Lending Loop Update I’ve been investing with Lending Loop for over 2 years now. My first year in 2017 was better than expected, ending with a 10% return net of expenses. I was only expecting an 8% return. In today’s post I’ll dive into my 2018 performance with Lending Loop and also explain how the site has changed… Read More »
Slowing Economy and Rising Insolvencies It was a pretty good month for stocks. The Dow Jones actually gained 11% during the first 2 months of 2019, its best 2 months in a decade. 🙂 But not everything is looking positive. Bond yields have been falling since December, suggesting slower growth. And the number of Canadians who filed for… Read More »
Hundreds of millions gone missing affecting 115,000 clients The country’s most widely used crytocurrency trading platform, QuadrigaCX, recently filed for creditor protection as it had lost access to nearly $200 million in Bitcoin and other cryptocurrencies. Altogether including Canadian cash, the company owes $250 million in assets to its 115,000 customers. Jeebus! 😮 According to statements from his… Read More »
Markets make a big comeback in January December 2018 was a terrible time to be long in the stock market. If it weren’t for the brief rally on the last week of the month, the S&P 500 and Dow Jones would have had their worst December since the Great Depression. But suddenly the bulls took over in the… Read More »
Putting Household Debt into Perspective . Canadian households currently owe more than $2 trillion. Our average debt to income ratio increased to 170%, making us number 1 among the G7 countries. 🙂 But do we actually have too much debt? Well perhaps not. Comparing Canada to the G7 group conveniently omits other highly developed countries. Australia’s national broadcaster… Read More »
Changes in the Financial Markets in 2018 Currencies: Canadian dollar weaken from 0.80 to 0.73 USD.(Less purchasing power and more expensive imports, such as food from the U.S.) U.S. dollar index up to 96 from 92.(Non Americans pay a higher premium to buy U.S. investments.) Stock Markets: Most markets around the world dropped in 2018, especially Emerging and Asian markets.… Read More »