My first options trade

Investments
My first options trade Today I made my first options trade ever.  I sold October 19th calls of WEED.TO at a strike price of $52 for a premium of $1.20. Before I say anything else, I am not an options expert so I insist you do your own research before you take anything I say as rule.  Remember this is my FIRST options trade ever. So why did I bother selling calls if I'm so bullish on WEED.TO and talk about it 24/7? Thats easy.  See that line of credit I have on my financial statement page?  $30 000 of that is in my portfolio right now (20k invested in WEED and $10k cash.)  I hate having debt, I despise paying money to use money thats not even mine to…
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My War Ready Portfolio

Investments
War Ready Portfolio Considering the current state of North American trade and foreign affairs I've created a portfolio designed to withstand  what may come of it all.  I've created a portfolio to be prepared for the unfortunate event of trade wars leading to hot wars.  Regardless of circumstances, there is money to made in the markets.  A portion of my investment portfolio is now dedicated to this thought. I have taken the time to gather data from the previous North American conflict in order to prepare for a possible future conflict.  I'm speaking of course of the middle east conflict.  I consider this to have began 11 Sept 2001 and to have ended when US Operation Enduring Freedom ended in Dec 2014.  This is almost 13 years of data during…
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Stock market terms for beginners

Investments
I've compiled a small list of key terms to learn for those looking to enter the stock market. Share - A piece of ownership distributed by a company Share Price - The price of a single share of stock of a company or financial asset. Ask - The price a seller is willing to accept to liquidate shares. Bid - The price a buyer is willing to pay to acquire shares Shares Outstanding - Amount of total shares currently held by all shareholders Market Capitalization - Total market value of all of a company's shares. (share price x shares outstanding) Earnings Per Share - The portion of a company's profit allocated to each outstanding share of common stock. (Net income - dividends on preferred stock / average outstanding shares) Price/Earnings…
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My thoughts on Banks

Investments
Are banks helping? Banks of all kinds are absolutely necessary in todays world.  Even people without a chequing account need to cash their pay checks somewhere.  The only people who can really get away from banks only deal in cash and are taking the risk of someone straight up just taking all their money from wherever it's stored away.  The point being, most people deal with a bank for one thing or another.  Taking this into consideration its no surprise that the wealthiest industry in Canada is our fantastic banking system.  Mostly public companies, the banks keep our money safe and help us save for retirement...right?  Consider this for a second: banks are a business.  Nothing more and nothing less.  Banks aren't the trusted safe havens they once may have…
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My thoughts on Trading

Investments
Don't Quit Statistics claim that 90% of active traders fail.  This doesn’t mean nine out of ten traders' accounts go to zero, it means most quit.  By not quitting and adding to this statistic; resilient active traders are already in the top 10% of their field.  These traders are able to stop, assess and adjust during a downturn in the markets or a series of consecutive losses instead of giving up.  Some suggest it can take six months to a year of fulltime commitment to trading before becoming consistent enough to draw an income from the stock market.  For myself it took twenty months before I was able to beat the market and experience above average returns, it took another nine months after that before I became consistent enough to…
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How to SAVE your first $100 for Investing!

Investments
This post was written by a great friend of mine out here in Atlantic Canada.  The author is very experienced in living frugal to save money for investments.  He has a well developed conservative portfolio built from a number of investment products and stocks. How to save your first $100 in 15 steps No savings? 15 Money tips for people that have no savings to make them richer in 2017: 1. To many, a car is necessary, but if you can rid yourself of car payments, gas, insurance, etc., you will save a huge chunk of your monthly income. Take the bus if possible, if able to walk, do so. You will save on money and get exercise. You might be able to say goodbye to monthly gym costs. 2.…
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My thoughts on Dividends

Investments
Dividends Dividends are an amazing tool for building wealth while also creating a future passive income stream. What they are is a sum of money paid to shareholders out of a company's profits, often in regular intervals.  Therefore, just for having money invested in a company, they pay you a portion of the profits every month, quarter or year.  There are also occasionally special dividends that are a one time payment to shareholders, sometimes this happens after a company sells off assets or otherwise gains a windfall of profits. Not all companies pay dividends, the ones that do are usually "safer" more "stable" companies.  For the banks, telecoms and utilities I think this holds true here in Canada.  However, not all sectors are as well established, look for larger, older…
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My thoughts on Mutual Funds

Investments
Mutual funds   Mutual funds have a place in this world for those that are too busy or aren't interested in managing their own investments.  If this is you then by all means just stick to mutual funds at one of the larger banks and ensure the fund has a good track record.  Still do some due diligence when purchasing mutual funds.
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