Ontario Investing in Modern Schools - Canadanewsmedia
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Ontario Investing in Modern Schools



Capital Investments in Ontario’s Schools

Over the next 10 years, Ontario is investing nearly $13 billion in capital grants to modernize schools in the province.

This funding will help build new schools, and also help existing schools replace aging heating or air conditioning systems, repair roofs and windows, and install important accessibility features like elevators and ramps, and support the expansion of child care spaces.

Included in this funding is $1.4 billion for school renewal projects for the 2019-20 school year to help school boards provide safe and healthy learning environments for students.

Capital Investments for Child Care

Ontario is committed to providing families with more choice and convenience when it comes to accessing child care that works for them.

That’s why over the over the next five years the government is pledging up to $1 billion to create up to 30,000 new child care spaces in schools across the province to provide young children with a safe environment to learn and grow. Included in this commitment is nearly 10,000 child care spaces that will be built in new schools.

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Study shows Race influences investment decisions




Race influences investment decisions:   The report notes that of the roughly $70 trillion of financial assets currently under management, less than 1.3% are run by women and people of color.

<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” type=”text” content=”“A&nbsp;comprehensive data set&nbsp;of every venture capital organization and investor since 1990 shows that the industry has remained ‘relatively homogeneous’ for the past 28 years, particularly white and male,” the study notes. “Women represent only 8% of investors. Hispanics make-up just 2% of venture capitalist investors and fewer than 1% are black.”” data-reactid=”17″>“A comprehensive data set of every venture capital organization and investor since 1990 shows that the industry has remained ‘relatively homogeneous’ for the past 28 years, particularly white and male,” the study notes. “Women represent only 8% of investors. Hispanics make-up just 2% of venture capitalist investors and fewer than 1% are black.”

Lack of diversity in the industry makes it difficult for investors to tackle their bias, leading to decisions that could cause them to lose out on money.

“I’ve observed investors leaving money on the table because they underestimate the value of funds managed by people of color and women,” said Daryn Dodson, founder and managing director of Illumen Capital.

“At the top level we’d expect about $35 trillion to be allocated differently if women and people of color were representative relative to the full talent that we’d expect just by the distribution of population,” Dodson explained. “So we feel like this is a massive problem.”

But why?

While lack of diversity in the industry is partially to blame, it isn’t the only reason investors are less likely to place money in funds run by minorities or women. Dodson says that people also have an “inability to see value when race and gender are present.” It’s clear this bias needs to be addressed, as Dodson explains that reducing bias can “lead to higher returns” when it comes to investing.

The study also found that asset allocators have difficulty gauging the competence of racially diverse teams. When assessing strengths and weaknesses, investors were able to better predict future performance for white, male-led funds than funds run by women or minorities.

And paradoxically, investors exhibited more bias towards racially diverse teams with stronger performance, choosing to give greater benefit of the doubt to weaker teams.

“At stronger performance levels, asset allocators rated white-led funds more favorably than they did black-led funds when evaluating investment skills, competence, and social fit,” the report noted.

But the researchers couldn’t clearly determine why that might be the case, positing it might be down to the fact that investors hadn’t had enough experience with diverse teams.

Solving all of these problem isn’t just a matter of increasing diversity among leadership of institutional investors.

“Investing experts advising on the study believe that research, awareness-raising, professional training, and coaching as well as intentional changes to long-time industry practices, can improve the future make-up and impact of the investment community, changing the power dynamic to one that is more equitable and culturally significant,” the study noted.

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How to invest up to $1m by Retirement




Investing is always a good idea, even if you don’t have many investing years left until retirement. There are three factors that will ultimately impact your overall savings: the amount of money you have to start investing today, the number of years left, and the level of risk you’re willing to take on.

If the number of years is insufficient to grow your portfolio, then you could try and make up for that by investing more money or taking on a bit more risk. However, I’m going to assume that in the vast majority of cases, investors can’t simply just increase their level of investment overnight.

That leaves the level of risk as the factor that you could most likely adjust to help to try and improve your overall returns. However, that doesn’t mean you have to invest in penny stocks or ultra-high-risk investments. Instead, I’m talking about choosing growth stocks to help get your portfolio to your desired goal rather than investing in dividend stocks.

Why growth stocks could be the better option

While dividend stocks may be a good way to slowly grow your portfolio over the years, growth stocks can provide double-digit returns if you’ve found a winner. That may be easier said than done, but that’s where the risk comes in. Consider a stock like Canada Goose Holdings (TSX:GOOS)(NYSE:GOOS), which has been one of the top growth stocks on the TSX in recent years.

The stock has generated some terrific returns since its IPO, but it has had some pretty big bumps along the way as well. From January through until the end of July, the stock had risen by a modest 3.7%. However, that includes a very steep decline after a bad quarter sent the stock reeling. In 2018, Canada Goose stock soared a whopping 50%.

As you can see, there can be a lot of volatility in your portfolio from one year to the next. That’s the risk with growth stocks, but a good stock like Canada Goose is still a good bet to rise in value over the long term.

Let’s take a look at how investing in a growth stock could help get you closer to your retirement goal.

A sample model

If you have at least $100,000 to invest in today, and a growth stock like Canada Goose were to even average returns of 17% per year, you could hit the $1,000,000 mark by the end of age 64:


To earn a 17% return on average is by no means a guarantee, even if you do find a good growth stock. While Canada Goose could be a good investment today, in all likelihood, you may need to swap it out for another growth stock at a later point in time. As good as Canada Goose stock may be, I wouldn’t assume it will be a lock to produce 17% returns every year.

That’s where it’ll be important to re-evaluate every year which growth stock may provide the most potential or which industry might provide the best option for investors.

However, as you can see from the above table, taking on some risk could be a way to help accelerate your returns. A good compromise could also be to find a dividend stock that pays a high yield and that can provide a decent return as well.

Bottom line

There are many paths that you can take, and knowing what kind of return you’re going to need to be aiming for is one way to at least help point you in the right direction.

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Investing mistakes you want to avoid as the market sinks





It’s no secret that today’s markets are uncertain.

Between recent triple-digit drops to the Dow Jones Industrial Average and renewed fears of a looming recession, this year’s record run-up on stocks has been put on pause.

Whether that’s just a blip or signs of a prolonged downturn is to be determined.

In times like these, investors are susceptible to getting swept up by their emotions.

Dan Ariely, chief behavioral economist at personal finance app Qapital and professor of behavioral economics at Duke University, said that there are ways to avoid getting caught up — and making investment moves you could regret later.

Henderson Bay, New Zealand

chameleonseye | iStock Editorial | Getty Images

Resist the urge to check your portfolio

Watching the stock market can be a roller coaster of emotions.

“What happens on the day that it goes up?” Ariely said. “You feel happy.

“On the day it goes down, you feel extra miserable.”

But the best action to take in this market may sound counterintuitive: Don’t look at your portfolio.

Ariely recalled how during the financial crisis, he found himself caught up in checking his accounts more frequently.

“I wasn’t going to sell,” he said. “I wasn’t going to buy; I was just kind of looking obsessively.”

One Friday morning, he noticed he was consumed with checking his investments. And that put him in a bad mood.

Dan Ariely, behavioral economist and psychologist.

Photo: Mary R.

To change that, he locked himself out of his accounts, and then enjoyed the weekend with his wife.

“If we’re going to look at it going up and down, we’re just going to be more miserable,” Ariely said. “We’re not only going to be more miserable, but act on it.”

Those panicked decisions based on emotions often lead to regrets later, he said.

Of course, there are times when you have to log in. The key is to be intentional when you do.

“Decide what change you want to make, and only then open your portfolio,” Ariely said. “It’s never a good idea to open up your portfolio for fun and then decide what to do.”

Use caution when making decisions about the future

The decisions you make about the stock market are always decisions about the future, Ariely said.

Inevitably, many investors decide how to invest based on what happened in the past.

“It’s water under the bridge,” Ariely said. “It’s gone. It’s over.”

And when past performance clouds your decisions, it also adds and emotional burden to your approach.

Instead, Ariely suggests, try to starting with a clean piece of paper or spreadsheet. Imagine all your assets are in cash, and then decide how you would invest that money today.

“It’s the right way to say, ‘What do we want and let’s implement it,’ rather than seeing what we have already,” Ariely said.

“That’s the right way to invest.”

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