August 2009 Net Worth Update (+1.70%)

Welcome to the Million Dollar Journey August 2009 Net Worth Update. There’s not a lot to report this time as not a lot has happened in the month of August.  The markets continue to edge upward but we are closing in on the volatile September and October months.  Do you expect a significant market correction…

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Smith Manouevre Portfolio August 2009 – Where is the Correction?

Hey guys, for those of you just joining us, below is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. I write an update every couple months or so to show new positions added…

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Guaranteed Income Supplement (GIS) and GIS Clawback

I received an email from a senior reader (married) recently who was wondering what he can do about avoiding the GIS clawback as he was soon due to convert his RRSP to an RRIF thus a forced withdrawal. Before we get into the question, lets start with the basics. What is Guaranteed Income Supplement (GIS)?…

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