Archive for April 2007
April 2007 Net Worth Update (+3.53%)
It’s time again for my monthly net worth update – The April 2007 edition. I’ve been asked by a reader on why I include my cash accounts in my net worth. The cash amount is the bare minimum that we keep in our accounts, even after paying all our bills at the end of the…
Read MoreRequired Down Payment Reduced from 25%->20%!
The Canadian Government has introduced legislation that will reduce the mandatory amount that home buyers have to put down on a home to avoid the expensive CMHC fees. Home buyers can now put down 20% instead of 25%. Here is the article from The Globe and Mail: …Canada’s big banks are applauding new legislation that…
Read MoreFirst Time Home Buyer – Down Payment & CMHC
To continue on with the First Time Home Buyer series from last week, I’d like to talk a little about the down payment required for the first time home buyer. There are many options available in Canada for down payments, but the general rule of thumb is, the higher your down payment, the less you…
Read MoreReader Comment: RRSP vs. Mortgage
Ed Rempel has an interesting point of view on the debate: RRSP vs. Mortgage. I thought that many of his points were valid and should be shared with you. I’ve run many scenarios of RRSP vs mortgage over the years and have found the main determining factor is a huge surprise. The top 3 factors…
Read MoreObsessive Thoughts..
Blain, the blogger @ Stock Trading 101, has tagged me and now I have to admit to my most obsessive thoughts. I guess this game is similar to the game of tag that went around a little while back where I had to tell you “5 things you didn’t know about me“. As it may…
Read MoreFirst Time Home Buyer – Qualifying
I got an email from a young graduate the other day regarding obtaining a mortgage for the first time home buyer. I thought that it was a great idea for a post. I guess that some of my posts come across as those for the financially literate, and I don’t have much for those just…
Read MoreThe 4% Retirement Withdrawal Rule
How many of you have heard about the 4% retirement rule? I suspect that those who have looked into retirement have come across this rule in one way or another. What is the 4% rule? The 4% rule is the percentage of your portfolio that you can withdraw / year while keeping the balance intact.…
Read MoreStock Contest: Million Dollar Journey Wins!
Last week, I posted about a stock contest where blog communities had to pick a stock and the NASDAQ closing price for the week. Guess what? We won! My pick of AUA.v and the NASDAQ closing price of 2490 was good enough to bring us out on top. Thanks to all that participated. I also…
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