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Archive for February 2011

Net Worth Update February 2011 (+1.56%)

Welcome to the Million Dollar Journey February 2011 Net Worth Update. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one million in net worth.  If you would…

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TurboTax Giveaway, Oil Stocks, Groceries and More..

Quick reminder that the TurboTax giveaway ends tomorrow (Sat Feb 26, 2011, 5pm EST)! Best Oil Company Stock? @Canadian Money Forum 10 Things I Want My Kids to Learn About Money Before They’re Adults @Frugal Dad Check out my grocery habits interview @Grocery Alerts There Is More To Risk Than Meets The Eye @Generation X…

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Yield Chasing as an Investment Strategy?

A member of Canadian Money Forum started a thread about a particular stock with an extremely high yield (19%).  In particular, the member was wondering if the stock was a good buy at that yield.  I can see how buying something with a 15%+ dividend/distribution would seem attractive initially, I mean, who needs to index…

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Book Winners, Index Funds, Social Media and More

Before we start the link fest, I’d like to announce the book winners of “The IDIOT Millionaire“. Out of the numerous entries, two lucky winners were drawn at random. Congratulations Lyne and Jane Smith! Why I don’t buy index funds @ Canadian Money Forum Social Media: The Next Bubble? @ Boomer and Echo The War…

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A Primer on Exchange-Traded Fund (ETF) Terminology

This is a post by our regular columnist Clark. An ETF is a well-known investment vehicle these days; usually, they closely track an index – be it sector or asset class – by holding the same basket of stocks or bonds similar to index (mutual) funds. The difference between ETFs and index funds is that…

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Manulife ONE Mortgage Review

As I’ve been looking into using the Smith Manoeuvre strategy, I’ve come across a few mortgage solutions that will fit nicely. Among them include the RBC Homeline mortgage, the First Line Matrix mortgage, and the Manulife ONE (M1) mortgage. The first two mortgages are similar where they have a traditional mortgage portion with a home…

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