Overall in 2013 my net worth increased by $68,600 or 49%. Not bad 😀 But I can’t take most of the credit for it. As I will explain further below, more than $40,000 of my newly created wealth was purely coincidental. My financial performance in 2013 was mostly a reflection of the overall positive market trend, and not so much the… Read More »
Should we be paying off debt right now or investing? Simple question, but the answer can be complicated by our risk tolerance, retirement plans, and interest rates. But I have developed a system to help with this dilemma. My proprietary solution is a set of simple equations that allow us to calculate what our financial situation will look… Read More »
Earlier this year in April I started a swing trade which included some Suncor stocks. I mentioned how it was an undervalued company and how the stock will likely make a comeback 🙂 So I bought 100 shares at $28 each. Well I just heard on the news that Warren Buffett also bought some Suncor shares for his holding… Read More »
It’s almost been 5 years since I started this journey to financial freedom. How am I doing so far? As shown on the right side bar I’m making about $5,100 of dividend income a year 🙂 Which is only about 20% of my annual living expenses. So it appears I still have a long way to go but… Read More »
When we entrust money to a professional portfolio manager with billions of dollars under management we might assume that these people are better investors than you or I (^_^) After all they get paid huge salaries and oversee important private equity funds, mutual funds, or even pension funds like OMERS, CPP, California Public Employees, NY State Teachers, etc.… Read More »
I don’t drink coffee so it has never occurred to me before how big this industry is. Apparently after crude oil, coffee is the most sought commodity in the world. People drink over 500 billion cups of it each year. That’s a lot considering there’s only 7 billion people on this planet. Starbucks is a growing company that is… Read More »