umarsaeed

Posts Tagged ‘Canada’

Peer-to-Peer lending: A beginner’s guide

In Advice, Financial, Fresh on December 2, 2016 at 11:18 AM

Today, when you have money left over after paying your bills, you invest in big and distant corporations. You don’t even think about it. The government incentivizes you to save for your future through RSPs and TSFAs. You invest in stocks, bonds or mutual funds. Basically, all of our money goes to the financial markets. The financial system has been designed to funnel our our collective savings in that direction. As different as you might try to be, we all own a slice of the financial markets at large. Alternatively, you could start your own business or purchase an investment property, but this is a lot of risk, costs more in legal fees and taxes, and most importantly, it may entail work that you don’t have time for. So you invest in passive financial instruments. And until now, passive financial instruments basically meant big corporations. 2016 marks the year where we, individual Canadians, can re-channel some of those investments from large and distant corporations to local small businesses. Read the rest of this entry »

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The Colour of Nothing

In Culture, Personal, Uncategorized on February 29, 2016 at 10:44 AM

Montreal’s Carte Blanche magazine printed a story of mine. Enjoy!

Where is My Father’s Money?

In Advice, Criticism, Financial, Fresh, Uncategorized on January 3, 2013 at 1:26 PM

As some of you know, I’ve been working on a book for the last few years. Here is a sneak peak.

Breaking Investment Theory

In Advice, Financial, Fresh on November 6, 2011 at 9:06 PM

The global financial saga continues. Once Greece is cooked, Italy will follow, then maybe Spain and Portugal. Europe’s problems, much like America’s, are partly financial. There is legitimate concern that the banking system itself is overextended. There’s additional worry that these countries have too much debt, which is why the bond markets are punishing them. During times like this, you’ll notice the stock market (or your mutual fund) is losing money. However, your financial advisor is trained to tell you one thing: stay the course. They will continue to say it no matter how bad it gets.

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“Big Government”

In Criticism, Culture, Financial, Fresh, Personal, Politics on September 29, 2011 at 10:39 AM

Watching Ontario’s political debate was painful. I’m annoyed that each candidate felt personally obliged to thank people for their questions. Oh, thank you so much, Sanjay, for that question that I will now proceed to ignore. The name-calling was excessive. With all due respect Mr. McGuinty, your energy plan shows that you’re a loser and your adam’s apple is WAY too big for your neck. They each blatantly plug “selling points” instead of answering questions. Hi Ontario, I’m going to fix everything using only five bullet points!

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True Colours

In Criticism, Financial, Politics on September 13, 2011 at 11:08 AM

Canadians know exactly what they are voting for based on the colour of the political party. Blue stands for tax cuts, less government programs, balanced budgets and big business. Red means higher taxes, better social programs and running up the debt to finance it. Orange is there to make red look like blue. Each colour comes with rhetoric. It is the brand of each political party that has been advertised to Canadians for generations.

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Remembering McLuhan

In Culture, Personal on July 21, 2011 at 8:44 AM

Plenty has been said about Marshall McLuhan this week. He would have been 100 today. The Globe had a nice summary of his life. The Walrus has an interesting angle on religion affected his outlook.

But no article depicts the spirit of Marshall McLuhan better than this article by Wired Magazine. Like many Canadians, McLuhan enriched my mind with his thought-provoking probes.

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ETFs: Explained and Exposed

In Advice, Criticism, Financial on July 14, 2011 at 1:13 PM

During the “flash crash” of 2010, the Dow dropped 1,000 points in a matter of hours because of a computer glitch. During this crunch, ETFs were impossible to sell unless you were willing to take a devastatingly low price. Why?

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Politics in Numbers

In Politics on May 6, 2011 at 12:47 PM

As there is no shortage of opinions on what transpired this past Monday, here is a numerical look at Canada’s 41st General Election using the statistical stylings of the Harper’s index:

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Voting Out of Spite

In Politics on April 30, 2011 at 12:14 PM

When it happened, it probably caught you off-guard too. The Conservative and Liberal ads that were played this past week were oddly out of place. The change was that both parties are spending their final campaign dollars to attack the NDP. While I’m not an expert on running a campaign, I’m pretty sure that by attacking the NDP, or more importantly, acknowledging that the NDP even exists, was a mistake for both parties.

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