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Can The Bank Take Your House Even If You Pay Your Mortgage?

It’s every home-owner’s worst nightmare. Already drowning in debt, and with a rampaging cost of living crisis causing many families to barely be able to make ends meet, they get a notice from their mortgage company that says something to the effect of: You have 30 days to pay back your entire mortgage balance in full, or we’re taking your house. Have a great day! Sound like a bad dream? Like something that would never happen here in Canada? Well, I got bad news for you: There are early signs of rough times ahead in the GTA real estate market, […]

Reader Case: How do I Squeeze More Income From my Portfolio?

When most people think about early retirement, they picture themselves flipping off their boss at work, strolling out the door, and retiring to a life of full-time leisure or travel, and there’s nothing wrong with that. That’s the narrative that most of the FIRE bloggers (including us) depict. However, that’s just one flavour of FIRE that may not be for everyone. Over the years, FIRE has grown from a loose collection of bloggers into a global movement, and with it more and more voices have been added to the conversation (which is great), and more and more variants of FIRE […]

Our 2022 Portfolio

Happy 2023, everyone! While I have no idea what 2023 will bring, it would be pretty hard for it to match last year’s casserole of crazy. Inflation, war, spiking gas prices, and the fastest interest rate increase in history made last year a true head-spinner. Personally, I’m rooting for 2023 to herald in that goddamned “Roaring 20’s” we were promised when the pandemic ended. Well, as you know, we here at Millennial Revolution know how to party. So of course FIRECracker and I spent New Year’s Eve knee deep in spreadsheets so we could write this post. So without further […]

Which Way Is The Economy Going in 2023?

It was the best of times, it was the worst of times. Charles Dickens used this phrase to describe 18th century London in the opening to A Tale of Two Cities, but it could easily be used to describe today’s economy. Depending on who you ask, we are all going to be fine, or we could be sleepwalking into a massive recession the likes of which we have never seen before. Predicting the future direction of the economy has never been an exact science, but I’ve never seen a year like 2022. Remember in January, when the big debate on […]

Is a Buy Signal Flashing for Preferred Shares?

It’s been a tough year to be a bond investor. Well, technically, it’s been a tough year for every investor, but the interest rate environment of 2022 has been especially bad for bond investors. Traditional portfolio management operates under the assumption of stocks and bonds being anti-correlated with each other, meaning that when one moves up the other goes down and vice versa. It also operates under the model of stocks being volatile while bonds are safe. 2022 has blown up both rules. Year to date, the S&P 500 has gone down by about 15% for a variety of reasons […]

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