Technical Analysis - Not For Indices
The basic premise of technical analysis is to use past stock performance to predict future price trends. Technical analysis is one of the most debated strategies in all of investing. Whether it is beneficial for making money on the stock market is not the topic of this post. Personally I do believe in technical analysis [...]
The Power of Money
It has been said before that money is the root of all evil. Personally, I see the world from a different perspective: It’s the lack of money that leads to poverty, crime, and the worst within a human being. Money itself is not a necessary evil, but it is necessary. We all make money, spend [...]
The Great TFSA - Questions Answered
The Tax Free Savings Account is a Canadian registered savings account in which any gains are exempt from income tax. It was introduced at the beginning of 2009 as a vehicle to help people efficiently save money. Today we are going to look into 3 things: Main TFSA features, differences to a RRSP, and the [...]
Earnings Vs. Net Worth
You’ve worked hard to get where your at, and now the bucks are rolling in. You’re netting $50,000 annually, and life is good. But wait a second… Making good money has given you bad habits, because you’re also spending $65,000 annually. That leaves you $15,000 in the hole, and the deficit is increasing each year. [...]
A Dollar Saved is Two Dollars Earned
How important is it to save your coins? Most of us spend our change without a second thought. “It’s only a dollar” we say. And yes its true - a dollar doesn’t go a long way these days. But is a dollar really only a dollar? Maybe a dollar is worth more than you think. [...]
How do we Define Wealth?
What exactly is wealth? Its one of those words that has no clear definition. We generally think of wealthy people as being lavished by riches beyond comprehension. An abundance of valuable material possessions in great excess generally comes to mind. It is not clear whether wealth refers to the value of ones net worth, or [...]
Investing in the Stock Market for Beginners
The stock market can be an exciting yet intimidating place to invest. For the rookie investor, summoning the courage to dangle your hard-earned money on the open market may prove overwhelming. It seems like for every stock market success story, there is an equally large failure in which somebody “lost it all.” Maybe you are [...]
Avoid the Financial Trap - The Key to Wealth
We’ve all heard it before: start saving early in life for retirement. Although its easier said than done, we must learn how to dicsipline our spending from an early age. Every dollar we spend today is really costing way more down the road. Similarly, every dollar we spend now means we have much less to [...]
Asset or Liability - Know the Difference
I’ve often noticed how some people incorrectly use the word “invest.” The real word they were looking for was “purchase.” Nobody has ever invested in a new pair of shoes - no matter how good the sale was :-) Yet, I’ve heard that line far too many times. What is a true investment? How do [...]
