How to go about securing the best return for your investment in Canada.
Latest News
In suit, transgender man charges loan company he worked for wanted him to behave like a woman + MORE Apr 14th
NEW ORLEANS – A 21-year-old transgender man says in a sex discrimination lawsuit that he was forced to leave his job at a Mississippi-based loan company once officials there found out he was born a woman but dressed and acted like man.
Tristan Broussard filed suit on Monday against First Tower.... More »
What types of tax-free savings accounts (TFSAs) exist? + MORE Nov 29th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
How Newfoundland’s Chase the Ace contest works + MORE Aug 30th
ST. JOHN’S, N.L. — A small community outside St. John’s, N.L., was a traffic-clogged madhouse Wednesday, as tens of thousands of people sought sudden wealth in the finale of a much-watched, big-money Chase the Ace contest.
“There’s a lot of big orders coming — people ar.... More »
7 Long-Term Investment Options That Can Help Meet Short-Term Money Needs Jul 18th
Redeeming investments intended for major life goals could adversely affect your financial plan. Under such cases, several flexible aspects of long-term instruments could assist you to satisfy your short-term requirements. There are lots of long term Investment options intended to meet your short-ter.... More »
Best in show: How to find and invest in market leaders Apr 5th
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.
But many of us don’t feel financially ready to stop working. According to a 2022 survey.... More »
Passive Income Update – March 2014
– IntelligentSpeculator.net
They say earning the first million dollars is by far the most difficult. That doesn’t seem very difficult to believe does it? When you’re starting out, most of your assets are held in real estate which isn’t very liquid and doesn’t work as well in terms of generating compound interests:) However, it does look like it’s easier than ever to make that first million, just take a look at this chart:
That being said, being a millionaire clearly does not mean what it used to, especially in this era of ultra-low interest rates. Someone earning 4% on $1,000,000 (which would be fairly good) would only generate $40,000 before taxes. And that is for a portfolio of 100K. It’s unlikely that someone with a net worth of $1M would have all of his money in the market.
Will $1M Be Enough?
Clearly not for me. It’s a good starting point though so if I can reach that point in the next few years, I’ll be able to start working on #2!:
Why Do I Post This?
The reason I post this monthly update is both to keep myself accountable but also have a more public discussion about my plans and how I can become financially independent as quickly as possible…
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
San Francisco 49er star Vernon Davis to serve as litmus test for IPOs tied to sports careers
– canadianbusiness.com
SAN FRANCISCO – Professional athletes frequently get traded to other teams, but San Francisco 49ers tight end Vernon Davis is about to be the first ever to be traded like a stock.
Davis, an eight-year veteran of the National Football League, is serving as the litmus test for a risky concept: Whether sports stars should be treated like public companies, whose moneymaking potential can be bought and sold on an exchange by ordinary investors. San Francisco-based Fantex Inc. plans to operate the exchange and will orchestrate Davis’ initial public offering of stock after getting regulatory approval from the Securities and Exchange Commission.
The deal requires Fantex to pay Davis $4 million in exchange for 10 per cent of his future earnings, including some of his off-field income. To cover Davis’ fee, Fantex seeks to sell 421,100 shares of stock at $10 apiece. The company hopes to complete the initial public offering in the next few weeks.
Davis, 30, will need to make more than $40 million just to deliver a small return on Fantex’s investment in him…
Davis, an eight-year veteran of the National Football League, is serving as the litmus test for a risky concept: Whether sports stars should be treated like public companies, whose moneymaking potential can be bought and sold on an exchange by ordinary investors. San Francisco-based Fantex Inc. plans to operate the exchange and will orchestrate Davis’ initial public offering of stock after getting regulatory approval from the Securities and Exchange Commission.
The deal requires Fantex to pay Davis $4 million in exchange for 10 per cent of his future earnings, including some of his off-field income. To cover Davis’ fee, Fantex seeks to sell 421,100 shares of stock at $10 apiece. The company hopes to complete the initial public offering in the next few weeks.
Davis, 30, will need to make more than $40 million just to deliver a small return on Fantex’s investment in him…
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
