I’m known to be an optimist, a guy that will always tell you that today is the best day to invest your money… since you missed yesterday! While I’m confident that I will have another great year in the stock market, I’m also not a lunatic with pink glasses either. Unfortunately, there are some dark clouds rising at the moment which concern me. Here are three things that scare me the most in 2018. 01 Canadian Debt Level & Housing Market I’ve been concerned about the Canadian housing …
Dividend Cult Vs ETF Cheerleaders – Try Smart Investing Instead!
Since returning from our year-long trip across Central and North America, my wife and I have cut down on our TV time. We cut the cable and rely only on Netflix for the few hours we spend per week watching TV. We would rather do other things during our evenings like playing Scrabble or reading. I’ve found it keeps our brain fresh and I have more energy throughout the entire day. On Tuesday night, we were having a very intense Scrabble game. I just started the game with a 7 letter word on my …
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Trading on Hope is a Bad Thing; Look at What Happens to GE
I am telling you upfront, this is not the 147th article about GE and its restructuration strategy. However, I will use this example to discuss a fundamental lesson about investing. Trading on hope is a bad strategy. Without a strong investment thesis, buying a stock in the hope that the company will turn on the heat and become a leader again is rarely a good move. At the beginning of the year I listed the reasons why I think General Electrics (GE) is a bad investment. Many investors told me I …
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I’m 36 and I’ll become a millionaire by 65 – Here are my plans
Have you ever wanted to be rich? From how long I can remember, making money has always been part of my life goals. Don’t get me wrong, money is not that important in my life. I would actually trade all the money in the world to stay happy and healthy with my wife and three kids. But since everybody in my family is doing great (knock on woods!), I can concentrate on other things… like becoming millionaire. And you read it right; I have more than one plan to become millionaire by the age of 65. In …
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Has your advisor called you recently?
The market is going up, you are making money; everybody smiles. I’ve worked in the financial industry for over a decade and this situation has struck me: when my clients were making money, they didn’t want me to call them. I’ve received one call from a client once telling me it wasn’t normal to make that much money in a short period of time. He invested 250K in November 2008 and was calling me during the summer of 2009… you can imagine what his 250K looked like back then… caching! During bull …
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Quitting my job – Where I am at after 3 months
July 1st 2017 was the first day of my new life. I quit a 100K+ job in the financial industry and decided to live on my own terms. No more bosses, no more working hours, no more suits & tie. Now, this all sounds like a marvelous dream, but what really happens once you quit your job? Do I get to wear my favorite pajamas until noon each day? (hum… that’d be nice!) After a little over 3 months into this new life, I’m giving you my takeaways today. If you are not passionate about your job …
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