“Here for you” is all relative

If you live in Canada, you've probably received lots of e-mails from your financial institution and other service providers letting you know they are "here for you" in these uncertain times. I certainly have. I found these messages to be anxiety-producing, to be honest. But, what does "here for you" actually mean? Perhaps, it's not …

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Coronavirus and your expenses (with a BC twist)

Pandemic or no pandemic, we all have bills to pay....unfortunately. If, like many people, you are already feeling the pinch financially, let me give you some advice on which bills to pay first and any assistance that might be available to you. Since I live in British Columbia, I will provide information about the provincial …

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Coronavirus and your income (or lack thereof)

UPDATE: the 2 benefits previously announced by the Federal Govt have been combined into one: Canada Emergency Response Benefit or CERB. More info here . As we are in uncertain times worldwide, many Canadians are already feeling the pinch, financially. Last week alone, Service Canada registered about half a million new EI claims. Many people …

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Coronavirus: Canadian economy edition

In light of the pandemic caused by the coronavirus, the Canadian government announced an unprecedented economic package to help as many Canadians as possible during these turbulent times. It is unprecedented, indeed. Even in during the Great Recession of 2008, the measures implemented were nowhere close to what we're seeing now. This crisis was actually …

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Don’t trade on the news: coronavirus & your money

The last couple of weeks have been turbulent market-wise. Fears of the coronavirus and its impact on the Chinese economy sent markets into bear territory worldwide. My own portfolio lost between 5% to 10% over that period. And I don't really care. Yes, you've read correctly. And, yes, you also guessed that I didn't sell …

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Return since inception vs. yearly return

I recently received my December statement for both my RRSP and TFSA portfolio. This portfolio is for retirement purposes only, therefore I don't plan to draw from it until I retire. As an information, its breakdown is as follow: 75 % equities, 20% bonds, 5% cash. Its geographical allocation is predominantly North American, but I …

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My year in review

2019 was definitely one of my most powerful years to date. I recall having only 3 other like this in my life so far: 1999, 2000 and 2006. These 4 years all have 3 points in common: they involved extensive travels, they were definitely not the most lucrative and I was the happiest ever. 2019 …

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Avoiding Christmas financial madness

For many people, Christmas lingers for months and months after it is gone. Marketers do an excellent job of making us spend our money on items we neither need nor want. With Christmas a mere 4 weeks away, it is not too late to avoid the "January Financial Hangover". If you haven't planned anything, now is …

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Mindful consumption

No, this post is not about me lecturing you on how you should completely change your habits overnight, such as becoming a vegetarian or only use public transit. These, quite frankly makes me cackle more than anything else.  What I would like to accomplish with this post is the start of an internal -or not- …

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