Archive for May 2021
Best Strategies to Hedge Against Stock Market Downfall
Having a stock hedging strategy is like having insurance… sort of. In general, it’s good to have a way to minimize damage when things go wrong. In a best-case scenario, that’s what hedging against stock market crashes does. The Risks And Downsides of Hedging Strategies When formulating a hedging strategy, it is good to clarify…
Read MoreJustwealth Review 2022
Justwealth has tried to carve out a niche as the most “Financial” of the fintech platforms that have come to be categorized as “robo advisors”. This automated wealth manager was launched in 2015 and strives to be Canada’s most comprehensive online portfolio management program. With competitive rates, dozens of portfolio options, and personalized portfolio managers…
Read MoreInvesting In Collectibles as An Alternative Asset Class
While Bitcoin and Gamestop have grabbed all of the investing headlines in 2021, investing in various collectibles such as hockey cards, stamps, art, coins, and even Pokemon cards has also been quite profitable. Even large institutional investors have been getting in on the action. With so much “cheap money” floating around, and banks being so willing to…
Read MoreBitcoin Canada Guide 2022: Should I Buy Bitcoin?
We’ve had hundreds of Canadians email us or comment, “Should I buy Bitcoin?” throughout the latter part of 2020, and it has only increased in 2021 as the Canadian Bitcoin ETFs have come online. The truth is that I’m not a Bitcoin (BTC) guy. Yes, I know what it is. Yes I’ve heard Bitcoin enthusiasts…
Read MoreFinancial Freedom Update (Q2) 2021 – Portfolio All-Time High Edition
Welcome to the Million Dollar Journey 2021 (Q2) Financial Freedom Update – the first update of the year! If you would like to follow my whole financial journey, you can get my updates sent directly to your email, via Twitter and/or Facebook. For those of you new here, since achieving $1M in net worth in June 2014 (age 35), I have shifted my…
Read MoreInvesting in Canadian Retail Stocks
It is not secret that the Canadian stock market is not very well diversified by sector. Canada is largely financial, energy and materials, with all of that other stuff in between. By investing in Canadian retail stocks the Canadian investors can add some much-needed diversification. The Canadian retail stocks can also help investors profit during…
Read MoreThe Best Travel Credit Cards in Canada
Million Dollar Journey has been reviewing, comparing, and rating Canada’s best travel credit cards since 2006. With the majority of international travel plans on hold for 2022, it’s a great time to start collecting points for future plans. (Might as well put this time at home to good use!) We’ve taken a look at old…
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