I love to be 53 years old

Nov. 10, 2019

Introduction

It is such a great topic called "I love to be 53 years old". I like to write down a few facts and arguments to support myself.

My experience

I am lucky to have health, a full time job with 10 years experience, and also I live in Canada. I like to work on a job not too challenging, and also I have freedom to explore so many things on the internet. I like to meet people, write coding blog, and also enjoy simple things in life without spending money. 

I added this paragraph to make my article making more sense. 

Facts

I also like to write down what I have learned through my wealth, how to grow rich; I like to write down my lessons. I have to push myself to be a learner. I also like to share with others, since I do believe that not every one is so smart and have good reading content when dealing with details. 

I turned 53 years old in Oct. 2019. Life is tough and I like the challenge. I like to be a frugal person, and also I have to work on my physical fitness, so that I can enjoy life better and stay health.

I left United States in 2010 April, but I own a condo back in the city of Boca Raton, I made the purchase back in 1999, and the price goes up value. I wrote blogs with tag called understanding my mortgage.

I also learned how to invest my USA 401 K and IRA this May, and then put into US stock market, the value goes up $1,900 US dollars starting this May. So my asset in USA is up, but less than $200,000 US dollars.

I need to work on my asset in Canada. I have not invest anything starting from 2010 to 2019. I have to push myself to be a learner, and also a problem solver. I like to learn to be a frugal person starting this May 2019.

One bedroom condo price is too high in Surrey or Colverdale, and I am thinking about moving to a small city like kamloop. But it is still too expensive with price around $150,000 old condo.

I have to learn how to grow rich and build wealth in Canada. I remembered that I brought $18,000 US dollars check when I came to Vancouver back in April 2010. I waste money in China on party with my siblings, and then wasted my saving over a year in one month vacation from 2012 to 2017, I did not learn how to invest in Canada from 2010 to 2019 May. I learn the lesson. I could not pay a down payment for a home, how come do I spend money like crazy. Emotion is so challenge for me to learn as a single person.

I am working on my Canadian portfolio called Victoria and RRSP portfolio. I have to learn how to manage the portfolio as well. Here are the blogs.

I was not a good learner from 2001 to 2019 May as an owner with 401 K and IRA in USA, I only put in the bank with minimum interest rate. I finally got the time to move those funds out of USA New York community bank. Here are blogs related to my IRA CD.

I am a Canadian now. How can I survive next 20  years in this country?

Personal finance 

I love to learn personal finance starting from May 2019. Even though I am not able to own a home in Canada, and I am 53 years old. I have to push myself to learn from my own experience.

References:
1. My Canada asset in 2010. Here is the blog.

Never Mind Warren Buffett: Air Canada (TSX:AC) Stock Is a Buy

Here is the article.

Here are highlights from the articles:

1. Airlines are at risk of bankruptcy as much as any other player in this field;
2. Air Canada can ground its fleet and expect to resume business as soon as governments give the all clear;
3. Compared to Boeing, Air Canada is a better choice;
4. 
   

Air Canada is the one aerospace stock to own right now

Of course, airlines are at risk of bankruptcy as much as any other player in this field. However, Air Canada is not reliant on giant contracts in the same way that the likes of Boeing are. Air Canada can ground its fleet and expect to resume business as soon as governments give the all clear. It’s far from ideal, and lost revenue is lost forever. But the stakes are arguably lower than they are for a manufacturer.

Investors should bet on a recovery. Not just a relief rally. But a sustained return to normal operations. Of course, physical-distancing measures will have to be implemented at airports and when traveling on flights. The world will likely never be exactly the way it was before the pandemic. But air travel cannot be halted forever. At some point, Canadians will begin flying again. And when they do, Air Canada will fly them.

It’s a fairly simple contrarian thesis on the face of it. Investors trying to navigate the market have been finding it next to impossible to time. Indeed, analysts and asset managers have been advising that investors do not try to time the bottom of this market. However, a broad strokes approach to the coronavirus market involves looking towards a total eventual recovery, buying in stages, and going long.

Of course, no investment comes without risk. A personal investment portfolio should therefore be diversified at every level. Just as the stock segment of a broader portfolio should be spread across sectors, such investments should be counterweighted by other asset types. Investors buying stocks should also mix in the best bonds to give a broader mix of stabilizing holdings for the long term.

My Canadian asset in 2010

Dec. 15, 2018

Introduction

To build wealth, one thing is a must to document all expenses and income. I like to write down my personal history to build wealth in Canada. I came to Canada in April 23, 2010. And I brought $17,000 us dollars to Canada, and then I started to work full time from June 15, 2010 in a small manufacturer company.

My asset

I brought my 1999 Ford Explorer and some belongings to Canada. Here is July 1, 2010 my bank statement.

I brought $17,000 US dollars to Canada, in two months I found a full time software programmer job.

One idea was to pay my USA home equity loan using $12,000 US dollar and start to live on pay check from pay check in Canada. Or another idea is to save $10,000 dollar more to have a down payment for a condo in the city of Surrey in 2011. Another idea is to borrow another $17,000 US dollars from my home equity line and purchase a condo in the city of Surrey.

In 2017, I had to pay back to my USA home equity line $25,000 us dollars.

Actionable Items

I have to build a habit to do finance analysis every month. I should spend a few hours to document all expenses, income.

I should start to study real estate market from 2010, from Chilliwack, Abbotsford, and Surrey. I should go out to learn and figure out real estate market.

I should make a plan and budget, and set limit of expenses. I need to learn how to discipline myself financially.

Brainstorm idea

From the viewpoint of Dec. 15, 2018, what I should do in 2010 July, I should borrow another $17,000 us dollar to reach maximum home equity line in USA, and then I should purchase a two bedroom condo in the city of Surrey, 10 years old or so. I will try to rent out one or two bedrooms separately, and I will spend time to learn the city of Surrey, and force myself to adapt to finance challenge.

The reason to purchase two bedroom condo is to think in long term. There is much easy to sell and also the price can go up more compared to one bedroom condo. The passive income from the rent will help to reduce risk of foreclosure etc.

The total loan amount will be around $150,000 include two homes, one is USA, one in the city of Surrey. There are four bedrooms, and I have chance to serve four people for their housing need.
Interest rate was very low, us home equity loan is less than 2.25%, Canadian is less than 3%.

Follow up 

Nov. 11, 2019 4:59 PM
It is my holiday called remembrance day. I like to work on the research, and write down my thought process about my decision making back in 2010.

I was not confident back in 2010 even though I got the full time job. I had to learn how to hold a job longer than two years.

April 29 2025

I spent 5 minutes to read the blog. Now all condos in Surrey is above $250,000 Canadian dollars. 

Case study: $18,000 dollars 2010 asset 10 years return

January 4, 2019

Introduction 

I like to work on a short case study. I brought $18,000 US dollar to Canada in 2010 April, and then I found a full time job as a software programmer in June 15, 2010. If  I have invested those $18,000 Canada dollar into S & P 500 index fund VOO ETF, and based on VOO last 10 years return, what will be my return.

Case study

It is the first day I learn to use the website from bankrate.com to calculate return.
VOO 10 yr return is 13.56%.

Here are references:
1. Bankrate.com webpage to calculate return. Here is the link.
2. My Canada asset in 2010, here is my blog.
3. VOO ETF 10 yr return, here is the web page of VOO.

Reality

I learned VOO ETF until this May 2019, and I learned S & P 500 index return until May 2019. It is 10 year bull market from 2010 to 2019. I am a people person, and I always like to meet people. My problem is that I do not read enough, and not curious to learn personal finance and investment until I was 52 years old, depressed, not know where to move in Nov. 2018.

I was smart back in November 2018. I decided to move my research from algorithm and data structure to personal finance.

I actually did not make interest income or other passive income in Canada from 2010 to January 2019 more than $1,000 dollars.

This is the life. Knowledge is the power. I did not push myself hard to learn how to invest on stock market, instead I chose to sell everything in 2009.

Actionable Items

I like to case study more about my income from 2010 to 2019. How to understand the investment, 10 yr return.

Case study: 2012 citi credit card statements

Feb. 6, 2019

Introduction

It is my personal finance research. Today I got 12 statement of citi bank credit card statement in 2012. I like to case study the expenses on the citi credit card.

Case study

It is the third year I worked full time starting from 2010. I decided to take a vacation in January, I started with asset in Canada with $17,000 US dollars, but actually spent over $5,000 Canadian dollars for one month vacation.

I review all possible mistakes I made, and I like to push myself to learn.

One is to choose wrong time to take vacation. I paid $1050 US dollars for Air Canada ticket. This is the first vacation I took after I landed in Canada in 2010.

My analysis

I should choose slow season to take vacation. I can get ticket around $550 Canadian dollars in May. I should review my shopping habit and learn how to avoid those shopping expense around $500.00 dollars.

Actionable Items

I need to look into how to take vacation to China. How to reduce cost and also discipline myself in terms of shopping using credit card.

It is so easy for me to save $500 dollar on airline ticket if I choose the vacation in April instead of January.

I should study Air Canada ticket round trip to Canada, and learn how to time the market in the lowest point.

One thing I like to push myself to learn is to learn to spend minimum on vacation. I should understand that the expense should be income - savings. If my asset in Canada is less than $20,000 dollars, I should not spend $4000 for a vacation.

Also if I cannot control expense on clothing, I cannot control my personal finance at all.

Case study: RBC bank and my date with mortgage

January 8, 2019

Introduction

It is my personal finance research. I came cross the article called cross border mortgage in google search. So I visited RBC bank today. I like to date my money, and try to get some mortgage advice.

Bank willing to work with US asset

I am banking with Scotia bank. I set an appointment with scotia bank and tried to sell RRSP fund and plan to purchase Scotia index fund. I like to get into index fund for next 12 months. I need to learn to watch the market and discipline my behavior. I did personal finance research and then I found out that I sold VIGRX in 2002 and then totally forgot it.

I am a single person but I should try to make opportunities for me to date my money, so I can learn from bank mortgage specialist and new graduate from top universities in Canada who works for those banks.

I know that the market is too high and a lot of people gambling the real estate. I should time the market and now it is too late.

Paper work to prepare

1. Last three month USA chase bank statements for my rental
2. My US asset last three month statements
3. My Canada asset last three month statements
4. My Property tax and condo association fee for rental property, rental income.
5. My social security in USA and other
6. 2016 T1 General
7. 2017 T1 General
8. Notice of assessment
9. 20% down payment

XYZ stock | Financial stocks get slammed as Canada, Mexico tariffs kick in (updated)

 

Financial stocks get slammed as Canada, Mexico tariffs kick in (updated)

Mar. 04, 2025 5:05 PM ETThe Financial Select Sector SPDR® Fund ETF (XLF), FINX, KBESCHW, AXP, BAC, COF, MS, USB, MET, CMA, BAM, TROW, KRE, PNC, LNC, PSP, IBKR, AB, BX, IVZ, KKR, CACC, CG, ALLY, SYF, XYZ, BHF, EQH, HOOD, SOFI, AFRM, BLKBy: Liz Kiesche, SA News Editor

• (3min)
• Comments
  (23)

Updates with closing stock price movements.

Financial stocks led the broader stock averages down on Tuesday as Canada retaliated with 25% tariffs on imports from the U.S. to the Trump administration's 25% tariffs on imports from Mexico and Canada.

The S&P 500 Financials sector (NYSEARCA:XLF) slid 3.5% at the close, the worst performer of the S&P's 11 industry sectors, and steeper than the S&P 500's 1.2% decline. The tariffs aim to boost U.S. production by increasing the cost of imports. But in the near-term, that raises the price of many consumer products and risks constraining, if not reversing, economic growth.

Among the financial subsectors most affected are credit card issuers, auto lenders, fintechs, life insurers, banks, asset managers, and private equity companies.

Global X FinTech ETF (NASDAQ:FINX) dropped 2.4% in Tuesday trading. SoFi Technologies (SOFI) slid 3.5%, recovering some from its 9.9% plunge in the morning. Affirm Holdings (AFRM), which provides buy now, pay later financing, tanked 7.8%, and Block (XYZ) fell 5.4%.

Credit card companies stand to lose as consumers cut back or delay purchases. American Express (AXP) stock declined 4.1%, Capital One Financial (COF) sank 5.8%, and Synchrony Financial (SYF) dipped 3.3%.

Auto lenders Ally Financial (ALLY) fell 1.0% and Credit Acceptance (CACC) declined 2.5%, both off their session lows.

In the banking sector, the SPDR S&P Bank ETF (NYSEARCA:KBE) dropped 3.7% and SPDR S&P Regional Banking ETF (KRE) lost 3.5%. Bank of America (BAC) -6.3%, Morgan Stanley (MS) -5.7%, Comerica (CMA) -5.0%, PNC Financial Services (PNC) -4.8%, U.S. Bancorp (USB) -3.5%.

Online brokers also felt the pain, with Robinhood Markets (HOOD) slipping 1.4%, Interactive Brokers (IBKR) -2.7%, Charles Schwab (SCHW) -3.8%. HOOD recovered some from session lows after its CEO spoke at an industry conference.

Invesco Global Listed Private Equity ETF (PSP) dipped 2.3%, with Blackstone (BX) off 4.9%, Carlyle Group (CG) down 6.7%, and KKR (KKR) -9.2%.

Asset managers BlackRock (BLK) -1.5%, T. Rowe Price (TROW) -3.6%, Invesco (IVZ) -4.5%, Brookfield Asset Management (BAM) -5.3%.

Life insurers slid as well, with Brighthouse Financial (BHF) off 5.3%, MetLife (MET) -4.8%, Lincoln National (LNC) -5.4%, and Equitable Holdings (EQH) -5.4%.

More on Global X FinTech ETF, SPDR S&P Bank ETF, etc.