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How to Choose the Broker for Forex Trading + MORE Dec 5th
When you decide to start trading within the forex market, naturally, there are many important factors to consider. These are likely to include setting your trade budget, and figuring out exactly what markets you wish to trade in when you are getting started. The very first port of call however, shou.... More »
Greenhouse growers turn to cannabis to cash in on lucrative crop + MORE Oct 16th
A growing number of fruit and vegetable farmers in southern Ontario are switching over to cannabis or at least adding it to their production. That means additional demand for water, electricity and other municipal services — a financial challenge for small towns like Leamington..... More »
Elon Musk sells Tesla shares worth $6.9 billion - CNBC Television Aug 10th
Elon Musk sells Tesla shares worth $6.9 billion CNBC TelevisionElon Musk sells nearly $7B US in Tesla shares ahead of Twitter fight CBC NewsMusk Sells $6.9 Billion of Tesla Stock Bloomberg Markets and FinanceMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter T.... More »
Surviving the present, investing in the future: Gen Z’s financial balancing act + MORE Sep 15th
For Canada’s Gen Z, money is a mix of anxiety and opportunity. They’re the nation’s youngest workers, navigating rising living costs, heavy debt loads, and uncertain job markets. Many hustle to make ends meet—taking on gig work, cutting back on spending, and finding creative ways to save—w.... More »
Our Political Central Bankers Aug 29th
Fed officials join the resistance against financial reform..... More »
2017 Financial Goals – March Update
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.In my previous update, outlining our 2017 financial goals, I told you my wife and I decided a long time ago we needed some financial goals defined so we have a hope of realizing them. Nothing has changed…
Our money goals for 2017 are rather simple but also aggressive – we’re striving to cover basic living expenses from dividend income eventually.
In today’s dollars, here’s a list of expenses we hope dividend income will cover within 10 years, by age 50 if possible:
Property taxes ($4,200 per year)
Home utilities (heat, hydro, water, internet, cable; cell phones up to $7,800 per year)
Home maintenance ($4,800 per year)
Home insurance (at least $1,500 per year)
Food and household supplies (up to $11,000 per year)
Healthcare needs (various).
When we do the math that’s about $30,000 per year to cover these expenses. Not cheap. But we’re on our way to realizing this goal – in fact – we’re almost halfway there!
The Plan
To earn $30,000 in dividend income, we’ve decided to invest in a number of Canadian and U…
Parka maker Canada Goose raising $340-million in IPO
– theglobeandmail.com
The parka maker is becoming the third Canadian consumer brand to go public since last October
