Just over a year ago, I sold a house. I took the proceeds from that and kept it in my checking account. My bank was quick to pounce. “Don’t you want to get a rate of return from that?” Well, that was a rather obvious question, but what could I do? They “helpfully” offered some…
In the last post, I reviewed my goals from a year ago when starting this website. 2022 Goals How Did 2022 Go? The stock market is (has been) quite a roller coaster ride. In one year, it has fluctuated from -8% to +10%. The graph below has five distinct “highs” and four distinct “lows” in…
Exactly a year ago, I wrote my goals for 2022. And some other goals from that post were: So how do I stack up against those goals? Goal #1: Being Fully and Efficiently Invested This has been a struggle. But I am pretty happy with where I am. I am about 75% invested, with 25%…
This is ridiculous. With some effort, I was able to deploy an additional 4% of my cash into the market. I put 3% into the overall market (index funds), and 1% into short-term bonds and cash. I am unable to touch the rest of that cash due to the issues I talked about in the…
When I first embarked on my investment journey with this blog, I eagerly dived into the world of individual stocks, handpicking companies like Manulife, Great West Life, Enbridge, Pembina Pipeline, and even Pizza Pizza. The thrill of researching and identifying promising companies to invest in was exhilarating, and I believed I had chosen stocks that…
When I say that I was sitting in cash on this blog, I usually mean it literally. It’s usually money parked in my checking account or my brokerage cash account. I just checked my bank’s website, and they proudly say that “no interest is payable” on most accounts. To be fair, until recently, there wasn’t…
I decided to reduce some risks in the portfolio this week. Some of the Closed-End Funds that I invested in relied on junk bonds and unrated debt. I decided to reduce my exposure to the riskier end of the bond market. Goodbye to DSL, OPP, PHK, PDI. With interest rates higher and rising, I don’t…
In today’s fast-paced world, it’s easy to get caught up in the daily fluctuations of the stock market, obsessively tracking your investments and fretting about every dip. However, the most successful investor might just be the one who invested in the market and then forgot about it for a decade. This accidental investor doesn’t watch…
I can’t take this anymore. It’s bordering on ridiculous. Stocks are down another 1%-2% today, and banks are getting wrecked. I invest in financial stocks. I invest in banks. I have my money in cash in bank accounts. If banks fail, what is there? This is supposedly the bedrock on which our financial system is…
On Friday, Silicon Valley Bank failed. This is the second-largest bank failure in US history. The failure of Lehman Brothers on September 15, 2008, is widely considered to be one of the key events that triggered the 2008 global financial crisis. This started a series of dominoes to fall, that affected banks that had lent…
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