December Budget 2011

Hey guys, I'm back with the December budget. Seeing as it's the holiday season, I increased the budget to accommodate for all the gifts and events. Hopefully I stay under the budget this time because I gave myself lots of room to work with! I'll have an update on the November budget up soon.

-the Paperboy

Millionaire Teacher Giveaway At MyOwnAdvisor!

Seems that everybody is giving away prizes this time of year. This time around, over at My Own Advisor is giving away a free copy of Millionaire Teacher. Go and check it out! While you're over there, I suggest reading up on all the great posts about dividend and index investing along with all the articles about DRIPs.
 
-the Paperboy

Corus Entertainment Position

On Monday I grabbed some more shares of Corus Entertainment. Growing up, everybody I knew watched television. At school the next day, we would talk about shows we saw the previous night. Every kid I knew would watch YTV. Even now, 10 years later, my little sister watches it religiously. Not only does Corus own YTV, but it owns Treehouse, a 50% stake in Teletoon and Teletoon Retro, a handful of other channels, 37 radio stations and Nelvana which creates some of the shows on these television channels. I'm trying to increase my position in Corus to get my synthetic DRIP going but I have to invest a lot more because of the monthly distributions instead of the quarterly distributions so this means I need to get more dividends in order to cover the price of one share. However, once it gets started then I'll be receiving one share every month!

-the Paperboy

Tax-Free Saving Accounts

Awhile back I talked about which vehicles I would use for certain investments. One of the key accounts to my plan is the Tax Free Saving Account (TFSA). We all hate paying taxes so today I want to go into a little more detail about TFSAs and why you should take advantage of them.