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 ...

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 ...

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 ...

Financial Advice: Millionaire By Age 41 (Chatelaine)

Couple Boat

Prelude: I will be analyzing sample individuals and evaluate their finances as if they were a company. How do they stack up if their finances were publicly available? Would investors "buy" their shares? In this segment, I am re-evaluating the financial situation from chatelaine.com and comparing my results with their financial experts. chatelaine.com Millionaire By Age 41 Name: Gerry ...

Financial Advice: Age 26, Frugal, Renting, Aggressive Investor

Young Black Professional Investor

Prelude: I will be analyzing sample individuals and evaluate their finances as if they were a company. How do they stack up if their finances were publicly available? Would investors "buy" their shares? Name: Francis Collins Age: 26 Income: $46,000 Monthly After Tax Income: $3000 Monthly Expenses: $1475 Home: No, renting at $400 per month. Summary: Francis Collins is a young professional who has ...

Financial Advice: Age 27 Professional, Single, New Homeowner

Single Female First Time New Homeowner

Prelude: I will be analyzing sample individuals and evaluate their finances as if they were a company. How do they stack up if their finances were publicly available? Would investors "buy" their shares? Name: Diana Nathan Age: 27 Income: $60,000 Monthly After Tax Income: $4000 Monthly Expenses: $2800 Home: Yes, $340,000 at 20% down Summary: Diana Nathan is a young professional who has been ...

Is the Home Buyer’s Plan (HBP) Worth It?

Home

What is the Home Buyer's Plan? According to Revenue Canada's website: The Home Buyers' Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. You can withdraw up to $25,000 in ...

How strong is your personal balance sheet?

Balance Sheet

Balance sheet analysis is the staple of fundamental analysis for a stock. A healthy balance sheet let's their owners know the stability of the company. However, what I rarely see are investors that analyze their personal balance sheet. I am going to draw out several sample balance sheets of people in various situations and run ...

What if you participated in the 1980’s stock market bull run?

S&P500 1980s Bull Market

Here is a fun financial fantasy. Picture this: Right after graduating from college at age 22, you manage to land a decent job paying $50,000 (in today's dollars). You are a frugal person and tuck away $10,000 of that each year to invest. As well, since you were lucky to have caring parents, they support your ...