With a new year comes new challenges. I thought I’d write down a few 2014 goals for myself. “If you want to live a happy life, tie it to a goal, not to people or things.” ~ Albert Einstein 1) Increase net worth by $55,000 Last year I aimed for $50,000 and passed. This year I’m upping the figure… Read More »
Retiree Wins Lottery – Then Gives it all Away What would you do if you won the lottery? Tom Crist, retired CEO of an electrical wholesale company who lives in Calgary, said he’s giving away his entire $40 million Lotto Max prize. He lost his wife to cancer 2 years ago. He now plans to put the lottery… Read More »
Last year I wrote a post about how to invest in foreign currencies and how I personally bought a lot of U.S. dollars and Chinese Yuan. Luckily those decisions are already paying off 🙂 $USD gained against $CAD in 2013, and the Yuan is now trading higher than when I bought it. Don’t worry if you didn’t pull the trigger… Read More »
Overall in 2013 my net worth increased by $68,600 or 49%. Not bad 😀 But I can’t take most of the credit for it. As I will explain further below, more than $40,000 of my newly created wealth was purely coincidental. My financial performance in 2013 was mostly a reflection of the overall positive market trend, and not so much the… Read More »
In the beginning of 2013 I set out 6 financial goals to complete by the end of the year. Time to recap. 1) Increase net worth by $50,000. Pass 😀 North American stock markets had double digit gains in 2013. Bumper crop in the prairie provinces pushed farmland values to new highs 🙂 Real estate market in Canada also performed… Read More »