Signs of financial stress. The effects of higher interest rates have a 6 to 12 month lag period before showing up in the general economy. It appears we’re seeing those related issues now. A Canadian real estate lender has recently halted redemptions on its fund. This means investors can’t get their money out which is a pretty big… Read More »
Has the stock market bottomed? Just five tech companies control nearly 25% of the S&P 500 index’s market cap. AAPL, MSFT, AMZN, GOOG, and META all report earnings this week. Their results will likely determine the direction of the market for months to come. This is a pivotal time that could either turn everything around for the stock… Read More »
The economy is showing signs of weakness and I believe there’s a good chance the U.S. is currently in the middle of a recession. If not, it will probably be in one by the end of this year. Here are some data I’m keeping track of to make my financial decisions ahead. 🙂 Unemployment rate: 3.6% The… Read More »
So long 2021 What a year it has been. No matter if you switched jobs, made money in the markets, or faced financial hardships, it’s fitting to say that this has been a year of change for many people. Personally it has been an incredible year for myself and my wife. In terms of income we both made… Read More »
Happy New Year! 😎 As a personal finance blogger, I celebrated New Year’s Eve properly in the traditional fashion – by looking up the new value of my home on the BC assessment website. 😀 Needless to say my condo’s assessed value for 2020 has dropped. I will update my net worth next month to reflect the new… 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 »