So Long, Air Canada Bonds Earlier this year I purchased some Air Canada bonds for $5,305, with an attractive coupon of 7.625% annual interest rate. Very nice! They weren’t suppose to mature until 2019. However Air Canada decided to be a jerk and redeem them early at the beginning of this month. So all the bonds were bought back, including mine.… Read More »
Slow and Steady A reader recently asked for a farmland update. So here’s the latest. I’m collecting $8,500 a year from my tenant who is growing canola on my 310 acres of farmland. He pays me twice a year, half the total amount in the spring and the other half in the fall. Here’s the latest cheque that I deposited… Read More »
Investing in a Brighter Future The Easiest $300 I’ll Make This Year Hello eco-conscious friends! I recently discovered a way to earn $300 in interest/year by using leverage and low interest rates. 🙂 For those who are interested in the details, here’s how it’s done. Step 1: Borrow $10,000 from the bank at 3% annual interest rate. Step 2:… Read More »
Why It’s So Easy to Overspend We are all tempted by instant gratification to some extent. And thanks to poorly implemented public policies it’s now easier than ever to live beyond our means. When we run out of savings, we can simply use credit to continue buying what we want. At least that’s what I usually do. 😉 Once upon… Read More »
Not So Special Around this time last month I proclaimed that I had a million dollar in assets. At first I was really happy about my situation because I thought I was unique. 🙂 But as it turns out, a million dollars isn’t all that impressive in my neck of the woods. I live in Metro Vancouver on the west… Read More »
A Crappy Way to Smuggle Gold In a story that would fit right into a heist movie, an ex-employee from the Royal Canadian Mint has been accused of stealing gold nuggets from the government facility by hiding the precious metal in his butt. Talk about gold bottoming out. I guess you can say this alleged gold heist was an… Read More »