What Is The Purpose Of Having An Emergency Cash Reserve? When there is a leak in your home, it's important to act quickly to minimize the immediate damage before you can deal with the source of the issue. Having an emergency cash reserve works the same way as a bucket would to contain the water […]
Over the course of most people's life, there are a number of major expenditure decisions that we must all face. Here we look at why each of these 5 key decisions are so important and what you should consider before making your decision. Your Car Purchase A car purchase is far from the biggest decision […]
Have you ever tried to convert your Canadian dollars (CAD) into US dollars (USD) or vice versa? You may have noticed the exorbitant fees that is charged to you on top of the exchange rate. Most banks or brokerages are either charging you a direct fee and/or spread that amounts to 1.5% to 2% of […]
Managing liquidity is a challenging task and much more important than we realize. But what Is Liquidity? Liquidity is the ease an asset can be converted into cash without incurring significant costs. Cash, by definition is the most liquid asset. On the other hand, something like a 1st edition base set PSA 10 Charizard is […]
When it comes to investing, retail investors have always been playing a game of catch-up against the big institutional investors. While this trend is not going away any time soon, we should still work towards closing that gap. What Advantages Do Institutional Investors Have? Capital! Capital! Capital! - At the end of the day, more […]
On the surface, it may appear that short sellers only profit off the failures of others, or specifically, the failure of a company. Although one can interpret it this way, the idea that short selling is unethical is rejected by almost all academics, practitioners and policy makers alike. The ability to short sell serves a […]
What Is Short Selling? The concept of short selling is actually quite simple. The short seller borrows a stock, and proceeds to sell it immediately, receiving the proceeds up front. The short seller has the intention of buying the stock back at a later date for a lower price to return to the lender. Why […]
In 2017, I decided to test the waters of Airbnb. I had a condo that I did not stay at on a full time basis. This started me on a journey to discover a new appreciation of being able to work for myself. After almost a year of hosting on Airbnb, I decided to sell […]
If you are running your own business in Canada, your family members can help you reduce the overall tax incurred as a family unit! This strategy can be used if you are running your business as a sole-proprietor and have a family member who is in a lower income tax bracket than yourself. For example, […]
We all know that governments engage in a lot wasteful spending. The truth is though, as an individual there is only so much we can do to influence how government spends money. But what we do have control over is our own personal spending. Here are some ways you can reduce the bulk from your […]
You might have an extra room, separated suite or investment property and wondered if you should rent it out long term or short term. It is a good question to think about, especially because most people tend to think of long term rentals as the default option. In this article I will break down long […]