One of the reasons why people love dividends, especially in the accumulation stage, is that they like the idea of being paid from their investments and using those investments to buy more of the same securities. This can be done in an automated matter by...
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When I was a young boy living on the more rural outskirts of Chilliwack, BC, my brother and I would often go over to our cousin’s place just up the road and sleep outside overnight. This was in the summertime, of course. We would look...
Read MoreAre you looking for New Years Resolutions? If your ideas involve financial concerns, you have come to the right place. Below are nine different options to consider for 2023. All will require a bit of work to accomplish, but equally, all will leave you in...
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Many Canadians have a reasonable degree of net worth. Millionaire households are not that unusual if you consider the value of housing, especially if you have been a homeowner for 20 years or more, which would be the case for many who are approaching retirement....
Read MoreLast week, I wrote a blog post arguing that one should be indifferent to dividends when it comes to security selection. A good friend responded with a few questions, inviting me to write a second post on the subject. Here you are, Mike … and...
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Scenario Let’s imagine that you are 35 years old and you have just inherited $50,000. You wonder whether it makes sense to contribute to your RRSP, your TFSA, or whether you should open a non-registered account and invest the money there. You live in Ontario and your...
Read MoreYou have had it. You cannot stand even one more winter of shovelling snow or fearing the loss of your fingers and toes from frostbite. You are going to retire to Panama, or Malaysia, or Portugal, or… There are lots of lists on the internet...
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Debt is not a fun topic. Well, maybe it is if you like engaging in stories like those of the Four Yorkshiremen, later popularized by Monty Python, who sought to outdo each other with their personal histories of poverty. https://www.youtube.com/watch?v=VAdlkunflRs Poverty and debt are not, of course,...
Read MoreAs I write this at the end of May 2022, we are now about a month past the standard tax-filing deadline in Canada. Depending on the results of your return and your stage in life, you may have been contributing to or withdrawing from any...
Read MoreAffordable housing is a huge issue in household finance these days. Prices have increased to ridiculous levels. Governments are under pressure to address this situation, even though they are being pulled in two directions. On one hand, the real estate industry is a major part...
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