Diamond Hands: Saving, Investing, Financial Independence
12 episodes - English - Latest episode: over 3 years ago -Personal finance and self-driven investment chit-chat.
This is not financial advice.
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Episodes
Episode 12 | Converting Money Without the Fees
March 23, 2021 09:15 - 6 minutes - 6.99 MBThank you Norbert. Join me on March 30th with "Episode 13: 5 Figure Hell". Peace! Helpful Links: https://www.moneysense.ca/magazine-archive/norberts-gambit-a-better-way-to-buy-u-s-dollars/ (Norbert's Gambit) Many thanks to the following: https://www.youtube.com/watch?v=1LOUtALSDqw (Moon Theme - DuckTales- L'Orchestre de Jeux Vidéo)
Episode 11 | Funding Your Child's Future
March 16, 2021 09:15 - 16 minutes - 17.5 MBAll about 529 Plans: Prepaid College and Education Savings Plans. Join me on March 23rd with "Episode 12: Norbert's Gambit". Peace! Helpful Links: https://www.sec.gov/reportspubs/investor-publications/investorpubsintro529htm.html (SEC 529 Plan info) https://www.morningstar.com/articles/814612/for-most-college-savers-prepaid-529-plans-dont-make-the-grade (Illinois Prepaid College Fund) Many thanks to the following: https://www.youtube.com/watch?v=1LOUtALSDqw (Moon Theme - DuckTales- L'Orchestr...
Episode 10 | Seven Steps to Financial Success
March 09, 2021 09:15 - 11 minutes - 13.3 MBEPISODE 10! I'm finally out of single digit hell! This episode might look like financial advice, but I assure you it is not. It's simply a summary of this highly informative reddit post: https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps (Money Steps) by https://www.reddit.com/user/Xeon06/ (u/Xeon06) There is also this awesome https://i.imgur.com/zlGnuDO.png (flowchart )created by https://www.reddit.com/user/atlasvoid/ (u/atlasvoid) The Seven StepsStep 0: Budget, reduce expensesS...
Episode 9 | Goldie's Long Portfolio
March 02, 2021 09:15 - 21 minutes - 22.7 MBLol, last time I wrote "Stocks go up" in the show notes the market tanked the week after.. Maybe this will give us a green week.. STOCKS GO DOWN Join me on March 9nd with "Episode 10: Seven Steps to Financial Success". Peace! Many thanks to the following: https://www.youtube.com/watch?v=1LOUtALSDqw (Moon Theme - DuckTales- L'Orchestre de Jeux Vidéo) You can contact me at [email protected].
Episode 8 | The Money Printer
February 23, 2021 09:15 - 11 minutes - 11.8 MBWhat happens when trillions of dollars are suddenly introduced into the economy? Stocks go up. Join me on March 2nd with "Episode 9: Goldie's Positions". Peace! Relevant Links: https://twitter.com/michaeljburry/status/1363226460979228673 (Michael Burry's Tweet) https://www.investopedia.com/terms/q/quantitative-easing.asp (Quantitative Easing) https://www.investopedia.com/terms/m/monetarypolicy.asp (Monetary Policy) Fiat https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe (Zimbabwe Hyperi...
Episode 7 | Timing the Market
February 16, 2021 09:15 - 15 minutes - 16.2 MB"I don't like Timing the Market. It's coarse and rough and irritating and it gets everywhere. Not like Dollar Cost Averaging. There everything is soft and smooth." - Anakin Skywalker, but if he was a CFA Join me on Feb 23th with "Episode 8: Money Printer Goes BRRRRR". Peace! Relevant Links: https://investor.vanguard.com/investing/online-trading/invest-lump-sum (How to Invest a Lump-Sum of Money) https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/ (Periodic S&P500 Reinvest...
Episode 6 | FOMO
February 09, 2021 09:15 - 21 minutes - 19.1 MBAs Yin is to Yang, FOMO is to Diamond Hands. Join me on Feb 16th with "Episode 7: Timing the Market". Peace! Relevant Links: https://www.thebalance.com/why-average-investors-earn-below-average-market-returns-2388519 (Average Retail Investor Returns) https://awealthofcommonsense.com/2020/08/my-strategy-for-dealing-with-fomo/ (Actual Advice for Dealing with FOMO) https://thetagang.com/ (THETAGANG) https://rss.com/podcasts/thetagang/ (THETAGANG Podcast) (Joonie inspired me to start this podcast...
Episode 5 | Getting the most out of your RRSP and TFSA
February 02, 2021 09:15 - 16 minutes - 16.4 MBPOWER TO THE PLAYERS... Consider using your RRSP to buy a house. Contribute 35k, withdraw it using the First Time Homebuyers plan, and then lump your tax refund in with it to get an extra juicy down payment. More details at minute 9:45. See you next time on Feb 9nd with "Episode 6: FOMO". Peace! Relevant Links: https://www.td.com/ca/en/personal-banking/products/saving-investing/registered-plans/rsp/rrsp-withdrawal-rules/#:~:text=When%20can%20I%20withdraw%20from,income%20when%20filing%20your%2...
Episode 4 | Pay Less Taxes
January 26, 2021 09:15 - 13 minutes - 14.2 MB"In this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin This episode provides a broad overview of how the tiered income tax system works, avoiding capital gains taxes through selective selling, and whether a big tax return is even a good thing. See you next time on Feb 2nd with "Episode 5: TFSA vs RRSP". Peace! Relevant Links: https://www.investopedia.com/terms/t/taxshelter.asp#:~:text=A%20tax%20shelter%20is%20a%20place%20to%20legally%20store%20assets...
Episode 3 | Stocks VS ETFs, Dividends and DRIP
January 19, 2021 09:15 - 26 minutes - 25.7 MBThis week we build off of last week by discussing why an investor might choose to buy Stocks or ETFs, as well what dividends are, and how prices are set. We'll be back on Jan 26th with "Episode 4: Life and Taxes". Peace! Relevant Links: DRIP Investing: https://www.canadianmoneysaver.ca/an-introduction (https://www.canadianmoneysaver.ca/an-introduction) Many thanks to the following: https://www.youtube.com/watch?v=1LOUtALSDqw (Moon Theme - DuckTales- L'Orchestre de Jeux Vidéo) You can contact...
Episode 2 | How does the Stock Market work?
January 12, 2021 09:15 - 25 minutes - 28 MBThis week we continue our introduction to investing by learning what exactly Stocks and ETFs are, as well as the what the Stock Market is, and how prices are set. We'll be back on Jan 19th with "Episode 3: Stocks VS ETFs, Dividends and DRIP". Peace! Relevant Links: What is a Stock: https://www.investopedia.com/terms/s/stock.asp (https://www.investopedia.com/terms/s/stock.asp) What is an ETF: https://www.investopedia.com/terms/e/etf.asp (https://www.investopedia.com/terms/e/etf.asp) What are ...
Episode 1 | Growing Your Money
January 01, 2021 09:15 - 24 minutes - 25.2 MBHappy New Year! Welcome to Diamond Hands' inaugural episode we look at the basics of long term investing. Goldie explains compound growth, as well as a few reasons why investing is key to your financial future, and might be simpler than you think. We'll be back on Jan 12th with "Episode 2: How Does the Market Even Work?". Peace! Relevant Links: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp (Historical Return for the S&P500) (Note, does not account for i...