This post is the second in a series of updates on my HELOC investing experiment. My last post was in March 2024 and things were looking good. Click here to see post. Lots has changed in almost a year. The Bank of Canada (BOC) cut interest rates 5 times since the beginning of 2024. This…
The Joy of Cutting Losses
Nobody enjoys losing, failing, or making mistakes but they are an inevitable part of the learning process. The real key is to learn from your mistakes, adjust your approach, and improve so you don’t repeat the same errors. Along the way, you’ll meet new challenges and make bigger mistakes, but the goal is to grow…
Compound your Skills To Compound your Wealth
Don’t wait for someone else to give you the life you want. They aren’t coming. The only thing that will help you get the life you want are your skills. How you acquire, develop, and deploy those skills will influence your success. A common mistake is confusing skills with education. But they are two very…
HELOC Investing Update – March 2024
I first wrote about using my HELOC to invest in the post, How to Invest Your House in the Stock Market. A Home Equity Line of Credit (HELOC) is money you can use from equity built up in your home. Overtime, as you make mortgage payments, your equity in your home increases. In the summer…
Stay Away From The TSX Venture Exchange
If you live in Canada, you are likely investing in one of two stock exchanges; the Toronto Stock Exchange(TSX) and the TSX Venture. The TSX is the big one. On the TSX, you can choose from over 1800 stocks and index funds from a variety issuers. The TSX is the exchange where you should be…
A Quick Guide to Breaking Even
I just need to get back to even. You hear this saying all the time in the world of casino gambling. If you lose a $10 bet at the black jack table, then you need to bet another $10 to get it back. But the more bets you lose, the harder it is to get…
When You are a Great Saver but a Horrible Investor
I recently arrived at a difficult conclusion: I’m a bad investor. To be more specific: I’m a horrible stock picker. It’s taken me 7 years to come to this realization and I now feel at peace with my place in the investing world. I first started investing with a financial advisor into high fee mutual…