Beyond financial planning: How to achieve the lifestyle you want

Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings. Because all money went to debt repayment, I’ve never…

British Touring Car Championship 2019: The money behind the numbers

Reading Time: 2 mins A sport famously associated with British culture, BTCC, or British Touring Car Championship to give its full title, is currently half way through its 2019 season and has already seen plenty of surprises. To celebrate the first year of being the main title sponsor for the season, Kwik Fit have been…

The fine art of rebalancing your portfolio

Q. I started investing with the Couch Potato strategy two years ago. My question involves rebalancing. Would it be better or worse for returns to rebalance every month instead of once a year? I like being a hands-on investor and would not mind the extra time this would require, as long as there was the…

Independent v national service provider – What’s cheaper and why?

Reading Time: 3 mins When it comes to choosing a service provider, there are plenty of options. Regardless of whether you are looking for a plumber, electrician, locksmith, window cleaner or a Home Removal Company, if you carry out a quick search online, you will find plenty of options. There will be individuals (otherwise known…

Using a HELOC as an investment strategy: not as taboo as you might think

Q. I wish to leverage my home equity line of credit (HELOC) to invest in dividend-paying investments. How would you advise I approach this? Is this an effective tax savings tool? Is there any financial institution or products you would advise? – Martha A. You know, Martha, in some circles leveraging—or borrowing to invest—is a…

How to understand your CPP Statement of Contributions

Q. If I were to retire today, my Statement of Estimated CPP Income notes that I would receive is $900 a month. Does this mean that, even if I stop contributing to the Canada Pension Plan (CPP) now and never put in a penny more, I am still going to receive $900 adjusted for inflation…

Are you a masochist for investing in Tesla?

It’s been about a week since Elon Musk has been in the news, which seems like a lifetime for the Tesla CEO. That may be because, on April 26, Musk agreed to have a lawyer vet all of his company-related tweets as part of a settlement with the Securities and Exchange Commission. If you remember,…

9 ways to save on your next road trip

One of the best things about a driving holiday—besides the scenery you get to experience along the way—is that it can be inexpensive. But your choices around where to stay, what kind of vehicle you choose and even which roads you drive can quickly cause your costs to add up. So, to help you stay…

What’s the best TFSA investing strategy for a young professional?

Q. I’m a 28-year-old speech-language pathologist making around $5,000 per month after tax. I have been aggressively saving for the past two years and was able to fully pay off my $32,000 student loan debt during that time as well. I currently have $10,000 in my TFSA and I am not sure what to do…

Real estate has treated this investor well—but it’s time to diversify

ME AND MY TFSA Name: Peter Leung Age: 36 Location: Vancouver/Hong Kong Occupation: International real estate manager Strategy: Income-producing real estate investments, mainly REITs TFSA HOLDINGS WealthBar balanced fund: $6,075 Centurion Apartment Real Estate Investment Trust:  $22,500 Triumph Real Estate Investment Fund (commercial real estate): $28,950 Clear Sky Capital (private equity real estate investment): $12,000…