We usually hear a suggestion to invest it and then forget about it until the day we need the money in retirement. Totally understand where this is coming from. People live a busy life and investing is not something they enjoy doing. Therefore, some experts aim to simplify investing and make it easy. Besides, passiveContinue reading “Invest it and forget about it?”
Category Archives: Investing
Tax bill shock – capital gain distribution
Tax season is just around the corner. Some of us might have received a tax bill shock from capital gain distribution. Let’s imagine this scenario. We are very careful and disciplined. We didn’t sell any securities in our investment margin accounts because we understand that it is taxable right away without the tax shelterContinue reading “Tax bill shock – capital gain distribution”
What if we made a big investment mistake?
One of the most common investment mistakes is lack of diversification. Invest too much money in one sector or worse one company. Recently, there were the cannabis bubble and the crypto crash. Some people invested most or even almost all their portfolio in one of these sectors and suffered a big loss unfortunately. ThereContinue reading “What if we made a big investment mistake?”
Fire the financial advisor due to investment loss?
Read quite a few news articles that many investors asking the question whether to fire their financial advisors because their investment lost money last year. Perhaps the first question is to ask whether portfolio mix is suitable for the investors’ investment horizon – how long they can keep it invested without withdrawal. The second questionContinue reading “Fire the financial advisor due to investment loss?”
Recession is looming?
Major US banks set aside $4 billion for default of loans due to a possible a recession. Goldman Sacks to lay off 3,200 employees to cut cost. 60% of US CEOs predict a short recession per Conference Board survey. Just today, Goldman Sacks reported 69% drop in profit in last quarter due to decline inContinue reading “Recession is looming?”
Year end rally?
Or so-called Santo Claus rally? Investing professionals have been talking this year-end rally before year end. The reasoning is technical analysis. Quote a few people cited how many years out of the past how many decades got this rally. Therefore, it is likely to have one. It didn’t seem to happen for 20022. This reasoningContinue reading “Year end rally?”
Is it a good time to buy GIC?
I heard from quite a few financial professionals suggesting that now it is a good time to buy GIC because the interest rate has not been so high for a long time. It all depends on when the person needs the money. If the person got a decade or more, perhaps it is a goodContinue reading “Is it a good time to buy GIC?”
A few considerations of TFSA
If someone’s household income is in high tax bracket. They might want to minimize the interest generated in the margin account because it is not tax sheltered. It might be better to put the securities with price appreciation such as growth stocks. One day when they need to sell them, they could transfer-in-kind into TFSAContinue reading “A few considerations of TFSA”
Stop saving temporarily?
First, just to share a piece of statistics. Canadian consumer credit card debt in Q3 2022 increased by around 22% from the pre-pandemic level per according to Equifax Canada’s latest credit trends report. Second, let’s put things into perspective. Usually, the credit card annual interest rate is around 20%. It only takes 4 years forContinue reading “Stop saving temporarily?”
Canadian Crypto FOMO
Per the latest podcast of The Decibel by the Globe and Mail – FTX and Canadian crypto FOMO, FTX wanted to enter Canadian Market because but it never completed. One possible reason is that they didn’t open their accounting/financial records to Ontario Securities Commission. Should we Canadians be proud because Canadian investors have better regulationsContinue reading “Canadian Crypto FOMO”
Worthfy Financial Literacy Counselling 