2016 Predictions Summer Update
I enjoy predictions, I treat them as entertainment. I had some fun with my 2015 predictions and I actually got a few of them right. Many months ago I predicted the financial markets would be a wild ride in 2016. …
Month: July 2016
Weekend Reading – Bad products, financial goals, $3.5 million and $2 cars, and more
Weekend Reading – Bad products, financial goals, $3.5 million and $2 cars, and more Welcome to some Weekend Reading – some August Long Weekend Reading at that. Here are the articles I shared this week: Balancing YOLO (You Only…
Canada Child Benefit (CCB) 101
This month, the new Canada Child Benefit (CCB) replaced the old Canada Child Tax Benefit, including the National Child Benefit Supplement and the Universal Child Care Benefit. Today’s post will explore the essentials of this program. First up, some information…
Balancing YOLO and Saving for Tomorrow
What the heck is YOLO? Is that a typo for Yo-Yo? No. It’s what the kids say these days: You Only Live Once. True enough kids. But what does that mean when it comes to saving for tomorrow? What is…
Weekend Reading – DIY investing, Smith Manoeuvre, Canadians not saving and more
Welcome to some fine Weekend Reading friends. The blog was busy this week – I managed to post three articles: This one about our 2016 financial goals This post about starting our journey out of pricey mutual funds and into…
CRM2 or in the plain language – investor sticker shock
You wouldn’t overpay for pizza or beers on a Friday night would you? That’s because you know what you want and exactly what you’re paying for. The same cannot be said for millions of Canadians when it comes to investing…
Six years ago – switching from mutual funds to ETFs
For decades, mutual funds have been a hugely popular way for Joe or Jane Canadian to own pieces of companies. For years, I thought this was a great way to invest too. Many investors still believe in this route and I…
2016 Financial Goals – July Update
Welcome to my second financial goals update for 2016. I’ve always liked this napkin-drawing from Carl Richards because it’s very true. All plans in life are basically a set of assumptions. This makes planning in our lives important for two…
Weekend Reading – Robbing you blind, anti-RRSP, Clinton persuasion and more money stuff
Welcome to my latest Weekend Reading edition. Time for The Open Championship! I’m looking forward to watching the action from Royal Troon this weekend, with fond memories of visiting Scotland last summer and watching The Open live – it was…
Stop obsessing over net worth
Stop obsessing over net worth Net worth is one of the most widely used metrics to report financial progress. This calculation is commonly used in part because it’s a simple and easy metric to understand and apply: Net worth =…