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Showing posts with the label Stocks

Escaping the Inferno of Economic Uncertainty and Tending your own Financial Fire

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  Economic instability is like battling a raging wildfire with no clear path to safety. You can easily get caught off guard and not even know where to start. What we need to do first is take some stock of how we got here. This began as a dumpster fire and was fueled by many different sparks before it got so ablaze. A legacy of kicking the gas can down the road to disguise economic downturns has been like a Molotov cocktail; exploding inflation that has spiraled out of control. Incompetent and malevolent governments lit the fuse of global political tensions, with seemingly nobody fit to put out the flames. These factors have created a financial reality, where everything from your retirement portfolio to the cost of your weekly groceries swings wildly, leaving responsible Canadians feeling like the whole house of cards is burning down. How Markets Move in Uncertain Times When uncertainty strikes, markets dance to their own wild rhythm. Stocks can be jittery, prices bouncing around as com

Young people: Don't Dispose your Disposable Income - The magic of compound interest

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  Young people: Don't Dispose your Disposable Income - The magic of compound interest Welcome, young people! Are you ready to unlock the secrets to financial success and make your money work for you? In today's fast-paced world, it's easy to get caught up in a whirlwind of spending. From trendy gadgets and fashion must-haves to dining out with friends, disposable income seems to slip away faster than we can keep track. But what if I told you there was a way to make that money grow, effortlessly multiplying over time? That's right – we're about to dive into the enchanting realm of compound interest and reveal where you can start growing your hard-earned cash. So grab a cup of coffee (or whatever sparks joy for you), sit back, and let's embark on this journey towards financial empowerment together! Consooming. Stop wasting your money on frivolous expense. Picture this: you stroll into your favorite store, eyes twinkling with anticipation. The shelves are lined wit

RRSP vs. TFSA: A Comprehensive Guide for Young Canadians

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When it comes to saving for the future, young Canadians are often faced with the decision of where to put their money: in a Registered Retirement Savings Plan (RRSP) or a Tax-Free Savings Account (TFSA). They don't teach you about this in school, and you may have never been coached by your parents or anyone else on financial literacy. Don't worry Zoomers, I'm here to bring you up to speed if you can put down Tik Tok for a few minutes and give me your undivided attention. It's a long read but could change your future. Trust me bros. (and girls). There are two main ways to save for your future in Canada. While I am not discounting that you should put up to 20% of what you can stack up into some type of Crypto and ride the next bull run to valhalla, there is still much to be said for these two traditional methods as they come with some major advantages and if you want to ensure you won't be broke when the Zoomer becomes the Boomer you need to hear me out. Lets get down

A Comprehensive Guide to Calendar Spreads and How to Use Them as a Powerful Trading Strategy

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Last updated on:   Source:  Calendar Spread  (wallstreetmojo.com) A Comprehensive Guide to Calendar Spreads and How to Use Them as a Powerful Trading Strategy Introduction: What is a Calendar Spread and How Does it Work? Calendar spreads are among the most popular options strategies used by traders. They involve buying and selling options of the same underlying asset but with different expiration dates. Traders can use calendar spreads to capitalize on different market conditions, such as when they expect a particular stock to remain range-bound or when they expect a stock to make a big move in either direction. It is also known as a time spread and is used to capitalize on the expected movement of the underlying stock over time. For example, to buy a calendar spread on AAPL stock, one might choose to sell a front month call option and then purchase a back month call option. AAPL's current spot price is $100. If the spot price of AAPL moves up by 2% in the month the options are in-