Dec 2009 Net Worth Update (+2.11%) – Year End Summary

Welcome to the Million Dollar Journey Dec 2009 Net Worth Update – year end summary edition. 2009 has been a great year for net worth growth due to a combination of factors.  First, the markets were much stronger than I expected which has resulted in an aggressive portfolio recovery from the market crash of 2008. …

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Smith Manoeuvre Update December 2009

It’s been a while since my last Smith Manoeuvre portfolio update (see August update). Perhaps it’s because of the lack of portfolio changes lately as I’m one of those people who are not buying much in this market.  However, since it’s the end of the year, it may be a good time to do one…

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Rent a House to my Parents?

Mark emailed me with an interesting scenario in building a house for his parents and renting it out to them.  It’s not that his parents can’t afford to build their own, Mike is simply wondering about the benefits and pitfalls of such an arrangement.  Here are more details: My parents are thinking of selling their…

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Claiming Capital Loss from a Delisted Stock

With Nortel becoming delisted, there are thousands of investors out there still holding the delisted stock.  So what happens next?  How do you claim the capital loss? As I’m not a tax expert, I contacted Tax Guy to help me out with that question.  Here is what he came back with. If you own shares…

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