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…
Read More
My thoughts on Stock Trading

My thoughts on Stock Trading

Investments
Earn more, Trade less I've only been a trader for two years now but I feel the best lesson I've learned is this: In order to earn more I actually in most cases need to trade less.  A wise person once said to me: "Let the trade come to you, wait until it's screaming your name!".  I learned this lesson like I've learned every lesson in the stock market...the hard way.  During three months of my two year trading career I attempted day trading.  Day trading is the art of entering and exiting a trade in the same day.  I did not master the craft, in fact I failed from a profit point of view.  I was mostly trading US tech blue chips and the Canadian medical cannabis sector because…
Read More

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.…
Read More

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…
Read More

My thoughts on Canopy Growth Corp (WEED)

Investments
Canopy Growth Corp 1. They are the market leaders without question, they have more registered patients than any other company.  This patient acquisition will be tremendously beneficial when the recreational market comes and advertising is limited.  Their fan base will already be established for the brand.  They are really the only company putting forth any successful effort for branding. 2. They are diversified into three major brands, Tweed, Bedrocan and Mettrum Health Corp.  They also own late stage ACMPR applicants in Quebec and Saskatchewan. 3. They are going global. They have stake in AusCann out of Austrailia, they opened Bedrocan Brazil and have approval to export to patients in Germany. Bedrocan is also exporting from the Netherlands to seven different European countries. 4.  The government of Canada announced April 2017 that they will…
Read More

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.
Read More