On July 12th, Disney reopened Disney World to the public. Unfortunately, we have limited information about how many tickets were sold and what percentage of normal traffic is being experienced. All we know is it wasn’t a grand opening. Only two theme parks (Magic Kingdom and Animal Kingdom) were opened while the other two (Epcot and Hollywood Studios) will follow on July 15th. Almost at the same time (July 13th), the Hong Kong Disneyland announced its closure as more covid-19 cases surge and …
3 Years Ago, I Designed the Life I Always Wanted
On July 1st, 2017, I came back from a one-year RV adventure with my family that crossed North America and Central America. I then officially quit my job and started my new venture as an entrepreneur. I had very little money. I barely had a business at all. I did it anyway. Why? Because I wanted more from life and I wanted more life for my family. Here I am 3 years later, writing about my progress and failures. My goal today is to inspire anyone who once had a great idea but then let …
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Add Magic to Your Portfolio: Two Dividend Growth Stocks to Buy
Each month, we issue The Mike's Buy List for our DSR members. They get our best ideas for both U.S. and Canadian dividend stocks. The first Friday of each month, they receive our top 10 growth and top 10 retirement (yield over 4%+) investment ideas. We are still following the virus and its impact on the economy. Considering what happened on the market over the months, I decided to share some of our picks with you. Today, we'll cover two growth stocks and I'll share two companies to consider …
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What is a Dividend Trap?
A dividend trap will do two things in your portfolio. First, it will leave you with the impression of safety. The market goes crazy, it creates confusion, it goes up and down, and then you feel safe because you receive your dividend every month or every quarter. That dividend is a high yield and produce a lot of income from your capital. It feels good, right? You feel smart. But the second thing the dividend trap will do is to destroy that capital. Management at one point or another will …
3 Fundamental Elements of Portfolio Management
Have you ever noticed that most of the difficult goals in life come with very simple solutions? You want to lose weight? Eat less and focus on healthy foods, and train more. You want to build a business? Identify a problem and offer a solution. You want to retire stress-free? Pay yourself first and invest systematically. You want to travel the world in your 30’s? Buy a RV, quit your job and start your adventure! Those goals are all considered “difficult” to achieve because they require …
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Invest Now, Or Wait? The Results of My Decision
The market is at an all-time high, you have $100,000 to invest, what do you do? Invest now, or wait? I faced this very situation not too long ago: Invest now or wait. $100,000 is a lot of money. I worked very hard to build that nest egg. For a long time, it was growing inside my former employer’s pension plan. When I finally realized that I didn’t want to wait until I’m 65 to enjoy freedom, I quit my job and asked for my pension check! The exact sum was $108,362.19. This was the largest sum …
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