the Wealthy Canadian

Empowering Investors

Entries from January 2009

Calgary Real Estate and the Recession

January 15th, 2009 · No Comments

During the last boom Calgary was one of the hottest markets in Canada.  Combining a global real estate bubble with a commodities surge, Calgary, the home to Canada’s oil sector, was well positioned to benefit.
Things have been cooling off in the last 18 months, or so, so I decided to take a look at the [...]

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Tags: Economics · Real Estate

Online Profits Lottery

January 15th, 2009 · No Comments

I am not a professional blogger and I am not in this to make money.  My blog is really a journal where I write about things I learn, have learnt in the past, and other items that just pique my interest.
Today I came across something that did pique my interest – a Web Company that [...]

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Tags: Contests

Nortel is Bankrupt

January 14th, 2009 · 2 Comments

Nortel was once the crown jewel on the Toronto Stock Exchange.  At one point Nortel alone accounted for 35% of the entire composite index.  Today the weeping giant, Nortel, announced that they have filed for bankruptcy protection.  You can see the announcement on their website.
Trading on the TSX has been halted, and according to Andrew Wahl [...]

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Tags: Trades

The Big Insurance Scam

January 9th, 2009 · 3 Comments

Just about everybody seems to be frustrated with insurance.  High premiums, large deductables, and coverage that never seems to match what we end up needing.
By and large, however, the insurance industry works as it should.

The premiums are based on risk and coverage.  An 18 year old male insuring a Ferrari is going to cost.. alot.  [...]

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Tags: Economics

Avoiding the Credit Trap

January 6th, 2009 · 4 Comments

Yesterday I told the story of Joe, an unfortunate victim who got caught in the jaws of the credit trap.  Joe made liberal use of his credit to buy all the things he never wanted. Then watched as it spiraled out of control.
To be fair cheap credit can be a great thing.  It is the [...]

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Tags: Economics · Planning