterns,” to bestow prosperity to homes. Every As kolam gets you to repeat dots attracted to the idea avers Meena morning in southern India, millions of and patterns at equal intervals of and start dipping Ganapathi, who women draw kolams on the ground space, it builds up the kids' sense of into the generous runs the Dipika with white rice powder. rhythm, besides disciplining them in tubs of kolam Resource Centre But those “Dot patterns” can also sticking on to a task. The orderly powder that she for special children. help kids learn math and perspective, patterns of dots also go on to reinforce keeps ready. That is a big says Gayathri Sankaranarayanan, who these children's sense of order.Gayathri uses a relief for their is presently doing a research in this Gayathri has also used the kolam-different, easier caregivers as these field. music combo as a therapy for special technique for these children are Trace it out early in the morning, children. Does it work? It works fine, children. She gets chronically unable and you get a rejuvenating shot of she claims. Children at Lotus the kids to dump a to concentrate and ozone that abounds in the early Foundation, Special school for autistic small mound of the stick on to tasks. morning air. Do it the traditional way, children, Besant Nagar, simply love kolamaavuon a Drawing kolams with your body bent forward, and it her classes. They start with just plain surface and with chalk or pencil activates the Mooladara chakra in your dumping small mound of the rub out patterns will not work. The hip region that can keep you energised kolamaavu. Then, with their forefin-from it. So, children have to for the day. Do it with rice powder, ger, they spread the powder around to children place their feel the texture of and you would be sharing food with create circles and flowers. forefinger in the kolam powder, other life forms, as ants and birds love For these kids doing it repeatedly middle of the as the forefinger is to feast on it. All these are the benefits itself is an exercise and creates a sense mound and spread extremely sensitive of Kolams or “Dot patterns” of achievement. Feeling the flour in the powder around, and the brain is But now, Gayathri Sankara their hands, singing the swaras, creating simple stimulated by the narayanan has found a new use for it sequencing and joining the dots shapes such as feel of the — as therapy for mentally challenged improve their focus and concentration. circles and stars. kolampowder's kids. And, it works! It started with She firmly believes that it improves They slowly texture. casually introducing kolams to kids at their internal rhythm and disciplines move on to more This fact is a playschool she frequented. Kolam their mind. This in turn will definitely complex forms. corroborated by workshops at various institutions such help to develop their writing and Done repeatedly in rows, the cumula- neurological experts such as N. as the Ramakrishna Mission followed. mathematical abilities and their tive design effect is impressive. Subhalakshmi, senior research consul-The biggest challenge for Gayathri learning curve in toto.Improves focus tant, Institute of Neurological was — how do you get special stays at

For these kids, it is a big achieve- Sciences, VHS Hospital, Chennai. 33/12, C.V. Raman Road, Alwarpet, children to try out kolams? Chennai India. Ph: 011 91 98401 18711.ment, and the feeling that they have So, how exactly does kolam She soon learnt that the best way

(Source : The Hindu)personally created a design does

Gayathri Sankaranarayanan

You can legally buy and sell foreign Spot currency currencies in an electronic market trading eliminates the middlemen and and make money, in countries like allows you to trade directly with major US and Canada. This is known as banks responsible for the pricing on a Forex benefits and advantages are Foreign Exchange (Forex) trading. particular currency pair. many. Here are some of the main And it is possible to earn a good The retail reasons why more corporate and amount of money doing this, but it individual investors choose to trade transaction cost (the bid/ask spread) is does require discipline, training and selling and without causing a significant forex: typically less than $ 20 for a transaction patience. While the returns can be price movement. The high liquidity of of 100, 000 units of a particular currency high, it can also be very risky. We the forex market is due to the large pair under normal market conditions. At This is probably one of the most went to an actual foreign exchange volume of currencies traded around the larger dealers, the spread could be as attractive forex benefits. Indeed, when trader to learn more about this and world. That way, currencies are low as 0.07%. Of course this depends on you trade FX at any trading platform how it can benefit you, our readers. exchanged instantaneously, 24 hours a the Broker you choose.with a broker you get direct access to the Here is his first article in the series day and with minimum loss. In the forex market's most competitive interbank The “Trading Foreign Currency”. Good market, there are always plenty of ready spreads. The way it works is that the foreign exchange market is so huge and luck and enjoy! and willing buyers and sellers.brokerage firm receives spreads (the has so many participants that no single

Editor-In-Chief The forex difference between the bid and the ask entity not even a major central bank can oreign Exchange is a currency market is open 'round the clock, 5 days a price) from world's largest banks. control the market price for an extended Fmarket where the trading of one week, from Sunday 5 pm EST to Friday period. The prices of course to some High Returns

currency against another takes place. It afternoon 4 pm EST. This is due to the extent can be controlled by a Central with Relatively Small Deposits. is referred as Forex or FX. fact that there is an overlap of different bank when a major economic policy Traders deposit a small amount of

The foreign exchange market is the time zones and that there is no physical decision is announced.money and they can actually trade with a largest most liquid and most influential central exchange that opens and closes much bigger contract value. Most market in the world. It is a 24 hour at a particular time. When you hear that broker firms offer a 200 to 1 leverage. global market and it is far bigger than a certain rate closed at particular price, With a $1,000 margin deposit, you can the combined total of all the world's this refers to the price at market close in buy or sell $200,000 worth of curren-stock exchanges. The volume of trades London or elsewhere. The global scope cies. However, you must keep in mind in FX market is in excess of $ 1.2 trillion of currency trading, as well as the high that if leverage allows for substantial a day. demand for currency, implies that there profits, it also can lead to equally

are always investors somewhere who Central banks, corporations, significant loss. One of the chief FX are willing to buy or sell currencies. individual investors, speculators, and benefits can thus become a major This also allows traders to trade on a hedge funds participate in FX market. liability. That's why you need to figure part-time basis, meaning that they can With availability of electronic trading out your own risk management before choose to trade whenever they want. platforms, self-directed investors and you start trading.

smaller financial firms now have access No clearing fees This refers to the to the same liquidity as larger market or exchange fees. Most retail brokers forex market's ability to quickly convert participants. charge for their services through or liquidate deals through buying or

something called the spread.

No middlemen:

Low transaction costs:

Get direct access to direct market prices:

No one can corner the market:

Open 24 hours a day:

Leverage Trading:

No commissions:High Liquidity:

Gayathri Sankaranarayanan

By Manivannan

The ' ' mantradot

Positive strokes When a kolam makes a difference

T F Crading oreign urrency

Ask (Offer)

Bid

Spread

Spot currency

— price of the offer, the price you buy for.

— price of the demand, the price you sell for.

— difference between ask and bid prices for a currency pair.

— Immediate settlement (for an Individual trader). Buying or selling one currency against another instantly or Cash settlement.

Forexterminology

10


GOD'S PLANSome things are beyond planning.

And life doesn't always turn out as planned.

You don't plan for a broken heart.

You don't plan for a failed business venture.

You don't plan for an adulterous husband

or a wife who wants you out of her life.

You don't plan for an autistic child.

You don't plan for spinsterhood.

You don't plan for a lump in your breast.

You plan to be young forever.

You plan to climb the corporate ladder.

You plan to be rich and powerful.

You plan to be acclaimed and successful.

You plan to conquer the universe.

You plan to fall in love - and be loved forever.

You don't plan to be sad.

You don't plan to be hurt.

You don't plan to be broke.

You don't plan to be betrayed.

You don't plan to be alone in this world.

You plan to be happy. You don't plan to be shattered.

Sometimes if you work hard enough, you can get what you want.

But MOST times, what you want and what you get are two different things.

We, mortals, plan. But so does God in the heavens.

Sometimes, it is difficult to understand God's plans especially when His plans are not in consonance with ours.

Often, when God sends us crisis, we turn to Him in anger. True, we cannot choose the cross that God wishes us to carry, but we can carry that cross with

courage knowing that God will never abandon us nor send something we cannot cope with.

Sometimes, God breaks our spirit to save our soul.

Sometimes, He breaks our heart to make us whole.

Sometimes, God allows pain so we can be stronger.

Sometimes, God sends us failure so we can be humble.

Sometimes, God allows illness so we can take better care of ourselves. Sometimes, God takes everything away from us so we can learn the value of

everything He gave us.

Make plans, but understand that we live by God's grace.

Author : Unknown

DESTINY watched intently as it landed. It was heads. The soldiers were so overjoyed

During a momentous battle, a and filled with confidence that they Japanese general decided to attack even vigorously attacked the enemy and were though his army was greatly outnum- victorious. After the battle, a lieutenant bered. He was confident they would remarked to the general, "No one can win, but his men were filled with doubt. change destiny.”On the way to the battle, they stopped at

"Quite right," the general replied as a religious shrine. After praying with the

he showed the lieutenant the coin, which men, the general took out a coin and

had heads on both sides.said, "I shall now toss this coin. If it is

Moral : Success or failure is in the mind. heads, we shall win. If tails, we shall Starting with a positive thought is quite lose. Destiny will now reveal itself.” often decisive in winning. Think positive and

the battle is half won.He threw the coin into the air and all

It Will PassA student went to his meditation

teacher and said, "My meditation is horrible! I feel so distracted, or my legs ache, or I'm constantly falling asleep. It's just horrible!"

"It will pass," the teacher said matter-of-factly.

A week later, the student came back to his teacher. "My meditation is wonderful! I feel so aware, so peaceful, so alive! It's just wonderful!'

"It will pass," the teacher replied matter-of-factly

Moral : "Everything is transitory! Depression and jubilation are the hills and valleys along our path - one inevitably follows another. The only constant in life is change."

The Story Of A Blind Girl

There was a blind girl who hated herself just because she was blind. She hated everyone except her loving boyfriend. He was always there for her. She said that if she could only see the world, she would marry her boyfriend.

One day someone donated her, a pair of eyes and then she could see everything including her boyfriend. Her boyfriend asked her, “now that you can see the world, will you marry me?”

The girl was shocked when she saw that her boyfriend was blind too, and refused to marry him. Her boyfriend walked away in tears, saying : “just take care of my eyes dear”

Moral : …………………….. (Left to your imagination)

Qualities for spiritual freedom1. Love– It is unwavering and unconditional in its pure and perfect state.

2. Joy and enthusiasm- It is contagious and touches every one.

3. Peace - Even in the midst of a stormy life and outrageous circumstances, it keeps your inward balance and intellectual poise intact. Peace prevails when there is no anger.

4. Patience (tolerance) and generosity – It releases you from your old limiting ideas and offers the freedom of thought and feelings.

5. Kindness and gentleness – It connects you with everything around you.

6. Goodness – It is a form of unselfishness.

7. Faithfulness – It enables you to have confidence and trust in yourself and others.

8. Self-control and self-discipline-It gives you strength of both mind and will

STORY TIME

MAYBE they passed him by. The neighbors congratulated the farmer on how well

There is a Taoist story of an old things had turned out. "May be," said the farmer who had worked his crops for farmer.many years. One day his horse ran away. Upon hearing the news, his neighbors came to visit. "Such bad luck," they said sympathetically. "May be," the farmer replied. The next morn-ing the horse returned, bringing with it three other wild horses. "How wonderful," the neighbors exclaimed. "May be," replied the old man. The following day, his son tried to ride one of the untamed horses, was thrown, and broke his leg. The neighbors again came to offer their sympa-thy on his misfortune. "May be,"

Moral : "Everything happens for a reason, answered the farmer. The day and worrying about what has or will after, military officials came to the happen has no effect. So don't worry, be

village to draft young men into the army. happy!"Seeing that the son's leg was broken,

dreams & money - november 2011 issue 2

Documents

economic growth

financial services

ontario cent

ministry of finance

economic problems

ontarios deficit

indian stock market

slow economic o