Why I don’t invest using margin
As you may know, we only invest with money that we have. We don’t borrow to invest, meaning we are not utilizing Smith Maneuver or trading on margin. Why don’t I invest using margin? Very simple. …
Tawcan is a Canadian personal finance and dividend investing blog that chronicles my quest for financial independence and joyful life.
I started this blog to show it is possible to achieve financial independence as a single-income family with two young kids while living in Vancouver Canada, one of the most expensive cities in the world.
My wife and I started building our dividend portfolio in 2011 after a financial epiphany.
Today, the portfolio generates over $6,000 in dividends per month. We originally dreamed of becoming financially independent and living off dividends by 2025. Although we could live off dividends by supplementing it with a part time income in 2025, we aren't in a rush to cross the so called "finish line." Therefore, we are taking it easy and we plan to realize the dream of living off dividends before 2030.
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Coaching service now available
Several readers have reach out to me via email about coaching on personal finance, investing, and financial independence related topics. While I have tried to answer questions via email, most of these questions really require …
Creating a legacy – Kids’ Dividend Portfolio Update
Back in 2014 we created a dividend portfolio for Baby T1.0. The idea was simple – we wanted to take advantage the power of compounding by fully reinvest all the dividend income. We hope this dividend …
Random Thoughts
Here are some random thoughts that I typed up quickly while on the plane heading down to the US… they are very RAW. I am terribly sad and feel sick to my stomach to …
Be yourself, don’t hide behind an imaginary role
How many social media accounts do you have? Do you have a Facebook account? Do you have a Twitter account? What about Instagram? What about Snapchat? What about Google+? In this social-media-crazed world that we …
Dividend Income – July 2017 Update
Wow where did July go? Between having fun at work, looking running after the kids, tending the garden & yard, and enjoying the summer, July just slipped by. Baby T2.0 is waking up screaming a bit …
How financially sound are you?
Although we own 6 Canadian banking stocks,we use Coast Capital Savings for our day-to-day banking. We are happy Coast Capital Savings customers. The other day I got a letter from Coast Capital Savings stating that they …