So you've got savings just sitting dormant in a "high interest" savings account. What are you making? 1-2% max if you're lucky?
Meanwhile, you're busy working a full-time job, continually adding to this pile of cash that is losing value every day.
What's the problem we need to identify...
This has got to be the number 1 sentiment believed by the conservative nelly, who believes that you just need to invest into the SP500 and watch your money compound over the years.
While the nelly most likely is correct in their historic comprehension "compounding model" in the SP500, the...
The million-dollar question. You find a stock, it has good news, you expect it to run, and to your surprise, it dumps following the news. What gives?
The answer can be complex in nature, but it normally comes down to one of these 3 reasons good news leads to stock crashes:
1. Market...
When the TFSA was introduced into the Canadian financial choices in 2009, Canadian’s took notice and got excited very quickly. I mean how couldn’t they when the entire financial rhetoric of middle-class Canadian’s is to work hard and save money for a rainy day. Now you can...
Part 5 - Private banking, and the resultant money on autopilot.
Make sure you read Part 1, Part 2, Part 3, and Part 4 before continuing.
Let's assume you have found financial freedom, and that you are sitting on 6 million in the professionally managed fund discussed here, providing a...
Part 4 - Tax efficiency, Holdco's, Win Percentage & Account Implosion.
If you want financial freedom, financial literacy is a necessity. People may become rich by luck, but sustainable financial freedom is only achieved by those in the know. And that requires education.
I...
#3 Getting financially desensitized
Did you already read Part 1 and Part 2? If not make sure you check those out first so that the flow of this education makes sense.
One of the metrics which separates individual in the category of financial freedom is their ability to be desensitized from the...
Part 2 - Getting educated on IPA’s
It's my opinion that IPA’s should have been taught as a financial freedom 101 class in kindergarten. It stands for Income Producing Assets. Often times also referred to as Income Generating Asset's (IGA's). Your house? Not an asset if you ask me. If...
In this five-part blog article, I will be discussing one of many ways financial freedom can be achieved. I mean, this is a big-ticket item, right? If it weren’t, so many people wouldn’t be chasing fame, “likes,” “subscribes” and a social following at the...
It makes sense why this is a commonly asked question. Why is it when a blue-chip stock gives you a 10% return in a year, that a low-priced junk stock can offer you hundreds, if not thousands of percent in a short amount of time. More importantly, how can you prepare for them?
It normally comes...
I mean let’s face it, artificial buying power to gain capital at a rate which would have been impossible with your fixed cash asset? Sounds pretty tempting right?
How does it all work? Let’s look at two examples. A 1:1 margin account, and a 1:4 margin account.
First, please understand...
Everyone always raves about them. “Wow, Robinhood has commission free trading” or “Questrade is only $4 and some cents for a trade” etc.
To an experienced trader, people raving about commissions come off as nothing more than unconsciously focused on the wrong aspect of...
This has got to be one of the most asked questions by beginners before they start. To answer it, we must examine the approach these so-called “losers” have, and how it may even resemble how you think. Stick with me because I am not calling you a loser.
Let’s just call a...
