Tag Archives: Apple

Aeroplan Sale & Cell Phone Sales

A new update on Aeroplan for the five million of us Canadians who are in the program. It turns out that your points won’t likely depreciate in value, and you won’t need to have them all cashed out next year.

The re-purchase of Aeroplan was finalized yesterday. $450 million price and assuming the ($1.9 billion) points liability the (outstanding points IF they’re all claimed…and less than 70% will be, according to Consumer Report studies). But Air Canada received $622 million from TD and another $308 million for future points. CIBC also has a card that gives you Aeroplan miles, so they kicked in $200 million and another $92 million for future points. Right now, they’re still negotiating with Amex to continue with Aeroplan.

So Air Canada paid $450 million and received over $1.2 billion. As of the purchase date, they got the whole company AND made $772 yesterday. There’ll now be a lot of competition with PC Optimum and  Esso Extra points for your business. Those two are almost immediate gratification points. A month after I signed up for Esso Extra I had a free carwash already. Aeroplan miles are more dream rewards for the long term in hoping there’ll be enough points someday way down the road for a trip to Europe.

Right after last Wednesday’s segment, the Dow dropped 660 points and this time it wasn’t President Trump’s fault, but ours. It was started by Apple announcing that iPhone sales were way down. Yesterday, Samsung announced the same thing with a 22% drop in sales.

In the U.S., as we discussed last year, there are no more two or three-year locked-in plans with a so-called free phone. You need to pay for the phone and then get a month-to-month plan. It’s increased customer satisfaction with carriers a ton and reduces your cell bill by a lot. No more being locked in for two or three years and having the almost spit on you when it comes to customer service. However, if you need to buy your phone and can’t pretend it’s ‘free’ any longer, you’ll shop around more ,and will keep your old phone an extra year or two. That’s why Apple and Samsung stock has been way down, due to less sales volume. Apple was a trillion dollar company last fall – now they’re down 40% in stock values.

It’s also why Apple started discounting the price of their phones last month! If you can’t pretend it’s ‘free,’ a thousand dollar phone is quite the shock. You can also now get an Android for under $300 and apparently the Nokia 7-1 is really inexpensive and a great phone! That trend will continue with better phones at a much lower price, and the no-contract plans will come to Canada sometime soon – so don’t be stuck in a new two or three year contract. And avoid the big marketing starting soon on 5 G phones. It’s a much faster network – way faster than your home internet. But it’ll be three years before you’ll actually have the network to use it.

Update from first January segment to try some simply your life and get rid of 100 things:

I tried the Japanese method of decluttering where you hold something in your hands and if it doesn’t bring you joy, you throw it away. So far, I’ve thrown out all vegetables, my Amex bill, the scale and a mirror!

George Boelcke – Money Tools & Rules book – yourmoneybook.com

Five Updates of Previous Stories

According to Consumer Report, more than 25% of all gift cards we received LAST Christmas still have not been redeemed. That’s over a year ago, and this money is still sitting in a drawer? Yes, it’s real money. Make a point of pulling out all your gift cards and a goal of using them up – sooner – way sooner, rather than later. The last thing you want to do is have them go to waste, or finding out the merchant is no longer in business.

A year ago, a new technology was just taking off called NFC – near field communication. It’s the technology behind the pay at the pump card that’s on your keychain with a number of gas stations. Well, after just a couple of years, it’s now firmly in use with smart phones, because in 2009, its first year in use, over $69 billion was paid using a phones. That amount will jump drastically, as rumour has it that Apple will include that technology in their next i-Phone, and i-Pad, due out in April.

Here is a sad reality of something we’ve talked about in the past: According to a survey by Mint.com, a great on-line budgeting and financial planning site, 72% of couples under age 30 admit that discussing finances always leads to an argument. Even worse, in terms of building a strong and trusting relationship is that 43% keep some of “their” debts a secret from their partner.

We talked about it briefly a week ago, but now there’s proof that renting doesn’t have a negative stigma anymore – at least right now. According to the National Apartment Association, 76% of people believe that renting is preferable to owning a home right now.

Here is a strange story from American Express: According to a study from Amex, last year, wealthy people increased their trips to fast food restaurants by 24%, versus an 8% increase from lower income groups. OK, that makes sense. Even rich people are feeling the pinch. But there’s a second part to the report: These wealthy people increased their spending on cruises and DOUBLED their spending on business-class airline tickets. How do you reconcile that? Save on restaurants, but actually spend more money in the big ticket areas? Does that $10 saving make sense when dropping thousands more in business class airline tickets?