Will There Be a Recession in 2022?

These past few weeks have been an excellent time to get out, enjoy the nice weather, and ignore the financial markets because YIKES, have they been volatile! The Dow Jones Industrial Average lost 1,063 points, or 3.12%, to close at 32,997.97. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, its lowest closing level since November 2020. Both of those losses were the worst single-day drops since 2020. Dow tumbles 1,000 points for the worst day since 2020, The S&P 500 fell more than 13% between January and April of this year. That’s the worst four-month start to a year […]

Reader Case: Lean FIRE or buy a ski studio?

Today’s reader case jumped out at me from the subject line, mainly because it might be the most Canadian reader case I’ve ever heard. Don’t believe me? Check it: Hello Firecracker! As a fellow Canadian, I really love your book and blog where I can find not only US centric insights! I am in my mid 30s and on track to reach my FI number of 600k in a year or so with 522k investments in index funds. Once I reach 600k, my original plan is to continue working to save up 1 year expenses in cash so that I […]

The Return of Underwater Mortgages

In a previous life, my mom used to be a real estate agent, and she often shakes her head at the crazy behaviour of “kids these days” buying houses over Zoom, getting into massive bidding wars, and the signing condition free offers. Back in HER day, people would make their offers conditional on financing, or selling their existing home. They would insist on home inspections! And they definitely would want to see the damned thing in person before plunking down their entire life savings! However, there is something from “back in the day” that might be making an unwelcome return: […]

Wise: A Multi-Currency VISA for Travellers

Hey, remember travelling? Yeah, I sure do. As the world continues to drop COVID-related restrictions for travellers, tourist operators have reported a surge in bookings. Clearly, the world misses international travel as much as we do, and while it may still take some time for the international tourism sector to recover, I’m more than happy to contribute to that recovery. Accessing Money Abroad Used To Suck When FIRECracker and I took our first trip together to the Caribbean waaaay back in 2006, I distinctly remember having a wallet stuffed full of…wait for it…travellers checks. They were these slips of paper […]

How to Invest When the World is on Fire

Has the news been freaking you out lately? Has the war in Ukraine been making you seriously question your portfolio choices? Have you been thinking of pumping the brakes on investing, or moving everything to cash? You are not alone. I’m not sure how this happened, but our inbox has become an interesting sample of broad investing sentiment. When times are going great, our inbox fills up with emails asking “Stocks are too expensive, what do I do?” When times are going not so great, our inbox fills up with emails asking “Stocks are falling! What should I do?” These […]

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