Welcome to the Million Dollar Journey March 2012 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, hopefully by the time…

Read More

Typically, Canadian and US investors invest in their respective country’s stock market and seek diversification through the other country’s market. For further diversification, they might buy stocks, mutual funds, and/or ETFs of other developed countries such as France, Germany, Japan, etc. However, growth prospects abound in developing nations across the world and such countries, termed…

Read More

With Tim Hortons being one of the most successful Canadian franchises, I’m willing to bet that you have wondered about the Tim Hortons business.  that is specifically how much revenue/profit a single location generates and how much it costs to start one up. While it’s apparent that owning a Tim Hortons is like having a…

Read More

A little while ago, MBNA launched a new “WorldPoints” series of cards to replace their Travel Rewards Elite card, which in turn was a replacement for the discontinued SPG card. The WorldPoints program is different between the U.S. and Canada, because MBNA sold their Canadian credit card division to TD, and their American cards to…

Read More

With many readers of this blog having a fair knowledge of investing and capable of making their money serve them, it is not unlikely that some readers have become investment advisors for relatives and friends (assuming they have opened up about their investment knowledge). It is probably not debilitating to the relationship as long as…

Read More

A few months back, an elderly acquaintance, after hearing about my interest in personal finance, asked if I could find some information on a stock that he held. He said that he purchased the stock over 20 years ago and could not even remember the name of the company. He said that he had the…

Read More

A little while ago, I was invited to a local CIBC event that featured a presentation by Jamie Golombek.  For those of you who haven’t heard of Mr. Golombek, he’s the Managing Director, Tax and Estate Planning for CIBC, and regularly publishes tax articles for the Financial Post.  I was a fan of Mr. Golombek…

Read More