Little Money Lab

With the current super low interest rate and fairly big drop of the housing price, many people are considering buying a new home. But, at the same time, people are worried about the possible interest rate hike in the future.  Both US and Canadian government, actually all countries around the world, have injected a large [...]

Smith Manoeuvre seems to be a famous and hot trick to make your mortgage payment tax deductible, at least I believed so. However, It turns out not that simple. Let’s take a look at the following example:
In Month 1, I paid down the principal on my mortgage for $500. And immediately, I invested $500 from my HELOC. Asumming the [...]

We moved into our new house about two months ago and have just got the first bill for one complete month. Therefore, I thought it might be interesting to see what the extra cost will be if someone buy a house than living in a rental. Since houses vary in location (I mean different provinces [...]

I have not been posting for a quite long time. Despite all the ups and downs in the market, I actually feel it is difficult to find a topic to write about. Everytime, I thought I can blog on an interesting topic and then I saw some other bloggers have already put up a post. [...]

After almost a month, I have finally settled down in the new city, Calgary. The stock market has been absolutely voliatle during the last few months. We just hit a record high sell off in October. A record $8.45 billion have been pulled from Canadian mutual fund market in October. September held the previous record for [...]

I have been ignoring my site for a couples of weeks. That reason why is that I have been going through a very important interview for a job that I like in my dream industry. The result has been very statisfied. After one 90 minutes interview, one 30 minutes peer interview, and a three hours [...]

Yes, you heard it right. It is per month, not per year. This bank is claiming that you can get 5% return on your money each month, guaranteed!  It is hard to believe this kind of return, and even harder to believe that there are people who actually think it is possible and legistimate. Let [...]

I have been an ING Direct customer since year 2006. The service from ING Direct is very professional and helpful. The only complain from me will be the lack of the ability to buy their mutual funds online. Each time when you want to buy into their StreetWise funds, you have to call them. The [...]

Emerging market is a very important part of the assets allocation. According to wikipedia, The term emerging markets is used to describe a nation’s social, or business activity in the process of rapid industrialization. The term “rapidly growing economy” is now being used to denote emerging markets. Most of the emerging markets share the [...]