FT, Author at Million Dollar Journey

If you’ve invested in a non-registered portfolio you’ve likely come across the tax-preparation question: How to calculate your adjusted cost base (ACB). It’s certainly a pain in the portfolio, and can be tedious and complicated at times. But it’s a necessary ‘evil’. You need to know your ACB in order to calculate the capital gain…

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If you’ve been following this blog for a while, you’ll know that most of my wealth is in the stock market for the long-term. While there are many short term stock trading strategies, many of these strategies just don’t work out for regular investors. In fact, the initial losses often turn beginner investors away from…

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Way back in 2007 when this blog was in its first year of existence, I first wrote about Canada’s best high-interest savings accounts. In the early days, I had a large portion of my savings sitting in cash and the interest rates in savings accounts were decent. After the financial crisis in 2008, interest rates…

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A reader has prompted me to update this post (originally posted in 2016). Dividend growth investing may not be for everyone, but I am a fan. I like the idea of receiving tax efficient payments from long-established companies with a track record of annually increasing their payments to shareholders. I also like the idea of…

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As markets become more turbulent and investors are seeking ways to protect profits or perhaps enhance them, call and put options are rising in popularity in an unprecedented manner. Of course, investors are much more likely to shoot themselves in the foot, than do anything productive when it comes to “calls” and “puts” – but…

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Welcome to the Million Dollar Journey 2020 (Q2) Financial Freedom Update – the V-Shape Recovery Edition! If you would like to follow my latest financial journey, you can get my updates sent directly to your email, via Twitter or Facebook, and/or you can sign up for the monthly Million Dollar Journey Newsletter. For those of you new here, since achieving $1M…

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Wealthsimple Review 2020 – Robo Advisor & Wealthsimple Trade [UNIQUE PROMO] By FT | May 17, 2020 | Comments I’ve been putting off writing a Wealthsimple review for a while now due to the fact I personally do not personally use robo advisor, instead preferring to cut costs to the bone with my Questrade, my top rated…

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All-in-One ETFs Battle: Vanguard vs iShares vs BMO Written by FT (Updated in December, 2019 by Kyle Prevost) Vanguard was the first company to jump into Canadian all-in-one ETFs back in 2018. It should come as no surprise that that the historical leader in low-cost investments was the first to roll out this superstar product. …