Archive for June 2021
Net Worth Update: 2021 Mid-Year Review
Our net worth surpassed the million-dollar mark at the end of last year. It was a goal I had been chasing since I began sharing net worth updates back in 2012. So, what now? Life is about the journey, not the destination. Along the path to $1M I built a side-business that helped accelerate our…
Read MoreWeekend Reading: Best Offers Yet Edition
Most travel rewards credit card issuers hit pause on their generous welcome bonus offers when the pandemic shut down global travel last March. What good are perks like airport lounge passes and priority boarding when nobody is traveling? American Express consistently offers some of the most generous benefits, including luxury travel perks with its iconic…
Read MoreMisguided Thinking About Dividend Investing
I’ve received an uptick in emails and comments from investors about dividends and so I thought I’d address some common misconceptions around dividend investing. One reader in particular wanted to know if he should take the commuted value of his pension ($750,000) and put it all in Enbridge stock because it was yielding around 6.5%.…
Read MoreWeekend Reading: Unhealthy Housing Market Edition
Canada’s housing market continues to defy logic as prices have shot-up more than 40% on average across the country. Last spring, then CMHC boss Evan Siddall predicted that home prices would fall between 9-18% due to the economic impact of the pandemic. So, what happened? One reason is that high income earners working from home…
Read MoreCreate Your Own Financial Plan With These Eight Steps
A financial plan is a road map to help guide you to a better future. Not just about budgeting or investing, a good financial plan will help you navigate your way through all of life’s major financial milestones. On one hand, your financial plan acts as a set of rules or principles by which to…
Read MoreWeekend Reading: A Money Grab Edition
Canada’s big banks rollout new fee increases every year or two. These fee hikes may seem innocuous at first – 50 cents here and $1 there – but they collectively (and annoyingly) add up to big bucks over time. My advice for Canadians who want to remain with a big bank but don’t want to…
Read MoreGetting Your Fixed Income Fix With BMO ETFs
This article has been sponsored by BMO Canada. All opinions are my own. Fixed income doesn’t get enough attention on this blog, mostly because I’m still in my accumulation years and invest in 100% equities across all my accounts. But most investors should hold bonds in their portfolio to reduce volatility and so they can…
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