Darn Tennis

Ok, I have already broken my promise.  I lost a week and thankfully, got called on it.

No excuses, but I have been obsessed with watching the Australian Open (Tennis).  I love it, but I especially love my pvr!  We didn't have one last year and I missed half of the games because of the time. Problem is that I end up far behind in watching and have to try not to read or hear any sports news as they ended up ruining it for me by telling the winners before I watch them.   Nothing worse.

We've been busy with kids being in swimming twice a week, January Christmas parties and school functions.

I've been trying to spread the word out to open up a TFSA - to anyone willing to listen to me.  Great listeners - but no sure if any action has taken place.  Keeping my fingers crossed for them.
 
Let's not forget about your RRSP's too.  With tax session in the air there have been tons of articles about TFSAs and RRSPs in the papers lately.  It can get pretty confusing.  But the jest of it was that if you are in a lower tax bracket your best focus would be on the TSFA.  Since your RRSP would not bring you a good enough tax break.  Not that you shouldn't contribute to those especially if your company contributes also, but hold off using it till your making a higher salary.

Trying to do some research on some new stocks for the new year and I have been watching General Electric (NYSE:GE) with the Canadian dollar being above par it seemed to be a good time to buy before it hits the $20 mark.

Of course my favourite (I know better than to get emotionally involved with stocks, but...) LuLu Lemon (TSE:LLL) is sitting in the high 66's (which I missed) would be a great buy.  The 52 week high being $75.60 I know (this is just me btw) will go higher when the next quarter comes out.  That store is always busy and of course getting a plug from Oprah doesn't hurt either.

It's a bit overwhelming and I do get lost sometimes and the amount of stocks I am interested in. Trying to just keep it to ones I'm familiar and comfortable with and of course stocks with a great paying dividend.

I will sleep soundly tonight (kids are old enough now, thank goodness) with my choices.  Hope you do the same.

To next week....

Happy New TFSA $5000!

Yes, you should be excited.  It is a new year and with that new year comes another $5000 contribution room to add to your Tax Free Savings Account!! (TFSA).

I know you all have been busy bees shopping and running around getting ready for the holidays  - so I will forgive you for not getting to the bank to open up your TFSA (if you haven't already done so).

But we are well into the new year and along with that comes our NEW YEAR RESOLUTIONS.  Which should be PAY MYSELF FIRST.

I know, I know, those bills are coming in and your eyes bulge out of your head in shock and surprise wondering how the hell you managed to go way over budget (because I know you all made a budge for the holidays right?) Hmmm.....

This should give you even more incentive to toddle off to your bank and open up your TFSA.

Set up an automatic weekly/bi-weekly/monthly withdrawal and I promise you, you will not miss that money.  Not one bit.

Find yourself a decent blue chip stock that has a dividend of at least 3% and you are set.  No worries if the stock goes up or down since you will have that quarterly dividend increasing your account every year and bonus... you can use those tax free gains to pay for next Christmas.  How great is that?


I cant' wait to hear back from you all to tell me that you are thinking ahead and making some positive plans towards a debt free, asset full life.  


It just takes a little time and energy, but it is all worth it.  I am certainly looking forward to a great "bullish" year.

P.S  My aim is to write at least once a week.