{"id":1127,"date":"2008-10-03T11:20:37","date_gmt":"2008-10-03T15:20:37","guid":{"rendered":"http:\/\/www.forgetful.ca\/?p=1127"},"modified":"2008-10-03T11:20:37","modified_gmt":"2008-10-03T15:20:37","slug":"you-think-youve-got-problems","status":"publish","type":"post","link":"http:\/\/forgetful.ca\/?p=1127","title":{"rendered":"You think *you&#039;ve* got problems?"},"content":{"rendered":"<p>Change in value of 29 select financial firms over the past 12 months.<\/p>\n<p><span style=\"color: #0000ee; text-decoration: underline;\"><a href=\"http:\/\/www.forgetful.ca\/wp-content\/uploads\/2008\/10\/delta.jpg\"><\/a><a href=\"http:\/\/www.forgetful.ca\/wp-content\/uploads\/2008\/10\/delta.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1128\" title=\"delta\" src=\"http:\/\/www.forgetful.ca\/wp-content\/uploads\/2008\/10\/delta.jpg\" alt=\"\" width=\"450\" height=\"320\" \/><\/a><\/span><\/p>\n<p>Excerpted from Michael Berry&#8217;s <a href=\"http:\/\/www.discoveryinvesting.com\/Notes\">morning notes<\/a>.<\/p>\n<p>We personally have lost some money on paper, but have also invested in the past week while things have been &#8220;on sale&#8221;, in preparation for the launch of the <a href=\"http:\/\/www.cra-arc.gc.ca\/gncy\/bdgt\/2008\/txfr-eng.html\">Tax-Free Savings Account<\/a>\u00a0(TFSA) on 1-Jan-08. \u00a0Don&#8217;t wait until the end of 2009 to start your money working for you tax-free, plan to max your TFSA right away! \u00a0Our plan is to max our TFSA at the start of each year ($5k per person), and buy a basket of medium-risk stocks or income trusts spread between a few sectors (real estate, power generation, oil, financial) that pay out reasonable yield (&gt;5%, preferrably &gt;10%), and a) long-term collect tax-free income, but b) short-term use dividend re-investment (DRIP) to purchase additional shares each month\/quarter to compound our returns until we are ready (or need) to switch them over to generating cash. \u00a0In 5 years, assuming no more than one or two of them crater, they could be throwing off quite a bit of cash!<\/p>\n<p>Now if only they would introduce income splitting for people younger than 65 &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Change in value of 29 select financial firms over the past 12 months. Excerpted from Michael Berry&#8217;s morning notes. We personally have lost some money on paper, but have also invested in the past week while things have been &#8220;on sale&#8221;, in preparation for the launch of the Tax-Free Savings Account\u00a0(TFSA) on 1-Jan-08. \u00a0Don&#8217;t wait [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[30],"tags":[],"_links":{"self":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/1127"}],"collection":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1127"}],"version-history":[{"count":0,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/1127\/revisions"}],"wp:attachment":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}