Friday, March 16, 2018

Time, the ultimate currency!

Today, I am going to try to put things in a new perspective and hopefully will either motivate you to start your journey or re-motivate you to keep going. The topic is that everything about this journey is related to time.

In 2011 there was a movie call "In Time" staring Justin Timberlake, which is enough for some people to go see the movie. I watched the movie because I was drawn into the concept presented in the movie where the universal currency became the time you have left to live. There is some truth to the movie, because currency is ultimately related to time.

You spend time to build your knowledge and skills which then translate to either getting a job or running your own business. Both of those will consume more of your time but you get money in return for your time. Therefore this can be written out in a simple formula: Time x Skills/Knowledge = Money. There is an old saying that time is money, but lets flip that saying, so money is time.

Thursday, March 1, 2018

Neighbour Joe - March 2018 Net Worth

The last update for FY 17/18.

Chequing: 218.43
TFSA Investment: $62,214.83
TFSA Mutual Fund: $3,814.04 (Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Mortgage: $132,501.36

*Credit Card is paid in full every month

Monday, February 19, 2018

Neighbour Joe - February 2018 - $1,577.33/Year Passive Income

All, here is the latest update of my passive income. I have recently purchased more shares of Enbridge since the price has been dropping making it a attractive buy. The row with the green highlights indiciates that those are in USD. The total amount is show in CAD here. I used a 1.25 exchange rate for my calculation. I've also added a column to show much return I am currently getting from my book value of my investment. For those that don't know, the book value is the amount that was actually invested and will not change with market price. Have a nice winter day.

Saturday, February 10, 2018

Market is performing poorly, what should you do? Keep Investing!

For those that have been following the market lately, you'll know that this past week it dropped significantly. All major index in North America were seeing double-digit percentage drop, Warren Buffet's net worth dropped by 11 billion dollars as a result.

So if you are looking at investing or have invested what should you do. The answer is don't panic and keep investing. Here is a quote from the guy who just lost 11 billion dollars.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”― Warren Buffett

The best time to purchase anything is when there is a sale or discount. Therefore whenever a market-wide correction happens all business will be affected, even those that are operating very efficiently. If you just look around you'll be able to see a lot of solid big cap company being sold at a bargain right now. Big Canadian Blue Chip such as Fortis, Enbridge, Bell are all selling at a discount right now. My advice will be don't invest all at once, spread your investment out since you don't know if it'll go higher or lower. By Investing at a consistent and regular interval you'll be less affected by market volatility.