April 2010 Net Worth Update (+1.34%) – New Beginnings Edition

Welcome to the Million Dollar Journey April 2010 Net Worth Update – The New Beginnings Edition For those of you following my net worth updates, you may have noticed that the bulk of the net worth increase is due to savings.  The savings have been higher than normal as of late due to higher household…

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Avoid the 5-Year Fixed Mortgage Trap

Should I go short or long; fixed or variable with my mortgage? “I wish I had an answer to that, because I’m tired of answering that question.” – Yogi Berra Number 3 on our list of things on which Canadians waste the most money is 5-year fixed mortgages. They are marketed as being safe and…

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The Secret World of Private Banking

I’ve read more personal finance books than I care to admit. I’ve had more conversations about money with people than I’ve had about most other subjects. I enjoy getting a new perspective on money. There always seems to be something new to learn. Recently I found out about a side of banking I’d never heard…

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Smith Manoeuvre Portfolio Update – April 2010

For those of you just joining us, below 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. I write an update every so often to show new positions added along with any market…

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