How to Prepare for Higher Borrowing Costs My debt to income ratio is about 500% while the national average is around 173%. Readers sometimes email me and ask what I will do when interest rates rise. My answer is simple. I tell them I will pay down my debts in an accelerated manner prioritizing the highest interest loan first.… Read More »
Summary of Financial Market Returns 2017 was a great year for investors, particular for those with long exposure to emerging markets overseas. 🙂 Nearly every asset class experienced positive returns. The best performing one was cryptocurrencies. It grew from a market capitalization of $20 billion to $800 billion in the last 12 months. To put that into perspective… Read More »
Hello friends. It’s a new year. 😀 My investment strategy for 2017 was simple; to buy dividend growth stocks and alternative investments. Dividend stocks and alternative assets tend to grow in bull markets but also hold up well in recessions. The plan is to earn respectable returns while reducing risk to the downside. Here are my 2017 results.… Read More »
Year In Review It’s been a year since I began investing in the peer to peer lending platform Lending Loop. I was anticipating a return of 8% when I first wrote about it. However things turned out better than I expected. I started the year with $20,000 and have earned just over $2,000 in interest now. So my… Read More »
Significant Inheritance Coming for Half of Households According to data from Statistics Canada, nearly 50% of households can expect to inherit a significant amount. In fact, the aggregate net worth in 2012 of all senior households was $2.18 trillion while the number of households headed by someone between 45 and 65 was 5.8 million. Dividing the numbers, each household… Read More »
How high can it go? Back in Sept I blogged about buying some cryptocurrencies, and posted my Ethereum purchase transaction. At that time ETH was trading at $230 US. Today the price is over $700 US. Sweet mother of mammaries! 🙂 And just last month when Bitcoin was trading at $7,300 US I tweeted that the price would… Read More »