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Smart Investing

Reader Questions – Essential Saving and Investing Advice

Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. I’ll be the first person to acknowledge our saving and investing approach might not be suitable to everyone however I believe things are working out for us so far.  Before I get into the latest set of reader questions to My Own Advisor here’s a brief look at our financial priorities: Very high priority on saving, contributing and maxing out our Tax Free Savings Account (TFSA) every year. High priority on contributing monthly to our Registered ...
Smart Investing

Seven Smart Investing Principles for Everyone

Last fall, I obtained a copy of this document from PWL Capital entitled Seven Principles of Smart Investing.  After reading this through this white paper I reflected upon how we’re applying these principles. 1. Ignore ‘hot’ investment tips We do.  I ignore all financial tips from people who think they know where stocks or markets are headed.  They may pretend to know but they don’t. 2. Have a basic knowledge of investment vehicles I believe we do.  We use low-cost indexed Exchange Traded Funds (ETFs) and individual stocks ...

The new savings rate is more than 10% folks

I was inspired by this blogpost recently that argued we’ve been thinking about our savings rates all wrong. Cait argued: “What if, instead of telling us how much to save, we grew up hearing how much we should live off of instead? What if your parents had made you save half of every paycheque you earned as a teenager? What if your teacher (of the personal finance class that only exists in my dreams) had told you the goal of budgeting was to live off half of what you earned as an adult?” What if indeed… Here’s what I know about our financial ...

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 ...

Short-Term Savings Options That Work For Us

I spend a bunch of time thinking and reading about personal finance and investing.  One of the things that recently crossed my mind are options available to savers regarding short-term savings. Depending upon your financial goals, there are a number of products that can help you with your short-term savings.  Other products on the other hand don’t warrant any attention, at least from us.  For today’s post here are the options we gravitate to; why we prefer these short-term savings options and the reasons we avoid others. Option # 1 – ...

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