The Christmas holidays are approaching fast, specially for those not prepared yet like yours truly. Everything is more expensive but eventually it will be time to what they call, pull the trigger on my debit card but not to a point it overheats.
Part time work gets me out of the house and connect with fellow employees and interact with new people as well during a busy day where I work. The pay cheques certainly don't go as far as they used to in 2022 while weighing full retirement, which seems to be a common theme with folks my age.
When home, I keep busy and look at the latest news ... primarily with the Stock world. Within the crypto scene, it can't seem to shake the fallout from the quick collapse of FTX and now US authorities are gunning for Binance's top dudes who run that exchange for various reasons. Certainly, a low level of confidence lately in those outfits that wheel and deal with people's money deposited into various wallets, schemes and plans.
In Canada, regulators are making new rules which exchanges/wallet providers must adhere to as they digest all the news from down south and around the world in that area. A couple snippets from a recent article aimed to protect Canadian investors. Keeping in mind bankruptcies can still occur unfortunately.
On the heels of the spectacular collapse of global cryptocurrency platform FTX, Canadian regulators have announced a co-ordinated oversight regime that will require all crypto trading platforms seeking registration to sign undertakings to comply with investor protections before they are formally under regulatory watch.
This pre-registration “undertaking” must include a pledge that Canadian clients’ assets will be held with an appropriate custodian and that these assets will be segregated from the platform’s proprietary business.
Crypto platforms will also be prohibited from offering margin or leverage for any Canadian client, the Canadian Securities Administrators, an umbrella organisation for the country’s 13 provincial and territorial watchdogs, said Monday.
Meanwhile and as always, there's a lot of speculation and theories about what lies ahead for the Stocks for 2023.
There is a common theme that there won't be much of any improvement heading into the new year and things could get worse for awhile for many reasons but many an article portray the effects of Central Bank moves in continuing to tame inflation we faced this year. Where's the price of Oil going, natural gas and electricity? And ... the pace of the economy here at home and down south in the US with more than normal/average people coming to retirement age and the impact on work forces that has.
Moving forward, I'll continue to buy on a monthly basis and one day in the future, another Bull run will occur at some point, hopefully for several months and increase the portfolios worth and dividend payments at a steady pace until the next upheaval.
To start 2023, BNS or Bank of Nova Scotia, has an ex-dividend date of 01/03/2023 at $1.03 per share and is in the current 10 stock list of the BTSX. Can't go wrong with a top Bank during these turbulent times.
With the BTSX, I'll caution about Algonquin Power (AQN) where there could be a dividend cut in 2023 with more news about that from the company early in the new year.
