Nov 272014
 

Stock Split

Earlier this year I wrote a post about buying Dollarama stocks. 🙂 I mentioned $DOL has a history of growing profits and I like the financials of the business. I saw potential promise so I acted accordingly. Well today, about 7 months later, my investment in this thrift store is up over 20%, which has outperformed the TSX/S&P Composite by 5 times during the same period. Not too shabby. 😉 Making money in the stock market is all about knowing which companies to look for. 😀 And earlier this month Dollarama shares split 2 for 1 because its shares were getting too pricey. This is great news for shareholders! I list all my other TFSA holdings on the blog’s portfolio page.

Like Uber in the Sky

Happy Thanksgiving to friends south of the border. 🙂 If you are travelling by air during this time of the year then you may be interested in this new service called Bounce. Teterboro airport (in New Jersey) is one of the busiest of its kind in the country. Bounce is a service that will pick up passengers by helicopter from New York City, and fly them to Teterboro airport where presumably their private jet will be waiting for them. This is a great business idea and I’m sure will become popular. How it works is you call the service to pick you up. Within 20 minutes a Bounce chopper will arrive on your helipad. You pay $800 for up to 6 people, and the helicopter takes you to the airport.

14-11-bounce-helicopter

$800 might seem expensive as first, but when you split it between 6 passengers that’s only $133 per person. That’s roughly the same price as taking a black car or limo to the airport anyway. But instead of spending 45 minutes in traffic in a car, Bounce will get you to your destination in less than 5 minutes by air. 😀 Now you can travel in style. I would totally use this service if it was available in Canada. 🙂

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Dec 012012
 

Mark J. Carney, the Governor of the Bank of Canada controls what our central bank does on interest rates. Governors get paid between $431,80 to $507,900.  The reason our mortgages are so affordable today, and why Canada didn’t have an economic meltdown during the last recession is largely because of Mr. Carney. Prior to his current job he had a 13 year career with investment bank, Goldman Sachs and has worked in their Tokyo, New York, and Toronto offices.

mark carney

Earlier this week, Mr. Carney was appointed to become the next governor of the Bank of England. His new job will start around summer of 2013. This is most certainly a loss for Canada, but we should celebrate that a Canadian has been chosen to become one of the most influential financial leaders in the world. Nobody knows why he decided to accept the offer, but I think it might have something to do with the ₤624,000 ($993,000 CAD) compensation at his new job 😉 It’s hard to say no to practically doubling your salary. It’s okay Mr. Carney, we understand it’s nothing personal. It’s just business 😀

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The TFSA contribution limit is going up next year from $5,000 to $5,500. This means one month from now we can invest more of our money and not get taxed on the interest or dividends we make \(^_^)/ If you’ve been keeping track, that’s a total of $25,500 contribution room from 2009 to 2013 inclusive. The loonie bin blog takes a more in debt look at the announcement. If you are making less than $60,000 a year, I would strongly recommend you consider maxing our TFSA before your RRSP. On the other hand if you make six-figure annual income like more than a quarter of you readers apparently are (referring to the poll on the right ->) then contributing to your RRSP is most likely a better strategy, especially if you’re married.

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In global news, a couple in China has refused to allow the government to destroy their home to build a freeway. They claimed the relocation compensation offered to them by the government would not be enough to build a new home for themselves so they decided to stay put and the road was forced to be built around the intact home, probably making this an unintentional tourist attraction now 😀 It’s nice to see that Chinese citizens do have property rights after all.

house in middle of street in china

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Foot traffic analyst ShopperTrak estimates nearly 308 million shoppers hit the streets for Black Friday sales, a year-over-year increase of about 3.5 percent. Yeah, go consumers! Keep buying stuff at record amounts so the companies I own will continue to make record profits! The S&P 500, Dow Jones and NASDAQ were up 1.3%, 1.35% and 1.38% respectively on Black Friday, Nov 23rd.

line up of shoppers for target

Cyber Monday 2012 was also a huge success, with preliminary figures showing a 17 percent increase over the already robust sales from 2011. A total of $1.46 billion was spent online in that single day, making it the busiest day for online commerce in American history :0)

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