Welcome to the recurring monthly net worth update – The October 2008 edition. Before I started writing this update, I was actually quite nervous about the result as my portfolios are deep in the red for the year.  This dramatic correction is the largest of my investing career and it comes with mixed feelings.  The…

Read More

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.  It almost sounds like a giant…

Read More

With the big hype around the upcoming Tax Free Savings Accounts, I decided to do some research to see which banks and discount brokerages will be offering the product.  I imagine that as we get closer to the launch date (Jan 2009), we will see more of them popping up. As of today though, here…

Read More

With the Canadian Dollar at 4 year lows relative to the U.S Dollar, it seems like just a few months ago where the Canadian dollar was at par with the U.S Dollar.  Oh wait, that was a few months ago!  Since the middle of July, the loonie has dropped more than 27 cents (as of…

Read More

This is another guest post from Thicken My Wallet, a former lawyer, who coincidentally used to setup holding corporations for his clients.  I’ve asked TMW to write about holding corporations as I’ve gotten many emails regarding the details of this entity. If you are an entrepreneur who owns a corporation, you may have heard of…

Read More

I didn’t come up with the title, it was the subject line of an email I got from Jenny.  Jenny is in a very common situation, she’s just about the graduate school, currently has some income, and is looking to purchase a house in the very near future. I’m 24 years old and really concerned…

Read More

Benjamin Graham is the father of value investing. Why do we call him that? Well, he is the mentor behind the greatest investor of all time, Warren Buffet. If you have read “The Intelligent Investor“, you would realize that Mr. Graham has some fairly strict criteria when choosing “value” stocks. The great thing though about…

Read More

When some of us were kids, our parents gave us an allowance to spend on important items like candy and visits to the arcade.  In other words, it was spending money to use as we please.  But now as adults, we make our own money and we need to decide how much of it goes…

Read More