Are you a trader or an investor? Trading implies buying and selling regularly. While investing usually means buying and holding. But what if you plan to buy low and sell high quickly, but your trade only heads lower? At this point if you decide to hold on and maybe even buy more to lower your average cost does… Read More »
The “source” in resourcefulness Tony Robbins said you never really lack resources. And the real problem is a lack of resourcefulness. Whenever you feel poor, kindly remind yourself that you don’t need money. You need resourcefulness. Most millionaires today didn’t have resources at first. But they had resourcefulness and they used it to ultimately gain resources over time.… Read More »
Steady returns in the real estate market In early 2020 I bought an investment property in the lower mainland for $450,000. It’s been 2 full years since I’ve owned it. Let’s see the numbers for this past year. Second year operating profit = 6.74% My rental income was $1,800 a month or $21,600 a year. The cost… Read More »
Making sense of real estate taxes in Canada Real estate has historically kept up with inflation. But I’m not sure if it can keep up with taxation moving forward. I’m all for reasonable taxes. I benefit a lot from government services. But at some point real estate taxes in Canada can start to feel excessive. Someone buying a… Read More »
How I Make Money Trading Options Financial independence is all about having options. 🙂 And that’s the topic of today’s post. I’ll explain what they are, and how I plan to make the most of my new options income strategy. In April I made over $700 trading options. My goal is to continue writing options every month, and… Read More »
Investing in 3 simple steps You don’t need a lot of money or skills to start investing. Here are the basic steps: Open a brokerage account. Buy a low cost, global stock index fund. Continue to build your investment knowledge. That’s it. 😀 In the YouTube video below I show how to get started building a portfolio using… Read More »