Canada’s overnight interest rate is only 1% right now and so far there is a lack of demand to increase it. A low rate environment can be very beneficial for an economy, for example, making it easier for people to pay their debts. But on the flip side there are negative consequences as well. Low interest rates hurt savers.… Read More »
“The purpose of the monetary system is to facilitate exchange, but… the penny no longer serves that purpose.” Economist Greg Mankiw There used to be a coin in North America called the half-penny, but that was eliminated in 1857 leaving the penny as the lowest denomination. Due to inflation however, the half-penny back then had more buying power… Read More »
Net Worth: Assets: Cash = $10,000 Stocks = $32,200 Home = $237,000 Liabilities: Mortgage = $212,300 Line of Credit = $4,000 Total Net Worth = $62,900* ( +4.13% MoM) Overall 2010 Numbers:Year to Date Net Worth +102.9% Investments Ave Return 7.3% Total Passive Income $650 High increase to yearly net worth is mainly because my net worth was… Read More »