Greatest Boom Ever

Edmonton’s housing market lost some of its summer momentum in September and October as average prices  slipped  and listings climbed, a sign the city is entering a cooler phase after two years of steady gains.   The price of the average housing unit sold in the Edmonton area in September was about $8,300 lower than the month before, falling to $452,849 with October’s average price in the same range, at $454,777, shows the latest data from the Realtors Association of Edmonton (RAE).   https://edmontonjournal.com/news/local-news/edmontons-housing-market-cooling    

    Many people worldwide have  acquired  great wealth through different  methods  and the question sometimes comes up as to what the best investment of all really is. The answers range from gold, real estate, colored diamonds to futures,  stocks  and intellectual property. There are pros and cons to every investment and there is no one  size  fits all which works for everyone at every time.   In my case, I used to believe that mutual funds were the answer. I then changed my mind to real estate, then business. I have met many investors who have weighed in their opinions on this matter and against all the odds, I believe I have found the ultimate investment which will stand the test of time worldwide.   The greatest investment of all is in educating yourself about money. The vehicle you choose is not as important as how you empower yourself. If stocks interest you, then attend a seminar and network with those who are like minded...

CALGARY — Imperial Oil Ltd. reported its third-quarter profit fell compared with a year ago even as its Kearl oilsands operations saw record production.  Read more:  https://tinyurl.com/4fjcd95h  

    Years ago, I watched  Brad Meltzer’s “Decoded” which has at times forced me to question things which I always believed to be true. This show follows a team of investigators who try to  determine  the meanings behind various symbolism, alleged secret codes and conspiracies that surround us  everyday .   In one  a recent  episode, they investigated the gold in Fort Knox and alleged that there may not be as  much if any  of that which many believe is stored in the vault. As intriguing as that was, it paled in comparison to what was  in my opinion the  real  eye opening  experience!   I had always assumed that the 1933 movie “Wizard of OZ” was made for children. During the shooting, it was discovered that color motion pictures could be made and that is why the land of OZ is in  color  and the rest is in black and white. That is all I had known about the movie and did not delve any deeper into ...

    Often times , I have heard about investors who wish to  purchase  stocks or real estate in the United States or other places in the world. Whenever I  encounter  these people, I always recall the story of “Acres of Diamonds” which has been handed down over the generations.   It is a true story about an African farmer who through an acquaintance became enamored about prospecting for diamonds .   Diamonds were already abundant in  Africa  and this individual was so excited about the idea of making his financial dreams come true, that he sold his farm and went directly to the diamond line. He searched all over Africa but as the years turned into decades, his dreams slowly faded until one day he committed suicide by jumping into a river.   The new owner of his farm took possessions and picked up a large and unusual looking rock about the size of a large egg and put it on his mantle as an ornament. A friend stopped by...

    I have met many successful people over the years in the field of business and real  estate  and there runs a common theme about some of their activities that sets them apart from ordinary. People often think there is a secret formula to success, but they have all shown me that simplicity is truly the answer  in  their success. They keep their business practices simple, their relationships and  above all, they  have free  time! That’s  right. They take at least one day a week  completely off  and do not talk about anything  regarding  money. The other 6 days are  plenty enough  to cover all aspects of their finances. Day 7 is exclusively for family, prayer, private time, or even Serie A soccer. Without some sort of  non financial  goals to achieve, there is no  point  investing. Having money is not about money itself, it is about  lifestyle. The  next time you meet someone wh...

      How does one tell the current value of a property? If it is a residential, there is the comparison method in which an appraiser compares some recently sold properties and arrives at an answer. This may work well for residential but for multifamily  properties,  the calculation is based on a more  business like  approach. This is called the Capitalization rate or CAP rate for short. Normally, the more valuable a property is, the greater  it’s  income.   Here is a general method to calculate the CAP rate for a property:   ·  Get the recent sold price of an income property, such as an apartment complex.   Example:  Six unit  apartment project sold for $600,000   ·  For  that same apartment project,  determine  the net operating income, or the net rentals realized by the owners.   Example: The rental income after expenses (net) is $48,000   ·  Divide  the net operati...