Sometimes, a lottery ticket is well worth the money

Lottery Tickets

A lottery is a tax on the stupid If I had a dollar each time that phrase was mentioned, I think I would be rich enough to not need a lottery win ever! Anyways, it is absolutely true that, mathematically speaking, buying the lottery is mostly negative EV (Expected Value). The EV ranges from 0.3 (30 cents ...

Posted in Shopping.

Economics of the movie In Time

In Time Poster

If you haven't seen the movie In Time (2011) before, I would highly recommend it. What I really loved is their literal interpretation of how time is money and is a form of currency in this alternate world. So, to quickly summarize the movie, everything is paid by and for in time. You work to ...

Posted in Movies. Tagged with , .

Why day trading generally doesn’t work

Commission Transaction Fee

Now I am not against the idea of day trading in theory. The stock market is comprised of average investors, who are Mom and Pops, institutional investors who are subject to many rules and regulations, and hedge funds, who are also subject to various rules and regulations. So you think to yourself, "Hey, I am my ...

Posted in Investment Analysis. Tagged with , .

LCBO Dragonheart Liqueur Sale

LCBO Dragonheart Vodka Liqueur

LCBO has a Dragonheart Vodka Liqueur Sale! $13 for 750mL and the alcohol percentage is 40%!

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Defined Pension Plan = Overrated for the savvy investor!

Gold Piggy Bank

It is that time of the year again! Taxes! New TFSA Contribution room! RRSP Deadline! This will inevitably spur the discussion of Federal Government's "Gold Plated" Defined Pension Plan and how it's anchored basically by tax payer money. Globe and Mail reported that the public sector pension is simply unaffordable. Is it really that awesome ...

Posted in Investment Analysis. Tagged with , .

Pyramid Schemes and MLM Schemes

Pyramid Scheme

I recall seeing an wall ad on campus several years ago about a 2-hour financial independence seminar. Thinking it was related to investing and personal finance, I excitedly attended. In the conference hall, there were about 50 others already there. I noticed people from all walks of life there. I saw young guys suited up ...

Posted in Investment Analysis. Tagged with , .

Using Norbert’s Gambit for Currency Exchange with TD Waterhouse

Currency Exchange

It's that time of the year again, Christmas vacation, snowbirds flocking down south. Many of us will be needing US dollars to spend south of the border. You go to the bank and get quoted a rate of 1.19 when the spot rate is around 1.16. That is almost a 3% premium! You begin to ...

Posted in Banking. Tagged with , .

MIA Duty Free Shopping 2014

Duty Free Americas Shopping

On the way back from vacation, I stopped by MIA (Miami International Airport) and snapped some pictures of their duty free prices. Biggest Savings Percentage 3. Knob Creek Bourbon Whiskey - 46.73% Duty Free Price: $29 USD LCBO 1L Equivalent Price: $62.60 CAD Savings Percent (CAD): 46.73% 2. Johnnie Walker Red Label - 48.16% Duty Free Price: $18 USD LCBO 1L Equivalent Price: ...

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DCA Duty Free Shopping 2014

Duty Free Americas Shopping

I stopped by the Ronald Reagan Airport (DCA) at Washington DC during the summer of 2014 and had some time to snap a couple of pictures of Duty Free Americas alcohol prices. I also have a chart of prices and savings compared against LCBO in Canada. Biggest Savings Percentage 2. Smirnoff Vodka - 55.13% Duty Free Price: $13.50 ...

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Best Buy Crazy Deal: $60 for 3 Luggages! (Deal Expired)

Best Buy Logo

Here is a crazy deal of the day: $60 for 3 19" Luggages! I don't know if Best Buy will actually fulfill the order or not but if they do, this is a crazy price! Regular price for a luggage set range anywhere from $60 to $120! For those who can't read the text in the picture: IT ...

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