Adan | One Money Hut

All things pensions (CPP), investing and personal finance. Engineer by day.

[Eric Peng @ericpeng_]

@shaneparrish "The reading of all good books is like conversation with the finest minds of past centuries."

— Rene Descartes

[Rick Ferri, CFA @Rick_Ferri]

There is no need for investors to try to beat the market anymore. The entire concept was made obsolete with the creation of low-cost, tax-efficient index funds & ETFs. Trying to beat the market today is just a novelty, it's for play money, like lottery tickets and horse racing.

[Adan | One Money Hut @OneMoneyHut]

Good tip when using RRSP savings to fund a new principle home development...

[Canada Revenue Agency @CanRevAgency]

The answer is True! See if you’re eligible for the Home Buyers’ Plan: https://t.co/eOkbW6NngT #CdnTax

[Adan | One Money Hut @OneMoneyHut]

@CoachChadCarson Way to look beyond the list price to work something out. Even the government encourages neighbors to buy homes next door through programs like "Good Neighor Next Door". https://t.co/w3s6qZfAmT

[Adan | One Money Hut @OneMoneyHut]

@CoachChadCarson Like the ceative thinking on the buy-back idea. That's a win all around and everyone is happy.

[Adan | One Money Hut @OneMoneyHut]

@StockTrades_CA Yikes! I believe you. I've worked up in NWT in Jan & Feb before as well. Tough winters but beautiful summers.

[Adan | One Money Hut @OneMoneyHut]

When it comes to business and alternative investments (ex: real estate, debt, etc), I have to agree.

When it comes to stocks, I'm in favor of some diversification since I have no control over stock performance.

[Nick Huber @sweatystartup]

Diversification is overrated.

[Adan | One Money Hut @OneMoneyHut]

Super helpful step-by-step guide on completing a backdoor Roth IRA.

[Physician on FIRE @PhysicianOnFIRE]

Backdoor Roth IRA: A Step by Step Guide at Vanguard https://t.co/oKoN3vt2Ff

[Adan | One Money Hut @OneMoneyHut]

Scary tale of a debt snowball gone wrong.

[Vox @voxdotcom]

The US middle class was raised with expectations of security and growth. But for a number of systemic reasons beyond individual control, that's no longer the norm for many working adults: https://t.co/1DA85z01o9

[Orange Book 🍊📖 @orangebook]

No amount of reading will replace the clarity of the conclusions you reached through experience.

[Adan | One Money Hut @OneMoneyHut]

It's a good idea to claim home office expenses come tax season, especially for 2020 with so many folks working from home since March.

[Globe Investor @globeinvestor]

A simplified approach to claiming home office expenses for 2020 https://t.co/AKmsqjfQ0W

[Adan | One Money Hut @OneMoneyHut]

@CanadianDivide2 You're welcome. Nice to see others achieving their goals.

[Adan | One Money Hut @OneMoneyHut]

If you're a small business owner, non-profit or charity and are having difficulty covering your commercial lease payments, this Canada Emergency Rent Subsidy (CERS) may be a big help for you.

[Canada Revenue Agency @CanRevAgency]

#CdnBusinesses impacted by #COVID19 can apply for the #CERS. https://t.co/gQuyQQtAwd

[Adan | One Money Hut @OneMoneyHut]

This article was a good primer on Credit Unions. Didn't know they've been around in Canada for over a century.
https://t.co/tZx27Tc12q

[Naval @naval]

If you aren’t curious about it, you’ll never be good at it.

[Adan | One Money Hut @OneMoneyHut]

A neat way for kids to learn about budgeting and using money, while creating their own colourful avatar.

[Bank of Canada Museum @BoCMuseum]

Your kids will love building these puppets for #FinancialLiteracyMonth—but they have to do so on a budget! #FLM2020 @FCACan
Download the plans. 👉
https://t.co/bPBwka2Tiu

[Abraham Okusanya @AbrahamOnMoney]

Stop looking for the needle in the haystack. Just buy the stack already.

[Adan | One Money Hut @OneMoneyHut]

Visualizing the power of compound interest to encourage all to invest for the long term. Have patience.
https://t.co/nEoKEaGFfo