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 ...
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 ...
I bought my first stock in early 2010, which costed me something thousand dollars. Yes, that was my entire life savings at the time! Several days after I bought it, it dropped several points and I was sitting on a paper loss of $400. I logged into my brokerage account, noticed that my stock numbers ...
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 ...
I adhere in the philosophy of spending defensively while investing aggressively to achieve your goals of financial independence. This is especially true if you are a young and unattached individual. What does this mean? This means reducing your monthly budget as much as you can sanely handle while increasing your portfolio risk as much as you can ...
I have to admit, at it's current state, my wallet is pretty bloated. I figured to make this post to review the contents of my wallet and whether I need the cards in there or not. Currently, I am carrying: 1. TD Debit Bank Card- I rarely use this. However, this is an emergency precaution. If I ...
As a prelude, in no way do I hate the top 1% or even the top 0.1% in any way. As a matter of fact, I personally strive to become a 1%. In the old days... In the old days, a person's net worth is reflected publicly, for the most part. What I mean is that a ...
When discussing investments such as stocks or equities, treasury bills and bonds, gold and other commodities, or even collectibles, people tend to lose sight of the forest from the trees. Why is that? Because really if you break it all down: When you invest in stocks or equities, you are investing in companies and businesses. ...
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 ...
You are 23. You just graduated college and landed a great job paying $50,000 a year. After suffering for 4 or more years on student loan money or scholarship money, you finally have some spending power. You've already mapped out your plans to splurge the new dough: 70" TV, Iphone 6, Alaskan Cruise, Luxury Condo, ...