August 19, 2010 · 3 comments
in DIY, bills, bonds, business, careers, cashflow, debt, distributions, diversification, dividends, earnings, employment income, financial planning, hedging, income, investing (general), lifehack, money management, passive income, paycheck, real estate, risk, self-employed, side income, wealth protection, wealthbuilding
It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]
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Welcome to the 59th edition of the Best of Money Carnival! This is a traveling personal finance carnival that doesn’t merely list good personal finance articles around the web, but tries to rank them and pick a winner.
This week saw 59 submissions, from which I was able to select a good 26 or so – [...]
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Is diversification dead? It largely failed us in the 2008-2009 financial crisis, but if you held on for the long haul it did breathe life back into your portfolio on the way back up.
A perennial question is how much diversification is enough? If you’re invested in mutual funds and ETFs, these are by definition already [...]
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December 21, 2009 · 4 comments
in December, Financial New Year, discipline, estates, finances, financial planning, goals, holidays, lifestyle design, money decisions, networth, portfolio, wealth protection, wealthbuilding
It’s a good time to draw up some financial New Year’s resolutions if you haven’t yet. Sure – don’t call them New Year’s resolutions if you don’t want to – it’s a financial plan for 2010 that I’m really talking about.
Although we are still in the thick of the holiday season, take a quiet day [...]
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December 15, 2009 · 12 comments
in Canadian, Canadian economy, Financial New Year, S&P/TSX, TSX, financial planning, income trusts, investing, market trends, stocks
How well will the Canadian stock market do in 2010? If the U.S. sneezes again, will Canada catch another cold? If there is any fallout or a double-dip U.S. recession owing to defaults on payment-option ARM mortgages, will it send global markets into another fiscal tailspin as we saw in October 2008?
By most estimates, Canada [...]
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Planning your graduate career, or just looking ahead to being on the home stretch and getting that thesis out of the way? Don’t just count on the funding you might get from your program or teaching/research assignment. Writing a thesis is the perfect situation for which you should have a solid emergency fund in place.
Your [...]
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N.B., Acknowledging the fact that some Americans probably think Gerald Celente is a nut – those who are familiar with him at all – just as, for many people, Peter Schiff is seen as an extremist or nut – I think that, given their analytic track records – which you have to admit, have been [...]
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