To become successful investors we have to think like marathon runners, because we have to stay committed to the long run 😀 So when it comes to the stock market the short term fluctuations are not important. Our perception of risk and performance should be placed on looking further down the road. Below are two made up scenarios for… Read More »
Talking heads often say that young adults are struggling more than older generations in this economy. But a recent BMO report suggests that millennials are doing just fine compared to what their parents went through at their age. The study compares the financial situations of young adults today (age 25 – 34) to that of young adults from 3 decades ago.… Read More »
I recently read an article written by the affable David Carrigg, a prolific Canadian columnist 🙂 The article is about how a public insurance company (ICBC) made a botch of things and overcharged its customers by $39 million! Furthermore ICBC not only overcharged some of its clients, but it also undercharged other customers to the tune of $71 million total. Many B.C. residents became upset. When… Read More »
I just sold my first covered call this morning 🙂 The proceed was deposited into my trading account and I am now $68.76 richer, yippee! I should do this more often (^_^) What does it mean to sell (or write) a covered call option? A “call option” is a contract between a buyer and a seller where the… Read More »
I read an article recently which suggests that single women make more money than single men in the U.S. According to a study by Reach Advisors, in most major American cities the median income for single, childless women between 22 and 30 is 8% higher than that of their male counterparts 🙂 Research has shown that young women tend… Read More »
I recently received payment from my tenant for the first half of the year’s rent. So I have $5K now sitting in the bank. What should I do with it? Well I want to invest in the mortgage market. I first heard about mortgage investing when I attended a free industry seminar. But it wasn’t until recently that I seriously started to look into it. Here’s how… Read More »