Life is like a box of chocolates – full of nuts! 😛 They’re also similar in that we never know what we’re going to get. Life gave me a tax refund this year so I decided to put the money to good use and invest it in chocolate. I believe the cocoa industry will continue to grow and… Read More »
North Americans pay a lot of money for high speed internet access. One way to get around this costly expense is to own the means that produce the service. This means buying shares of the internet service providers that we use. Telecommunication companies are usually very generous to their shareholders as many pay out up to 40% of annual… Read More »
I was browsing CanadianMoneyForum.com recently and came across the following thread. “I saw some commercials saying if you contribute to your TFSA (Roth IRA) every year, in 30 years you will have over one million dollars assuming a ROR in the 4-5% range. One million dollars should churn out $40-50k in tax free income. Now thinking about this further, does anyone… Read More »
Nobody likes to pay banking fees. But most monthly service charges can be waived if we sign up for additional accounts/services, or keep the minimum monthly balance in the account. (eg: maintain at least $1,500 in a Bank of Montreal chequing account to waive the $4 fee.) My personal account is with TD Canada Trust, which charges $3.95/month unless a minimum balance… Read More »
What to do when the stock market goes on sale? A smart option would be to double up on some current positions. 🙂 A couple months ago I bought 50 shares of Avigilon Corp for $25 each. However due to the negative sentiments in the overall financial markets recently AVO’s share price is down. But there’s no need to be alarmed… Read More »
As most of you already know I share all the stock holdings in my U.S. margin account under the “Portfolio” menu above. But let’s take a closer look at my holdings today. At the end of July I was holding 16 different stocks in my U.S. margin account. I gradually deposited a total of $14,000 USD into this account over… Read More »