Posts by Boomer
How To Invest In Real Estate
Rental Real Estate Like purchasing your own residence, buying rental real estate for income works best when you take a long-term approach. It requires time commitment, experience and patience. Buying a property in a good, growing area with high demand for rental housing and making the initial improvements to make it a quality rental is…
Read MoreHow I Decluttered And Simplified My Life
“Less is more.” In the last few months I’ve been on a major decluttering kick. It took a while to work up the motivation – I’ve been putting this off for years – but once I got started, the process became positively therapeutic and very liberating. The original view was towards eventually downsizing our home,…
Read MoreA Course In Frugal Financial Management
Personal financial management is a challenge for many couples and there are really not many places to go for help. Financial advisors want to show you how to invest. Banks want to consolidate your debts and lend you even more money. Related: Can You Trust Advice From Your Bank? Fortunately, there are hundreds of books…
Read MoreWhy Retirees Are Looking For Alternative Investments
I read an interesting article in Canadian Money Saver magazine that quoted some disturbing statistics. The article stated that Canadian investors have had mediocre returns and suffered large losses in their retirement portfolios over the last few years and are now at a loss about what to do. Investors are questioning all the advice they’ve…
Read More3 Things I Wish I Had Done Differently With My Finances
We would all be very wise if we could act on hindsight. I am not too dissatisfied about the way I’ve handled our finances over the years, but here are three things I wish I had done differently knowing what I know now. 1. I would have joined my company pension plan. When I started…
Read MoreA Wise Investor Is An Informed Investor
Your financial health can be compared with your nutritional health – and it’s just as important for quality of life. Consider your meals. You can: Eat out, buy packaged food, or hire a personal chef Prepare the bare minimum to fill you up with no regard to nutritional content Take an interest by watching cooking…
Read MoreHow To Manage Your Investment Risk
Here’s a typical question a financial advisor will ask to determine an investor’s risk tolerance in order to set up an appropriate strategy. I respond to fluctuations in my investments in the following manner: I will sell quickly any time my investment loses value. Day-to-day market movements make me uncomfortable and if my investment loses…
Read MoreWhy Some Decisions Don’t Make Financial Sense
Managing your money and making sound financial decisions is difficult. We budget and save and try to invest our money wisely, but sometimes we make choices in our everyday lives that don’t make financial sense. Related: Why Do We Save? Here are some of my miscellaneous musings. Why is it that – Single income earners…
Read MoreBlowing Bubbles
The company had no problem attracting investors desperate for a place to put their money. People rushed to purchase shares so they wouldn’t be left out, scraping together whatever money they could, seeing only boundless opportunities for gain. Excitement and tension increased in the same proportion as the increase in stock prices. Plans were made…
Read MoreThe Three C’s Of Canadian Investors
What are the biggest mistakes people regularly make when trying to reach their financial goals? Canadian investors are often guilty of being too cautious, too conservative and too cheap. Related: Avoid These 4 Investing Mistakes Cautious While no one would advocate taking imprudent risks, being too cautious with long-term investments and sacrificing long-term return for…
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