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

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

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?

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8 money tips from Johnny Depp’s finances

Johnny Depp




8 money tips from Johnny Depp’s finances

Well in case you have more of a life than me or just don’t care for celebrity gossip, Johnny Depp is (allegedly) going broke. Last year he finalized a divorce settlement for 7 million dollars, which is pennies for an actor that made $55 million for ONE Pirates of the Caribbean movie right? Well it seems that might not be the case! He also recently filed a $25 million lawsuit against his business managers. He claims his funds were mismanaged. We’d really have no way of knowing how mismanaged they were because we don’t have his spending history. (….or do we?)

Depp’s management group of course doesn’t think they mismanaged his funds. They’re so against this idea that they’ve now launched a counter-suit. In the details of this counter-suit they’ve revealed some details of his spending. They’ve also revealed that his monthly expenditures are ASTRONOMICAL. 

After hearing about his monthly expenditures, I asked a few people how much they think Johnny Depp spends each month.  A few guesses were in the tens of thousands of dollars, the majority were in the $100,000 to $300,000 range both of these ranges aren’t enough for ol’ Johnny(that’s what his friends call him…). The highest guess was a million dollars, A MILLION DOLLARS EACH MONTH?!?!  Well that’s not even close!  Read more

Year end update – Q4 2016

Q4 2016 update

Another year is over and so here’s another update, this time for Q4 2016. As I mentioned in my last quarterly update I was jamming all of my trips into the last half of this year, so we’ll say I was on vacation…even though I probably wasn’t.

I’ll do a quick brag about my trips to start this off and get it out of the way.   Read more

3 simple financial resolutions you need to start

3 simple financial resolutions

Happy New year everyone!  

I hope 2016 was better to you than the media portrayed it to be. For the last few months of the year you’d swear nothing good happened. I think those people just didn’t have time to look at their retirement savings. The year was pretty solid overall for the markets, the Dow Jones was up 14.4% as of closing just before Christmas.

3 simple financial resolutions you need to start

Very solid year for the Dow Jones

For Canadians, the TSX composite index was up 17.8% over the same time period! So, if your investments are close or matching these indexes you’re looking at a possible 14-18% return for one year.  To put that into perspective you’ll double your portfolio in 5 years without any additional contributions! Read more

How to make money in real estate

make money in real estate





How to make money in real estate? That’s a very popular question and has tons of answers! You can literally make money with lots of different options, and each option has multiple ways to execute them. On top of that, you can apply each of those options to different areas of real estate like residential, commercial, industrial, etc. I could go on for a while with these but I won’t. Soooo see ya next week!?

NAAA! I’m just kidding…had ya for a minute though didn’t I? You thought I was going to take my dozens of blog dollars and disappear for ever didn’t you?  Actually, I’m just going to touch on a few popular options and a few lesser known options on a higher level. In a future post I’ll break each of them down in greater detail, but for now we’re just going to dip our toes in the water on how to make money in real estate.  Read more

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