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 »
January is one of my favourite months because I tend to benefit from the New Year’s bump phenomenon which earns me a lot of money without requiring me to do any work. A typical monthly net worth increase for me is roughly $4,000. But in January this number can easily double. This annual boon is the product of two main… Read More »
When the Toronto stock exchange dropped 8% in the first 2 weeks of December I thought 2014 was going to end on a down month. But fortunately confidence came back to the market and investors pushed stocks back up. In the end it was a pretty flat month with minor gains in some sectors. 🙂 Had the TSX stayed down at… Read More »
In January of this year I wrote down 3 goals for myself to accomplish this year. Here’s a recap of those 2014 financial goals. 1) Increase net worth by $55,000 Pass! From the end of December 2013 to now my net worth has increased by more than $110,000. I never expected to exceed my target by twice as much, so that’s a pleasant surprise. Here’s a… Read More »
I’ve had a decent month resulting in a wealth gain of $5,800. Mostly thanks to my investment gains. I received $200 of interest payment this month from my Sherritt high yield bond, with an 8% coupon, which I blogged about how to buy earlier this year. The price for a barrel of oil has fallen in the last 3 months from… Read More »
Last month was quite the roller coaster ride. But maybe all this market volatility is a good thing. The rich keep getting richer because the assets they own, like stocks and real estate, continue to grow in value. But this is a worrying signal because high levels of inequality have usually lead to recessions in the past. For someone… Read More »