6 things that surfing can teach you about investing and personal finance

Today I’ve got a guest post coming at you from Troy over at markethistory.org. Troy runs a small hedge fund that invests in S&P 500 ETF’s. He employs a quantitative strategy that combines fundamentals and technical factors. Feel free to follow him on twitter.

6 things that surfing can teach you about investing and personal finance

Anyone who reads my blog would know that I’m an avid surfer. I usually go 3-4 times a week in the morning, which means that I also get some really good photos at dawn.

Like investing, surfing is a rather lonely and individual activity that yields great rewards for those who know what they’re doing. Here are 6 things that surfing can teach you about investing and finances.  Read more

How am I spending my bonus?

my bonus

How am I spending my bonus?

I’ve been very fortunate in my life financially. After graduating I moved to an area that had a great demand for workers and got a much higher paying job than I would have if I stuck around in my home province. I worked hard and got promoted and was fortunate that during company restructuring I kept my job.

Then oil crashed and I managed to stay employed. Over 40,000 people lost their jobs. I was fortunate enough to just get a wage reduction.

Throughout the restructuring and the recession my coworkers and I were able to keep costs low for the company. Luckily throughout all of this cut back I was able to make up for some of my lost wages. Recently I was given my largest bonus I’ve ever received, so I’m going to splurge a little in celebration!

So what are you buying with your bonus?

Now in the past I’ve put my bonuses along with my tax returns into investments or savings. They usually come within a month of each other so I treat them the same. I don’t rely on these for anything, it’s just padding my retirement fund. This year is going to be a little different. I’m spending my bonus on two main things, splurge items and trips. Read more

Are financial advisors looking out for your best interests?

Financial advisors

Are financial advisors looking out for your best interest? The quick answer is no, but the reasons why are a little more confusing than you’d think.

Back in March you may have seen some front-page news articles stating some TD bank employees admitted to breaking the law to meet sales goals. TD of course denies that these allegations are accurate (as a company probably would until they’ve investigated further). This along with similar accounts has started a federal investigation into the major Canadian banks’ practices.

I think after seeing Wells Fargo opened 2 million fake accounts to meet sales goals last year the TD accusations aren’t a complete surprise. Sure, they’re a friendly Canadian bank and wouldn’t go to such lengths as bank fraud, right? Well let’s hope so! But they’re certainly not without their trickery. All of the major banks have a common deceiving fact about their financial advisors.  Read more

Q1 2017 Update – Starting off slow!

Q1 2017 update

As always with the first quarter of 2017 over I’ll be recapping the last 3 months. This includes how I’m doing on the goals I set for myself and any highlights or interesting things that I may have done over the last 3 months.

Personally, what has happened?

Nothing! At least nothing compared to Q4 of 2016 which was pretty packed full of trips, my sister’s wedding, birthdays, holidays and lots more.  The big events in the last 3 months were much smaller on scale. We went to see Tom Segura, who’s as funny in person as you’d expect from his Netflix specials.  Read more

How To Be A Sucessful Adult – Buying Your First Car

Buying your first car

Buying your first car can be a daunting task but now that you’re an adult and understand your pay cheque, you probably want to buy yourself a car. Hopefully you planned your budget accordingly! Buying a car is often one of the first big purchases people make. Lots of high school students save up a few grand and buy an old clunker to escape whenever they want.

Don’t write off buying used because you “can” afford new

I don’t know your financial situation but if you’re still in school or freshly out of school, or still have student loans you might want to go the used car route. Used cars don’t get enough credit as a possible money saving device. Used cars allow you to avoid immediately losing 11% of the purchase price after driving it off the lot. This basically means if you buy a car with a 10% or less down payment, you immediately own no equity. It’s basically like throwing away 10% of the purchase price. Here’s an infographic from Edmunds.com(They’re car people)
Read more

How To Make The Most Money In Professional Sports

How To Make The Most Money In Professional Sports

How to make the most money in professional sports

Do you know how to make the most money in professional sports? I think by now everyone probably knows by now that athletes make a TON of money compared to the average person. They also happen to go broke way more often than they should. So that’s why I’ve built this handy guide for any athletic people that want to make the most money possible! This is clearly not to be taken too seriously, but if you’re an athlete and make a ton of money off this guide, holla back at your boy!

For this article, I scoured the internet to find out the average salary and median salary in most professional sports in North America. I have the English and Indian Premier leagues as well because they’re also insanely popular around the world. Unfortunately for the fans of professional soccer (football for you non-North American readers) I had to limit the number of leagues. I had no idea there were so many until I started researching this article, it’s seemingly endless! For kicks I also included the CFL, because I’m Canadian and it’s almost comical to see what an average salary in the CFL is compared to the NFL.  Read more

These Four Fintech Companies Are Changing Personal Finance Right Now

These Four Fintech Companies Are Changing Personal Finance Right Now

Remember what the internet did for travel? It opened it up to more people and made it easier. Instead of needing to hire a travel agent to plan a trip, we can do it ourselves for free. That’s what financial technology, or fintech, is doing for a lot of areas of personal finance.

We don’t have to spend hours on the phone to find the best student loan refinancing or insurance rates. We don’t have to give our friends cash or gasp! write a check to them when we split the dinner bill, and now instead of having to read dry books or hire a financial advisor to teach us how to manage our money, there are great resources right at our finger tips, just a click away.

These are four companies making a big splash in the fintech world. Read more

How To Be An Adult Part 2: Simple Budgeting Guidelines

Simple budgeting guidelines

How to be an adult part 2: Simple Budgeting Guidelines

Now that you understand how your pay cheques work let’s talk about budgeting that money.

What is a budget?

So what exactly is a budget? Well according to the smart people over at Merriam Webster(the dictionary people) Budget as a noun is defined as:

a :  a statement of the financial position of an administration for a definite period of time based on estimates of expenditures during the period and proposals for financing them
b
 :  a plan for the coordination of resources and expenditures
c
 :  the amount of money that is available for, required for, or assigned to a particular purpose

And as a Verb:
1a :  to put or allow for in a budget
b :  to require to adhere to a budget

2a :  to allocate funds for in a budget <budget a new hospital>
b :  to plan or provide for the use of in detail <budgeting manpower>

So basically, for our purposes of personal finance a budget is the plan you give yourself on how you’re going to allocate your money. It doesn’t have to be spending, if you’re budgeting your pay cheque it should certainly have savings in it. Also you may want to include something towards an emergency fund.

How does one go about making a budget?

Read more

Do you need an Income Tax Checklist? We have one!

Income tax checklist

Do you need an Income Tax Checklist? We have one!

Income tax season is back! It snuck up on me again at the exact same time this year as the last 15 or so. To help people ease the possible pains of their tax returns I’ve prepared this checklist that will hopefully keep track of the majority of items you might need.  Read more

5 Simple financial restraints to change your spending habits

Financial Restraint

5 Simple financial restraints to change your spending habits

What the hell is a financial restraint? Well it maybe a term I just coined. When googled there’s not a lot that comes up! So, my thoughts on what financial restraints are this; it’s anything that keeps you disciplined in your spending. Basically, it’s your sheer determination or habits that prevent you from spending money.  Read more

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