Happy Canada Day & Independence Day!
Jul01

Happy Canada Day & Independence Day!

This long weekend, its Canada Day (July 1st) in Canada, and Independence Day (July 4th) in the United States of America! The long weekend always reminds me of the goal of financial independence. Every July 4th holiday weekend, I ponder about how many more July 4ths (Independence Days) will pass until my own Independence Day arrives.  Not many, I hope. Financial independence has a different meaning for each person.  For some it may...

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My Best Investments Of The Decade P3-3 (TD Bank 5-Year Stepper GIC 2008 prior to lower rates)
Mar24

My Best Investments Of The Decade P3-3 (TD Bank 5-Year Stepper GIC 2008 prior to lower rates)

TD Bank’s 5-Year Stepper GIC 2008 is the third choice.  In part 1 & 2 of this series, I described what I thought was the first & second best investments (investment decisions) that I have made within the past decade.  Some of you will be curious as to why I picked this as my third best over other higher returning investments. Again in evaluating which investments/decisions I think have been the best, I did not...

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My Best Investments Of The Decade P2-3 (Macerich during the real estate crash)

In part 1 of this series, I described what I thought was the number one best investment (investment decision) that I have made within the past decade.  This article will discuss what I ranked second. Again in evaluating which investments/decisions I think have been the best decisions, I did not measure/compare them based solely on yearly performance numbers, and instead took an overall evaluation approach.  The role the investment...

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Independence Day 2010

Happy Independence Day America! Its July 4th, Independence Day in the United States of America!  There is no better day than today to think about your financial independence. Financial independence has a different meaning for each person.  For some it may mean not having to worry about paying bills, the mortgage, or putting food on the table.  To others, it may mean not worrying about the next pay cheque, or being at the mercy of a...

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My Best Investments Of The Decade P1-3 (Wells Fargo preferred shares during the financial crisis)

In the previous article, I described the worst investments (investment decisions) that I have made within the past decade.  The best investments will be broken into a 3 part series, as the selections were very close.  I want to illustrate in detail the original circumstances/context/situations of the time, the thought processes, why I think they were the best, and also the key investment aspects of each. In this manner, I hope that my...

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My Worst Investments Of The Decade (Nortel, Bad Rental Property, Bad Decision On Navteq)

As 2009 comes to an end, a new year begins, and so does a new decade.  Evaluating ourselves and the decisions we made at the end of each year is critical for investing and life in general.  It allows us to learn and improve from our mistakes, as we target specific areas and mark them for improvement.  It also allows us to identify what has worked in the past and look to understand why. Over the last two weeks I’ve been reviewing...

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Time Makes Money

I’ve been pretty busy these last few weeks as I am hammering out some business details.  I haven’t had time to completed a new article for this week.  But I’ll leave you with something that may be more valuable, but less instructive.  Its one of my own quotes/sayings that I points to what I feel is a very important concept.  I use this quote every time someone asks me to explain what I feel are keys to successful...

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Financial Independence

Its July 4th, Independence Day in the United States of America!  I decided that today is the most appropriate day for this short post on financial independence. What does it mean to be financially independent? Financial independence has a different meaning each person.  To some people it may mean not having to worry about paying mortgage, bills, or putting food on the table.  To others, it may mean not being at the mercy of a company...

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Banks & The Lure of High Returns

I was speaking with a friend the other day, who is a senior employee at one of the big Canadian banks.  Our conversation helped to give me additional insight into the problems of the financial sector, as well as confirming my suspicions of how difficult it is for corporate management to resist the institutional imperative.  He mentioned that over the last few years, corporate management had continuously raised the yearly ROE...

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Seasonal Impacts On Investment & Business

I was on vacation at Mont-Tremblant this week. It was a very nice and relatively quiet place for a tourist location. Although its busier in the Winter (known for its skiing), from a business point of view it was too quiet in the summer. But I guess that goes for most Canadian tourist attractions, other than Niagara Falls. But then again, the falls is much less busy in the winter. Canada’s extreme seasonal changes make it...

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