Archive for August 2008
Labour Day Weekend Roundup – Aug 31, 2008
Happy Labour Day Weekend! Since it’s a long weekend, I have compiled a large list of great personal finance reads to catch up on. I’m going to take a break and enjoy the rest of the weekend. So no post Monday but back to regular programming on Tuesday with a book giveaway! Consumerism Commentary critiques…
Read MoreAugust 2008 Net Worth Update (+1.27%)
Welcome to the recurring monthly net worth update – The August 2008 edition. This summer is turning out to be a little expensive. As predicted a few months back, now that my wife is back on her feet and settled into the baby routine, she is now in home decorating mode! Of course with a…
Read MoreSmith Manoeuvre Portfolio – August 2008
For those of you just joining us, this is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. For more detail, check out the modified smith manoeuvre strategy. Onto the business at hand. I…
Read More4 Reasons Why Index Investing May Not Be for You
The personal finance blog world is all about index investing. Rightfully so as indexing provides a cheap, efficient, easy and profitable method of investing for the long run. Up until recently, my investing style has been a mix of indexing, stock picking and short term trading. However, after learning more about the benefits of indexing,…
Read MoreShould I Withdraw from RRSP’s to Pay Credit Card Debt? RRSP Withholding Tax Explained!
I’ve gotten a couple emails from readers lately regarding getting rid of their credit card debt by withdrawing from their RRSPs/retirement account. My first thought was that it is a very bad idea. Before we start with the scenarios, lets look at some of the basics: RRSP Withdrawals and Withholding tax: Withdrawals from an RRSP…
Read MoreTop 10 Foodie Millionaires
This is a guest post by The Restaurant Blogger who is a major foodie and restaurant entrepreneur. If you’re interested in the food and restaurant industry, make sure to check out The Restaurant Blogger for insider tips. When we talk about millionaires, we normally never include chefs. We just never would imagine how much a…
Read MoreSunday Reading – August 24, 2008
Hopefully you are enjoying the last bit of summer! If you are stuck indoors for a bit, here are some great personal finance articles for you to browse through: My Dollar Plan has continued with her early retirement announcement in “Leaving the Workforce at 29: Where Do I Go From Here?” Frugal Dad explains Why…
Read MoreNo Fee Banking, Cheap Books and Roundup – Aug 22, 2008
Cheap Banking and Books A little birdie has told me that PC Financial is about to have some serious competition. In the fall, Citizens Bank will be offering a no fee chequing account with no minimum balanace! Including in the no fee account are free cheques, interac and ATM transactions. You can find more information…
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