List/Grid Author Archives: Mark

Saving

Stop worrying, make your portfolio safer, and choose better investments

Richard is a fan of My Own Advisor and a passionate index-investor. The media makes it sound so easy: “Don’t sell when the market is down.” “Stick to your plan.” Right. But when we keep hearing these messages how is it that investors keep making those mistakes? Stop Worrying When I started out I was confused and nervous because of all the financial advice that came my way seemed hard to follow.   These days I rarely get worried and when bad news comes out I just smile and remember that everything is ok. Why? The biggest ...
Investing

Using Capital Losses to offset Capital Gains – My Case Study

Some investors planning for retirement using exclusively registered accounts such as RRSPs and TFSAs, and/or contributing to a generous workplace pension plan (if they are lucky enough to have one) may not need to worry about managing capital gains or losses.  In addition to registered accounts some investors may choose to use taxable accounts to save for retirement.  Let’s look at some facts before my case study. Some Capital Gains Facts A capital gain occurs when you make money from selling an investment for more than you paid for it. If ...
Weekend Reading 7

Weekend Reading – Hacking gift cards, cutting fees, brain foods and more

It was a busy week on My Own Advisor! In case you missed it: This was the latest dividend income update on our journey to retirement. I shared this financial freedom story from Phil, a reader of this site who happily retired on his 39th birthday.  Impressive. In support of Financial Literacy Month #FLM2014 I shared these must-know mortgage tips. Enjoy the following Weekend Reading articles from the week that was and see you here next week.   Thanks for reading and sharing the articles on this site. Stephen Weyman showed us how to hack gift cards ...
Mortgage

Mortgage Tips for Homeowners of All Ages

If you’ve applied for a mortgage or renewed your mortgage you already know these processes can be stressful, time consuming, daunting and fraught with lots of questions.  No doubt questions like:  “Did I think of everything?”, “Am I getting the best rate?” and “Is my term right for me?” have crossed my mind over the years; they still do. For today’s post during Financial Literacy Month #FLM2014 I thought I’d collate some mortgage tips for homeowners of all ages.  This post is actually somewhat of a self-help article since I’ll ...
Saving

Smart Saving and Investing Advice: My Story

Who am I? Just a guy that met my lady in university with a dream to live happily ever after… Here’s my story about smart saving and investing that allowed me to step away from the working world, earlier than most. Just Like You – Starting Out For me (and maybe just like you) schooling was not my passion. I worked hard in university but not enough to secure scholarships to fund my way. I had to fund my own post-secondary education (and so did my wife for the most part). To make ends meet I held down a few jobs while struggling with my engineering ...

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