Hey, regular readers. Just wanted to remind everyone that I’ll be appearing live on Business News Network (BNN) today at 10:45 a.m Eastern Time (8:45 here in Alberta). If you’re reading this before I’m on, DROP EVERYTHING and tune in. I guarantee* it’ll be the handsomest TV you’ll see all year.
*Guarantee void in Tennessee, all other 49 states, 10 provinces, and two territories. Nunavut, we cool.
If this is your first time here, welcome to the greatest website in the history of the internet! There’s no way to dispute that, so you’re just going to have to believe me.
Financial Uproar is where Bay Street meets Main Street. It’s a blog for regular Canadian investors who are good at saving but struggle with where to put their money.
I firmly believe one thing. Regular folks are capable of managing their own investment portfolios. You can take a somewhat hands-off approach and put your money in ETFs or you can invest in one of the thousands of active investing ideas that are out there.
For me, there’s no contest. Passive investing is okay for people with no interest in finance, but that’s not you or me. I’ve never understood the logic of somebody who’s passionate about their money settling for a couple of index funds. There’s nothing wrong with index funds — in fact, there’s logic behind picking them instead of choosing individual stocks — but investing doesn’t stop with stocks and bonds. There are tons of opportunities out there.
Here are some of the best posts I’ve written about alternative investments, followed by some more general finance stuff.
The best of the best
Curious about the private mortgage business? In this article I take a long and detailed look at the business including how I got into it, the interest rates I charge, and what I look for when doing a deal. It also includes details of real mortgages I’ve done over the years.
Trailer parks get a bad rap, with too many people letting their personal biases get in the way of making money. They offer fantastic returns, multiple potential exit strategies, and the ability to hire a cheap property manager to make a passive investment even more hands-off. Here’s an article I wrote on investing in trailer parks.
We consider a stock trading at 12 or 15 times earnings cheap today. Small business valuations are far lower. Want to buy a restaurant, franchise, or some other business for less than five times earnings even after paying someone to run the place for you? You can do that.
Only have a few thousand bucks to invest and a little spare time on your hands? Then you should be looking at buying a website. Not only do many websites offer absolutely succulent returns (50% to 75% annual returns are common, and no, that’s not a typo), but a savvy operator can easily improve a dormant site, increasing both cash flow and the resale value. Just be careful; there’s a lot of crap out there.
I’m also a big fan of the storage business. It’s a largely passive business that offers some nice returns. And as one commenter put it, “stuff has no rights.” I took a look at a local storage business, but, alas, I haven’t quite pulled the trigger yet.
More good stuff
Let’s pivot away from the specific investment types and highlight some of the best general finance posts I’ve done.
This is one of my favorite posts of all time. Here’s how you can run a fake lottery scam with your co-workers and pocket at least $100 a week. Note: don’t actually do this. Please. I don’t want to get sued.
Want to amass $1 million in your TFSA? Don’t we all. Accomplishing such a thing is actually pretty simple of you’re persistent, save enough, and invest right.
We do a number of things to really supercharge our savings rate, which has allowed us to get rich even faster. Here’s how my wife and I bought our house for $30,000 under market value, and how we survive easily on one car.
Each year I run a stock picking contest. Here’s the link to this year’s contest, which has nearly 100 different picks from more than 20 top finance bloggers.
Worried about running out of money when you retire? Probably. Most people are concerned about that. But it’s probably not the biggest threat you’ll have to face, especially as you get older.
And finally, are you tired of paying 2.5% to exchange your money at your bank or using your online broker? Here’s a much cheaper way to do it — at least when converting Canadian Dollars to U.S. Dollars.
The best for last
I also recently completed a passive income guide which outlines 16 different investments that pay 9%. If you’re a little unhealthily addicted to getting paid while you sleep (like I am), this is for you. All I need is your email address and you’ll be reading the report in minutes. Did I mention it’s free?
What are you waiting for? Sign up using the form below!