Tuesday, October 21, 2008
It seems the timing was good for that, since lat week ING Direct announced that they were offering the TFSA early. You could open the account now, and it would be automatically converted into a TFSA on January 1st. As a bonus, they would pay out a bonus equal to their regular interest rate on any money deposited in it, to compensate for taxes.
So I've moved money to take advantage of the offer, and will keep moving more as my GIC ladder unwinds.
Tuesday, October 14, 2008
Don't let yourselves be dazzled by short-term promises. Voting is very much like investing -- you have to sort through all kind of chaff to try and understand what each party is really in favour of.
I won't tell you who to vote for, nor will I say who am I voting for.
But I will tell you to vote. It is not only a right, it is a duty and a privilege.
Friday, October 10, 2008
Am I crazy?
I don't believe I am. Down markets represent opportunities to invest when the prices are low. You just have to select companies that will endure. Does anyone think that The Bank of Nova Scotis (for example) will go out of business? So why not buy when its shares are cheap?
Remember the rule: buy low, sell high.
Wednesday, October 1, 2008
I also did the initial downpayment for the replacement of some of our house's windows. This came out of my regular cash flow. The rest will be due upon delivery of the windows, and that will come out of the line of credit.
Assets ($138 843, down 2.7% from $142 741)
- Bank Accounts $4 945 (down 8% from $5 380)
- Emergency Funds $2 720 (stable)
- RRSP Accounts $35 253 (down 6.7% from $37 800)
- Non-Registered Investments $9 818 (down 6.3% from $10 482)
- Home $86 100 (stable)
Liabilities ($65 341, down 2.7% from $67 140)
- Credit Cards $3 097 (down 25% from $4 108)
- Student Loan $0 (down 100% from $375) -- Paid!
- Mortgage $55 588 (down 0.2% from $55 706)
- Heat Pump Loan $6 650 (down 0.7% from $6 701)
- Line of Credit $0 (stable)
Credit card debt went down with the payment of the car repairs and water heater. I also called to get my student loan fully paid, using bonus points from my credit card. That means that aside from my credit cards, I no longer have any personal loans -- everything is house-related. Woo-hoo! :o)