Passive Income Update – Sep 2017

Welcome to our monthly passive income update for September 2017. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of September 2017 was C$720.24. The passive income for the month comprised of US$301.23 and C$343.70 (exchange rate is US$1 = C$1.25).

Passive income change is +6.3% QoQ and +9.08% YoY for the month. The passive income YTD is $6,376.79 and achieves 63.7% of our annual goal of earning $10K.

Continue reading

2017 Top Investment Picks – Q3 Update

At the beginning of the year, I put together a list of top picks from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q3.

Note that you can track the progress anytime by going to the Stock Picks page.

Continue reading

4 Easy Ways for Seniors to Grow Their Bank Accounts

The following is a guest post

The world has changed a lot since the good ol’ days. The average age of retirement keeps creeping up little by little every year. Many Americans have a tough time making ends meet on a daily basis, let alone finding ways to save for retirement. Luckily there are still ways you can make some cash on the side to stabilize your financial future. Here are 4 ways seniors can grow their bank accounts.

Part Time Job

This one might be the most obvious choice to earn some extra cash on this list; it might also be the least agreeable one. No one really wants to spend their golden years flipping burgers or holding in passive aggressive rage toward rude customers. Still, there is probably no better way of finding guaranteed income than a part-time service job even if it does sting a little.

It doesn’t have to be so bad though. If you have a computer and internet connection, you can make money. The amount of simple, at-home jobs you can find on the web is astounding. Some of them don’t even require you to do anything but surf the web. Check this great website out for all sorts of useful and sometimes wacky ways to make money from home

Continue reading

Outlook for October 2017

The stock markets continue hitting all-time highs. The party continues on even as most investors agree that the valuations are stretched. It is interesting that valuations don’t seem to matter as most “pundits” keep throwing phrases around like — “Yes, valuations are stretched, but stocks will double from here”.  The hubris is not just with the commentators. We have Fed chair saying — “No more financial crisis in our lifetime” and executives like American Airlines CEO saying “We will never lose money again”. Pure madness! 
Continue reading

Recent Buy – Hive Blockchain Technologies

And now…for something completely different 🙂

The world of blockchain and cryptocurrencies has caught my attention. I recently had two posts on this topic discussing my experience so far. As I mentioned earlier this week, I bought a small amount of cryptocurrencies (ETH and LTC) in order to get my feet wet. Since this is an emerging tech, its really hard to figure out who the winners and losers will be. Add the fact that companies are now built on an open source platform and in a completely decentralized way, that makes it harder to pick. To add to the complications, most companies in the space have resorted to having direct token sales and ICOs instead of going to the capital markets…this makes it even harder to get access to good equity unless you are willing to risk a lot more than usual. I have read some of the pitches from some companies raising funds via token and ICO sales — and they were complete nonsense. I wouldn’t touch such companies with a 10-ft pole.

Back to the point of this recent purchase. I initiated a position in a blockchain company. There are plenty to invest in if you go the token/ERC20/ICO route, but the number of companies available in the “traditional” capital markets are very limited.

Last week, I purchased 1,000 shares in Hive Blockchain Technologies Inc (HIVE.V) at CAD$1.08.

What does Hive Blockchain Technologies all about? Digital mining! It is almost fitting that I have investing so much of my capital in precious metal and base metal miners over the last year…why not digital miners? 🙂

Continue reading