Archive for July 2013
Net Worth Update July 2013 (+1.89%) – Strong Market Moves!
Welcome to the Million Dollar Journey July 2013 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…
Read MoreHow to Read and Understand Business News
Do you ever read the business news and find yourself wondering exactly what you should or shouldn’t believe? Do you find yourself thinking there is a “big picture” behind the story and you just don’t know what it is? And have you ever noticed that at almost any point in time there is an “apocalypse…
Read MoreSmith Manoeuvre/Dividend Portfolio Update – July 2013
For those of you just joining us, listed 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…
Read MoreCapital Gains Refund Mechanism – Why Mutual Fund and ETF Investors Potentially Pay Less Tax
When I see tax returns for do-it-yourself investors, I am often struck by how much tax they pay on their investments. Many high net worth investors also pay a lot of tax on their investments in “Separately Managed Accounts” (SMAs), which are marketed as being tax-efficient. With an SMA, you hire a portfolio manager directly…
Read MoreNet Worth Update June 2013 (+0.17%) – Summer Stock Market Volatility
Welcome to the Million Dollar Journey June 2013 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…
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