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Are we Collectively Holding a Financial Grenade?
By Ryan Goldsman, CFP®, PAIP®
“All I want to know is where I’m going to die so I’ll never go there”
- Warren Buffett & Charlie Munger
I’m not sure who actually stated it for the first time, but it’s definitely worth thinking about. Put another way, we knew the train was going to come barreling down the tracks at some point, but we didn’t act until it was too late. Very few took refuge or planned accordingly.
Tax Deadlines
By PAIP Canada staff
For the large majority of Canadians, the tax filing deadline is April 30th of each year unless the day falls on a weekend. If that happens, then the deadline is extended by a day or two. For those who are self-employed, or have a spouse who is self-employed, then the deadline to file their personal taxes is June 15th, but that doesn’t change the due date for all Canadians to pay their taxes for the previous calendar year. That date is April 30th, for both self-employed individuals and those who are not self-employed.
The Return of the Emergency Fund
By Ryan Goldsman, CFP®, PAIP®
Growing up we heard about responsibility and the many things we had to do in order to become a “responsible adult”. While many of those things were correct, like buying car insurance, there’s one thing that seems to have skipped a generation: the emergency fund.
The CPP Increase
By PAIP Canada staff
In the early 2000’s, Capital One aired an interesting commercial with the tag line “hand in my pocket”. It showed a well-dressed man in a suit with his hand in the pocket of many individuals. The commercial was meant to show the difference between other high interest credit cards and the Capital One credit card. It may have been a good commercial, but definitely annoyed a lot of people over time.
The Long and the Short of It
By Michael Hlinka
When it comes to buying individual equities, the thing I hate to hear is that the company is a “good story”. Now, I like a good story as much as the next guy – that’s why I go to movies and real novels. But when I’m investing in publicly traded corporations, I’m looking for entities with a proven track record and sound financials. For that reason, my first long selection is Big 5 Sporting Goods Corp (NASDAQ: BGFV, Jan 31st/23 close $9.99) and my first short selection is Peloton Interactive Inc (NASDAQ:PTON, Jan 31st/23 close $12.93).