The annual world’s wealth report by Credit Suisse financial group was recently released. For the first time in history, the top 1% of the world’s richest now owns 50% of all the wealth. And I bet they’re working hard to get the rest, lol. 😀 Here are some of the highlights I found interesting from the report. Wealth is defined… Read More »
Stocks Continue to Fall Stock markets in September continued to head lower. The Dow Jones dropped 2% during the month. The S&P500 fell 3%. And up here, the TSX Composite fell 5%. This isn’t inherently good or bad. It’s good for beginner investors who are thinking about buying their first index fund. But it can be bad for… 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 »