Humility is a useful investment trait. Overconfidence is a terrible crutch. Unfortunately, I have come to believe that there are many things in life that one must learn for themselves. I read many bloggers who profess that they have the “correct way” to invest. And their confidence is alarming. That is one area where I have zero pretension about being an expert. There is likely very few experts in this arena. I also believe that there are many options for one to strike it rich….Continue Reading “Humility”

I enjoying listening to financial podcasts. But I hear a lot of noise about lenders and credit risk. One of the things that I am good at, is to be simple. There is a reason I have fully paid off mortgages. There is a reason I do a whole host of things. I regularly try to minimize risk in my life when possible. Real Estate Risk Pay off the mortgages on all personal property. I did a modified version of this even when I held…Continue Reading “Stay Simple With Finances”

I had bought the Canadian ETF (VCN) in 2016. However, I quickly became distracted and did not pursue it any further. During Spring of 2018, since this blog started, I began to invest in an orderly fashion with a group of broad based, low cost ETF’s. I am mirroring the portfolio of The Canadian Portfolio Manager- Justin Bender. I rave about Justin Bender and Dan Bortolotti since they have allowed me to engage in ETF investing as a DIY investor. Since I DIY almost everything…Continue Reading “Invest With An Excel Spreadsheet”

This blogging has paid off handsomely. It has literally forced me to review my financial setup. I have become ruthless in streamlining my finances. I have been closing bank and investment accounts. I began 2018 with 23 accounts for credit cards, bank and investment accounts. I currently stand at 14 accounts. It has been a busy number of months. Accounts To Close In 2018 Close a Real Estate Holdco which I opened to hold our office unit. This will be absorbed into our original Holdco….Continue Reading “Simplify Financial Accounts”

Assets 2018Q3 2018Q2 Change % Change RE 1- Home 3,030,000 3,030,000 0 0.0% RE 2 852,450 852,450 0 0.0% RE 3- Office 448000 448000 0 0.0% Corporate Accounts 3889848 3757713 132135 3.5% RRSP 523849 520305 3544 0.7% TFSA 120758 120101 657 0.5% Personal Accounts 316079 306177 9902 3.2% Commodities 41404 44289 -2885 -6.5% Networth 9,222,388 9,079,035 143,353 1.6% Asset Allocation % AUM % Equities 11.7 Fixed Income/ Cash 79.1 RE 3- Office 8.4 Commodities 0.8 100.0 Investable AUM 5,339,938 Investable AUM Ticker Portfolio % Totals…Continue Reading “2018Q3 Update”

I have been reading all about FIRE lately. I so-called retired when I was 36 years old. I never told anyone. I also was not asking for permission nor was I trying to get a majority vote. This was a very personal goal and it really was no one’s business. This was between my husband and I. Since he was too busy starting his new practice, I suppose it was really my business. Thankfully we have always encouraged one another to do as we wish….Continue Reading “Show Me The Money (Guarantee)”

I have visited my accountant to review options with the new CCPC (Canadian Controlled Private Corporation) changes. The issue with the SBD or small business deduction and the new 50K per year passive income rule. For every dollar earned passively above the 50K per year, you will lose 5 dollars of SBD room. Once you are up to 150K per year of passive income, you would lose the entire amount of lower taxation for business income. If you lost the entire amount, it would equate…Continue Reading “Dealing With CCPC Changes”

I believe part of my regular happiness stems from the fact that I sort of lack ambition. Not for everything but I do for a lot of things. It struck me recently when I met up with some more medical colleagues. I notice when physicians talk amongst themselves, it is sort of a one upmanship contest. The latest and greatest offering has to do with being “invited” to restaurants where no one could ever get a reservation except with special connections. I wonder if this…Continue Reading “How’s Your Neighbourhood?”

Recall the movie Fight Club with Brad Pitt? The first rule of fight club…. When it comes to personal finance, there most certainly is the first rule. And that first rule is to stop spending so much money. If you can not stop your crazy a$$ spending, your investments likely can’t save you. Akin to school, saving money is the kindergarten level while investing is more like high school. Here is a recent example. I recently visited a colleague and his family. The couple has…Continue Reading “The First Rule”

This series will be very boring. I believe investing can be simple and boring. I could pontificate on and on about stocks, bonds, real estate, commodities. But I would rather show what I am doing instead. Furthermore for those who are faint of heart, you can watch me gain or bomb on my investments. No smoke and mirrors will exist here. This series will also serve to keep me on track and I can review my own performance along the way. It will form a…Continue Reading “2018Q3 Investments”