Preparing For Slower Growth

Canada’s trade deficit rose to a disappointing $3.4 billion in August, one of the highest ever recorded. Economists had predicted $2.6 billion, lol. They were way off. Both imports and exports were down, which suggests the entire economy may be in trouble. It doesn’t help either that Canada’s currency has advanced 7% over the past 6 months, largely… Read More »

Turning Generic Advice into Practical Advice

Knowledge is not enough. It must also be applied. Good financial advice is easy to come by, but not always implemented effectively. The tips and suggestions on personal finance blogs are, for the most part, pretty generic. Unfortunately most people would read a few articles and quickly become bored of the topic because they don’t get anything meaningful… Read More »

Sept 2017 Fiscal Update

We are now 3 quarters into the year. The S&P 500 and Nasdaq both hit an all time high to close out September. Up here in Canada the S&P/TSX Composite grew by 3.7%. Gross domestic product (GDP) was essentially unchanged, at zero per cent growth in July compared with June, Statistics Canada said last week. I suspect that… Read More »

Breaking Down Investment Objectives

Understand Why You Invest Before You Invest There should always be a goal, or objective attached to an investment. But not all investments require them to have the same goal. Here’s a list of some objectives, and how they’re different. Investment Objectives Capital Preservation – To seek maximum stability for our investment by investing in assets that are associated… Read More »

Investing in Blockchain Technology

What is a Blockchain? A blockchain is basically a digital and decentralized ledger that can record virtually any type of transaction between 2 parties in an efficient, verifiable, permanent, and secure way. The first blockchain was conceptualised by Satoshi Nakamoto in 2008 and implemented in 2009 as a core component of the digital currency Bitcoin, where it serves as… Read More »

Canadians are Making More Money – Kind of

Median Income Grows to $70,336 The results from last year’s national census about family incomes have been released. Below is a table showing how much we all made in 2015. Overall the median national income was $70,336. This means half of Canadian households made more than this number, and the other half made less. Atlantic provinces and Quebec… Read More »