The dividend reinvestment plan (drip) offered at most brokers is a tool for investors, it takes company dividends paid to shareholders and automatically buys more shares for them. For example if today you bought 100 shares of Bank of America for $10 per share, you would have 100 x $10 = $1000 worth of stocks in BoA. This… Read More »
The Canadian Loonie edged up higher today. As of right now you can trade 1 Canadian dollar for 1.028 US dollar. And the US based S&P; 500 is trading at a discount compared to the Canadian S&P;/TSX Composite index so I decided to take this opportunity to buy some US stocks because it’s like taking money that’s worth… Read More »
A few tricks I’ve learned to save money when driving. 1) In a multi-lane street, drive in the lane that has the least amount of cars. Preferably drive in a lane, where there are no vehicles behind you. This way you can time your stops and goes. If there is a red light 200 meters away, you don’t… Read More »
*Dividends: Discount Brokerage = $100 Discretionary Spending: Eating Out = $50 Others = $90 *Net Worth: Assets: Cash = $4,500 ( -$3,100 MoM) Stocks = $48,100 ( +$4100 MoM) Home = $243,000 Liabilities: Mortgage = $210,700 (-300 MoM) LOC Balance = $0 Total Net Worth = $84,900 ( +1.56% MoM) I put some more money into the stock… Read More »