Genymoney.ca: Make the Most of your Money
Hi everyone, this is a guest post from Hardbacon. They are here to talk about one of my favourite topics that I like to pontificate about, financial independence, specifically how to calculate your FIRE number. Coined in 1992 by Vicki Robin and Joe Dominguez in …
Looking to survive a recession in Canada? In 2020 it happened very quickly. One minute the stock market was at all time highs and there was a palpable sense of exuberance and wealth, and the next minute you see the stock market crashing, net worths …
I am a huge fan of shopping at Dollarama and even considered buying Dollarama stock in 2013 for around $30. Now the stock is selling at $149 as fo writing (Yahoo Finance), a quintuple-bagger or 5-Bagger as per Peter Lynch terminology. It is one of …
Read more8 Great Products To Buy at the Dollarama Dollar Store
When I got my first paycheque and started off in the working world, I was a bit overwhelmed with all the things that I needed to do to manage my money. If I knew in my 20’s what I know now in my 30’s, I’d …
Congratulations, you sold your principal residence and you made some money (hopefully!). The icing on top is that you don’t have to pay taxes on your capital gains because of Canada’s Principal Residence Exemption. This is the biggest tax break that Canadians have and one …
Read morePrincipal Residence Exemption: How to Calculate the ACB
When you get started on your dividend investing journey, the best part is dividend tracking. It is so rewarding to input your dividend raises that come from your dividend paying companies (without having to add your own invested capital). However, despite the popularity of dividend …
The bleeding of growth oriented investments (e.g. tech) continues. I must admit it is more fun to watch your net worth grow and see green day after green day, but the bull market party had to come to an end eventually. Here’s my February 2022 …