Invest It Wisely – Page 160

Fixed Rate and Variable Rate Mortgages: Which is Better?

Chart of the interest saved over 5 years for the first 5 years of a 25 year amortization by selecting a variable rate instead of a fixed rate.

With the recent “scary news” coming from economists and the Bank of Canada, it appears that interest rates will start going up this summer. Indeed, as I showed in Interest Rate Mania: Where is the Housing Market Going?, interest rates are at historical lows and it wouldn’t be prudent to expect them to stay this… [Read More]

When the Gods Punish the Profligate

By Kevin

It has been an interesting week; it turns out that Europe is being punished for their profligacy in dealing with Greece.

A Little Capital Philosophy

By Kevin

Today, me and the girlfriend went for a nice bike ride to take advantage of the gradually improving weather and get some exercise! Ok, I’ll admit that the weather actually wasn’t that great; it was a little chilly, but it still felt good to get out there and move about. Some of my recent posts… [Read More]

Getting Started on the Path to Wealth

By Kevin

In this world, some of us are rich, some of us not so rich. Some of us are lucky enough to be born into wealth, but most of us have to work for it. However, even if you are not currently wealthy, it is always possible for you to get started on the road to… [Read More]

Gold as an Investment: Performance over Time

By Kevin

Chart of the federal funds effective rate, from 1975 to 2010.

Last week, I introduced gold and talked about the allure of this precious metal. Due to gold’s spectacular rise in recent years, interest in the yellow metal has been increasing. Ever since the 2008 financial crisis and the subsequent efforts of governments to stimulate their economies, people have been increasingly taking a hard look at… [Read More]