Building a Perfect Portfolio - Part 1: Starting Out

A good friend of mine who has just graduated is looking for a good place to start investing. She's young, and time may be her side, but today's youth won't find it nearly as easy as their parents did to build their wealth.

Global growth has stalled, and many are even calling a top on our decades-long growth in Western production. Riding a company's success for 30 years until retirement could be a distant memory, say the naysayers... Corporate revenues are stagnant, and dog-fights over the last scraps of market share ensue while companies race to reduce costs.

It sounds hopeless... Investing could actually be a young person's only chance to ensure their future well being and make their fate less reliant on employment or the value of a home. And the odds are immediately stacked against them!.. But the good news is with a healthy amount of research and an equal amount of smarts, the chances of success significantly increase. But where to start?

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How to survive a winter in Toronto

Now that the cold weather is here I thought I'd share some of the ways in which I battle winter in Toronto. Even though I grew up in the far north, I never really got used to the cold... so this is a list of things I do to stay warm in body and in spirit... If you have any tips to share feel free to add!
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Categories: General | 1 Comment

Loving your job

How many of us can honestly say that we absolutely love what we do for a living?

Some say that you can love your job, but your job will never love you back in the same way.  Not so, according to a panel of successful business people who spoke at Ryerson business school's CEO Outlook conference that I attended today. Read more »

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It's official: Torontonians are dull and have an inferiority complex

People who live in Toronto are boring, quite conservative, their food is dry, and they consider themselves inferior to Americans.... Or at least this is what The Economist magazine would have the world believe.

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Travel is a workout for the mind

A great quote I ripped off the wall from one of my friends on facebook. It speaks volumes to the experience of travelling...

"Travelling is a brutality. It forces you to trust strangers and to lose sight of all that familiar comfort of home and friends. You are constantly off balance. Nothing is yours except the essential things -- air, sleep, dreams, the sea, the sky -- all things tending towards the eternal or what we imagine of it."

-- Cesare Pavese

Traveling brings out the best lowest common denominator in all of us. You will never really know what you are capable of until you are a stranger in a strange land. The boundaries of your personal comfort zone will be extended... new friendships and alliances will be forged with people you never thought you could trust... and your overall perception of what is risky will change dramatically.

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On Sabbatical...

on The Great Wall

I'm seeing a bit of the world right now, so this site will not change much until I return.

See you then!

Categories: General | 1 Comment

Stay Hungry. Stay Foolish.

A colleague passed me this link to a commencement address Steve Jobs gave at Stanford some time ago. I wish I had seen it earlier.  I've intuitively practiced the same principles in life's decision making process as Jobs, but this crystallizes the process for me.

Here, in point form, is the advice Jobs gave to the graduating class:

  • You have to trust that the dots will somehow connect in your future. You have to trust in something your gut, destiny, life, karma, whatever.
  • The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking until you find it. Don't settle.
  • Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.
  • Stay Hungry. Stay Foolish.

http://news-service.stanford.edu/news/2005/june15/jobs-061505.html

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War on gas is a bunch of hot air

I received one of those call-to-action emails today... this one titled "The War On Gas Prices". The basic idea is for consumers to boycott Petro Canada, thus forcing this former crown corporation to reduce prices. This action will then force the other gas companies to follow suit, supposedly because consumers will then come swarming back to Petrocan once they lower prices...?? I copied the full text of this pie in the sky idea below.

You might have guessed that I don't agree with the idea of a 'war on gas'. It's not that I'm advocating the price-fixing actions of big business, but this notion flies in the face of basic economics.

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Categories: Economics, Environment | Leave a comment

The income trust conspiracy

Why is the Canadian government persistent in trying to 'fix' the income trust sector?

Both the Liberals and Harper Convervatives have claimed that legislation is needed to stop the flow of all that lost tax revenue. "Lost tax revenues" may be the way they spin it, but I have to wonder: was this revenue ever theirs to begin with?

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A Soviet reunion

Imagine for a minute that the people who run the government of Canada just disappear. All of the MP's, the prime minister, all of the head bureaucrats at all the ministries and crown corporations one day just decide to quit their jobs, maybe leave the country for more sunny climes. What do you think would happen? Eventually it would look something like what is happening in the former Soviet Union right now.
Since the fall of the soviet union in 1992 Russians have been searching for 'stable 'government, but all this has amounted to is just a good old fashioned struggle for power.

Today, about 170 people were were arrested for attending a street protest in Moscow.

170 people! This is huge - Protests are relatively rare in Moscow due to government crackdowns on such unpatriotic behaviour. Hundreds of protestors - is this the start of a revolution? The people are pissed and they want their state assets back! Hell, even Garry Kasparov was arrested! GARRY KASPAROV! - The famous international chess champion! Gary's no activist.. .what the hell is going on here!

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