I'm going to show you how to organize your important digital stuff as an IT & Database guy. Compartmentalize Your Directory Here's my directory at the highest level. See how it is very general yet easy to understand: Your folders should be named such that you will know what it contains even if you haven't touched it ...
Category: Investment Philosophy
How to Build Your Risk Tolerance when Investing
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 ...
Spend Defensively, Invest Aggressively
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 ...
It is much easier being a one percenter today than before
The real reason why stocks are the best long term investment
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. ...
Why your youth is the best time to accumulate wealth
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, ...
What were the original DOW components?
Today, it is impossible to talk about the general economy of the United States without mentioning the DJIA. Every few years, companies are added and removed. Each year, new industries pop up. Old industries slowly fade away. Ever wonder what the original 'dirty dozen' were and where they are now? With some research, I've compiled ...
Who benefits from TFSA the most?
Globe and Mail had an article awhile ago saying that the rich benefit more from TFSA than the poor. From the article, Who Really Benefits from TFSA: Let’s be clear. This measure will make the rich and powerful more rich and powerful. The rest of us will be left begging for funding for basic services. ... The TFSA should ...