GeoRumble

Recently started investing in preferred shares, it got confusing when I started reading offers of these shares.Here are some of the terms used in the preferred shares world: 

Just finished reading 6 Steps to $1 Million by Gordon Pape.

This book is a cornocupia of information for an average investor.  Provides you with two way to making your million:

• Start your own business
• Start saving and investing

Provides guidance on how to do either of the two in great detail exploring your inner strengths and weaknesses.

This book has following ingredients:

Here is a compilation of dividend paying stocks, which I will try to update periodically

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There are numerous investment vehicles available, and they are:

• Mutual Funds
• Index Funds
  
• Exchange Traded
  Funds
• ETF's
  vs Index Funds

Just an update since my initial blog about the Leveraged Investment

As of 1may2009 value:
TLC874: 32984.28@10948.775
TLC882: 36243.41@6023.702
Total    : 69227.69
If I want to sell them the penalty or DSC is 3271.02, after 2011 there will be no penalty.

Upon the advise of my financial advisor, I opened a leveraged investment account in September, 2006 with Transamerica Life.

I borrowed $100K from a financial institution at Prime+0.5 and purchased:

• TLC874: imaxx TOP Agressive Growth GIP DSC(75/100)
• TLC882: imaxx TOP Canadian Managers GIP DSC(75/100)

Initially the investment was doing pretty well,with all the turmoil in the market is this is the update:

Six years ago when we had our first son, I used to rely heavily on my investment advisor on making investment decisions.  Those days work hours were long, did not have enough time to research, hence put my faith in my investment advisor.

Now that we have just had our second son, I have more time at my disposal hence decided to research my investment options.

There are two types of RESP accounts:

Over the weekend I picked up the audio book:

Rich Dad: Who took my money

Really good information there.  Makes me think about my retirement already.  Some Google searches and came across these:

Retirement Planner, from Globe & Mail, very informative.

Yesterday I opened a TFSA account for us with RBC Direct Investing.  The whole account opening process was pretty painless after I realized that the computer I was using to open my account did not have Adobe PDF Reader.  As a result it generated a file on my laptop and was unable to display it, anyways I managed to save the file and opened on my other machine with Adobe on it.

Called RBC Direct Investing rep and they advised me to print, sign, and also include a W-8Ben form with my application just in case I trade US equities.