Posts by Robb Engen
Where To Invest For Short Term Financial Goals
Interest rates on savings accounts and GICs are abysmal these days, so it can be tempting to plow all your hard earned savings into the stock market for a chance to juice your returns. But how you save and invest depends a lot on your time horizon – when will you need the money? No…
Read MoreCelebrating Three Years Of Boomer & Echo
It was just over three years ago that my mom and I started putting together a collection of articles that would mark the beginning of Boomer & Echo. We didn’t have a clue about blogging or running a website (and still don’t!), but we pressed on and have written over 650 articles to date. We…
Read MoreMy TD e-Series RESP Portfolio
One of the first things we did after our kids were born was open an RESP account. We set-up a family plan, rather than a single beneficiary plan, and have contributed $200 per month for the past few years. We just put money into a GIC for the first year. The account was easy to…
Read MoreWhy I Don’t Have My Finances On Auto Pilot
After writing about money for three years you’d think I’d have my own finances on auto pilot by now, but I don’t. I still have a household budget and track my expenses every month, and I don’t pay myself first (gasp!). While I can appreciate the forced discipline of automatic saving plans, I’m not a…
Read MoreWhy I Took A Cash Settlement For The Hail Damage Claim On My Vehicle
The weather in southern Alberta has been brutal this summer. When a huge storm rolled through Lethbridge on the evening of July 6th, we watched in horror as golf ball sized hail stones pummelled our house and vehicle. We did a quick survey of the damage; a few pieces of siding blew off the house,…
Read MoreHow I Plan To Be Financially Free By 40
I did some financial daydreaming after my net worth update last week. I took our current financial trajectory and projected out 10 years from now to see how that might look. I was surprised by what I found, and the exercise gave me the inspiration for a new objective – becoming financially free by 40.…
Read MoreNet Worth Update: Topped $300,000
We’re halfway through 2013, so now’s a good time to take a big picture view of our finances to see if we’re on track. I like to update our net worth and review our financial plan a couple times a year to stay on top of our goals. The last time I updated our net…
Read MoreHow Much Does It Cost To Build An Individual Stock Portfolio?
One advantage to building your own individual stock portfolio is the cost can be much cheaper than a portfolio of mutual funds or ETFs. Aside from the initial set-up period, and assuming you don’t trade very often, a portfolio of individual stocks can cost just a fraction of even the cheapest funds on the market.…
Read MoreIn Defense Of Smallenfreuden
A new ad campaign by Visa is drawing the ire of retailers and small businesses across the country. Smallenfreuden, or the joy of small, is Visa’s attempt to get consumers to use their credit card for small purchases under $100. The ‘small’ purchase segment is dominated by debit and cash users, and retailers would like…
Read MoreIs It Time To Say Goodbye To Dividend Investing?
Bye-bye, dividend stocks. We’ve had a great run. I know I said I’d hold you forever but it’s clear you’re in a bubble now and it’s time to abandon this strategy before the bubble pops. Dividend fever has taken hold and driven blue-chip dividend payers to new heights. Investors flocked to dividend stocks for safety…
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