The start of the year has been a little rocky for finance across the board. After markets being at all-time-high's for a while, the Canadian and American economies and stock markets took some major blows in January and February. The same goes for the cryptocurrency markets, which I'm adding to my portfolio updates for the first time in this post. But overall, things really aren't as bad as the headlines would make them seem. Let's take a look at how my investments did for the months of January and February 2018. You'll notice some changes below of how I calculate some of my …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.