Debt Crunch

The alarm bells are ringing again. Today Fitch ratings agency issued a report stating that Canada's housing marking is overvalued and subject to a potential significant correction. I think this is pretty obvious as housing prices have increased by 16% and 25% in Toronto and Vancouver since 2014, respectively. It is not like housing prices … Continue reading Debt Crunch

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What I Wear Throughout a Month

I recently watched the documentary, Minimalism: A Documentary About the Important Things. One of the most interesting things I found in the documentary was a discussion of Project 333. Project 333 is a fashion challenge that invites people to dress with 33 items or less for 3 months. I found this interesting so I took … Continue reading What I Wear Throughout a Month

The Most Precious Commodity in the World

Oil, copper, iron ore, sugar, rice, coal, natural gas, gold, and silver are all examples of commodities. Some are more coveted than others. I think there is a commodity that is more precious than all of these put together. Time. Time is the main reason I am working towards financial freedom. I am currently exchanging … Continue reading The Most Precious Commodity in the World

One of the Greatest Value Investors of All Time Weighs in on Trump and the Current State of the Stock Market

Seth Klarman manages Baupost, a hedge fund based on Boston. The fund has assets of about $30 billion under management. Klarman is a relatively low-key fund manager who rarely speaks out. Don't let this fool you though. He is one of the greatest value investors of all time. Warren Buffett has publicly praised Klarman and … Continue reading One of the Greatest Value Investors of All Time Weighs in on Trump and the Current State of the Stock Market

Vancouver Housing Market Continues its Slide – What Does the Latest Data Mean?

It's that time of the month again. The Greater Vancouver housing numbers for the month of January 2017 came out. They were not hot. Ice cold in fact. Sales were down drastically and prices are now starting to follow. Not good news for over-leveraged households. Sales of detached houses, condos, and townhouses in Greater Vancouver … Continue reading Vancouver Housing Market Continues its Slide – What Does the Latest Data Mean?