Expensive Diamond Sells for Record Price In 2014 Hong Kong real estate mogul Joseph Lau bought his daughter, Zoe, a rare 10 carat blue diamond for $32.6 million! But when his other daughter, Josephine, found out she understandably became jealous and asked him for an expensive diamond too. He couldn’t help but feel guilty and obliged to buy her something special as well.… Read More »
Complaints are Opportunities in Disguise Picky eaters like to whine and dine. But food isn’t the only thing people complain about. Although whining isn’t productive, it’s a legitimate coping mechanism that shifts blame and responsibility to other people. But if handled correctly, complaints can be turned into opportunities. In order for there to be a complaint, there must be something else… Read More »
House it Going in the Real Estate Market? So this is the kind of house you can expect to buy in Vancouver today for about $1.19 million. To put this into context, the same $1.19 million could be used instead to create a dividend growth portfolio that would generate $40,000 each year of tax advantaged income for a lifetime. 🙂… Read More »
Mortgage Investment Corporations Returns in 2015 The Toronto Stock Exchange lost about 9% last year. But one group of investments that performed well in 2015 were mortgage investment corporations (MIC.) In the beginning of 2015 I held three different MICs. Since I didn’t add any new positions throughout the year it’s easy to calculate my total annual returns from them. Let’s take a… Read More »
More Income Streams Most people can make over $100,000 a year if they’re committed to improving their formal education, be dedicated to their careers, and be willing to work 60+ hours a week. But unlike most people, I’m lazy and don’t like to work hard. 😛 So I prefer to use multiple income streams to eventually earn a $100,000 annual… Read More »
The Current State of Canada’s Economy The economy isn’t so hot these days. Oil is down and so is the Loonie. The issue isn’t that we’re at a low point in the economic cycle. The problem is how quickly this happened and caught most people off guard. The price for a barrel of oil fell from $100 to… Read More »