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 ...
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 ...
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 ...
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 ...
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 ...
My first stock purchase was actually recommended by my dad. If I can still remember faintly, at the time, I had just opened a brokerage with TD Waterhouse but knew nothing about investing. However, I was thinking about how all the baby boomers are retiring soon and will demand more medical care. So, I casually ...
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 ...