Investing

It’s been a while since we last checked in on the the Grow Your Dough Throwdown. If you remember, Jeff Rose of Good Financial Cents started a challenge for investors to grow $1000 over the course of a year. Participants were to invest the money however so they chose to serve the following purpose:

1. Highlight different investing strategies and methodologies, and
2. Illustrate how simple investing is for beginners.

The latest results from the GYDT are out. How do you think my portfolio, the Index Strikes Back, is doing? Continue Reading

It’s midway through spring and the sun is finally out, seeping into every corner of our little condo. While the sunlight is lovely and much welcomed, it has revealed the some ugly truths: our home is looking rather grim. There is so much dust collecting under furniture, our cream-coloured couch is more day-old cream than its former freshly poured white, and there are little handprints on practically every mirror and windowpane. It’s time for spring cleaning.

It’s not just our fixtures that need some sprucing up; our financial budget is in need of tidying as well. It’s time for a budget re-balance. Continue Reading

William Bernstein’s newly published booklet, If You Can: How Millenials Can Get Rich Slowly, dissects an investment strategy “that a seven-year-old could understand, will take you fifteen minutes of work per year, outperform 90% of finance professionals in the long run and make you a millionaire over time.” Interested? Pack a towel. This is the hitchhiker’s guide to getting rich.

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Near the end of 2013, Jeff Rose of Good Financial Cents initiated a challenge for investors to grow $1000 over the course of a year. Drawing inspiration from the legendary rivalry between Han Solo and Boba Fett, he coined his challenge the Grow Your Dough Throwdown (GYDT). The purpose of GYDT, first and foremost, is to show newb investors how easy it is to invest. Putting his own money on the line, Jeff invested through several different online brokerages to demonstrate the many options and strategies. He tracks his investments’ monthly progress in his blog. At the end of the year, the throwdown should erase preconceived notions that investing is too difficult or requires a lot of money to start with. Continue Reading