The R Word Stock markets fell about 5% in August and my assets have dropped in value. Canada is technically in a recession now. 🙁 Oy vey. But we investors are deep thinkers. For example, if pencils came with erasers at both ends, what would be the point? ? So we understand that recessions are necessary for economic growth to… Read More »
Oil Producers Languish as Airlines Fly High ✈️ Oil executives sometimes use crude language, especially to describe their disappointment of low oil prices. With the WTI price at around $48 a barrel it’s very difficult for North American oil producers to make a profit. ⛽ The 50% decline in crude price over the last year forced Husky Energy (HSE) to… Read More »
Greece is holding a referendum tomorrow, Sunday, on whether or not they want to accept the bailout terms from their creditors. I’m not great at economic forecasts but I feel like the majority will vote yes for better or for worse. [Edit] The result is out. Greeks voted No, lol. This is why I’m not an economist. [/Edit] In other… Read More »
April has turned out to be one of the best months of the year so far. 😀 -Stock markets climbed roughly 2% in Canada and the U.S. (27% annualized return) -The bond market is paying higher interest rates. Great for new fixed income investors. 🙂 -Real estate market continues to stand strong. What bubble? 😛 -Canadian dollar strengthens against other… Read More »
The overall stock market in March dropped a little bit. It appears growth has stalled in Canada due to continuing low oil prices. But thanks to my side incomes I ended the month with a slightly more positive net worth. 🙂 Side hustles are important during tough economic times because if I lose my full time job at least I’ll have a financial… Read More »
The owner of the company showed up to the office one day in a fancy new sports car. One of his employees complimented him on the new vehicle. “Well,” replied the business owner, “if you set goals, show determination, work really hard and put in the long hours, I can get an even better one next year.” 😀… Read More »