Calculating Your Adjusted Cost Base

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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Best High Interest Savings Accounts 2020

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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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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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. …

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