Archive for: March, 2009

Dazed and Confused

Raj from Toronto, Ontario writes about RBC profits:
Hey Lou,
I have lost  money in mutual funds which RBC sold me.
The bank invested my money into different commodities and now RBC claims to have made profit?
How is that possible when all the investors have lost their investment… something does not make sense?
Raj,
The banks make money by charging fees [...]

Where Lost Money Goes

John from Brampton, Ontario writes about what “losing money” actually means:
Hi Lou,
I listen to your report with John Oakley at 6:55am and was wondering if you could answer the following silly question for me and others like me:
When you say that “GM lost $10billion”, what do you mean by “lost”?  How do they lose money? [...]

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