Ever since I started to manage my own investments, I often captured a snapshot of my net worth every quarter of the year, just like how publicly traded companies report their quarterly earnings. At first, I was just obsessed with comparing my investment performance to the S&P/TSX Composite index and S&P 500 index as I Read More …
Month: December 2016
Part 1: How To Improve Your Financial Health
Every year, right after the Christmas holiday, the fitness advertisements from health clubs, dietitians, exercise equipment manufacturers, weight loss products and exercise programs started to pour in. You’ll be bombarded by television commercials, radio ads, street billboards, ads on public transit, magazines, flyers delivered to your mailbox and even when you are surfing the Read More …
Freedom 48 Investment Toolkit: Foreign Market Investment Basics
When investing your money, it’s important to diversify your investment into different types of assets (such as stocks, bonds and real estate), different segments of the stock market (such as financials, consumer staples, utilities, technologies, telecommunications, etc.) and different regions of the world (such as North America, Europe, Asia, etc.). However, for a small and Read More …
Freedom 48 Investment Toolkit: Minimizing Your Income Tax
Before attending my first business class in university, I had always known that if I make any income, I’d have to pay income tax to the Canadian government, but I did not know approximately how much I’d have to pay. I think that I am a law abiding citizen and I am getting free health Read More …
Freedom 48 Investment Toolkit: Using Options To Improve Investment Returns
In my previous post, I covered the basics of margin account and options. For this post, I’ll go over the strategies that I used to buy stocks cheaper, sell stocks at a higher price, making money without selling or buying the actual stock, and pay less taxes. To fully execute these strategies, the basic Read More …
Freedom 48 Investment Toolkit: Margin Account And Option Basics
A while ago, in my emergency fund post, I used the buying power in my margin account as a way to access funds in case I need it for an emergency. Even though it is a viable and flexible method to get access to cash in a hurry, it’s not my true intent when Read More …
How I get paid when borrowing money from the bank
During my university days, I came across a wealth accumulation concept called the Smith Maneuver, which allows the investor to borrow money from the built up of equity in the investor’s home to invest. As we all know, any loan that an investor (in Canada) took out to earn an income, the interest payment Read More …
How to build access to a $100,000 emergency fund with $0 locked up
When it comes to emergency funds, how much should you save? Depending on who you talk to, different people have different philosophies. Some will say three months of expense is sufficient, some will say six months, while other more conservative minded will recommend twelve months. Regardless of the amount, there are no right Read More …
How I Earned A 72% Return On My Saving The Easy Way
I’ve always believed that “there’s such a thing as free lunch in this world, you just need to be lucky and skillful enough to find the restaurant that offers it.” In my money saving post, I’ve listed the methods that I used to either save or get free money. For this post, I am Read More …
Freedom 48: The journey to financial freedom
I’ve always wanted to retire as early as I can, by that I mean I will have the freedom to choose what I want to do once I’ve achieved financial freedom. However, I’ve rarely given any thoughts to a fundamental question, “How much will I really need to be worth on the day that Read More …