Business Consultancy – ThinkTak Investments

February 15, 2018

RRSP vs. TFSA … which one should I use? A plain and simple guidline…

It’s again that time of the year! RRSP Season (I think that’s what they call it). As someone unfamiliar with these terminologies (like an immigrant or someone who hasn’t had much savings anyway until recently), you might have been wondering what these actually mean? What are their differences and what one achieves with perhaps the highest anticipated savings accounts in Canada? Continue reading “RRSP vs. TFSA … which one should I use? A plain and simple guidline…”

December 7, 2017

Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook

I will be keeping this post very short. I was reading an OREA textbook and they gave examples of market corrections in the real estate sector (it certainly looks like they are not agreeing with the property market having a cycle though). One example that they gave for “Real Estate Market Correction” sounded awfully familiar to me (I don’t think Continue reading “Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook”

December 5, 2017December 5, 2017

Toronto housing prices down y/y, a first since 2009

Toronto saw a 37% increase in its inventory from last year, and TREB’s benchmark home price index has fallen 8.8% since May 2017 making it the largest six-month decline in its history that goes back to as early as 2000. So how much further will this “correction” go?

Is it better to invest in dividend paying stocks or invest in rental properties?

I just came across an awesome article that, in my opinion, tackled this question in the absolute best possible way. Koodos to Ryan Thurston, who made these calculations available to everyone on Quora. I would strongly recommend everyone to take a few minutes and read this brilliant reply to this question here.

October 23, 2017October 20, 2017

Early Retirement – How much money do I need to save before I retire “safely”? And “The Rule of 25”

This is a question that pops up a lot in the social media these days. Millenials all seem to be rushing to “retire” as soon as they could, or at least, the idea of an early retirement is something that is soothing to the mind. But what is an actual PRACTICAL way of approaching this? I’ll look at the best alternative (from my point of view)… Continue reading “Early Retirement – How much money do I need to save before I retire “safely”? And “The Rule of 25””

October 20, 2017October 19, 2017

Iran’s first foreign currency ETF is set to launch next week

As an attempt to limit physical manipulations of the currency market, Iran will be introducing its first foreign currency exchange-traded fund (ETF) next week. While we still do not know what currencies will be dominating this ETF, the two main currencies that are the most common in Iran are USD and EUR and it is expected that the mentioned ETF to hold a significant portion of its portfolio tied to these two currencies. We could also expect other commonly traded currencies like the Chinese Yuan, Korean Won, Indian Rupee or even Russian Ruble to have some presence in this ETF.

For more in-depth look, please read this article.

September 26, 2017October 18, 2017

Alphabet’s Sidewalk Labs strikes deal to turn 800 acres of Toronto into an ‘internet city’

Google invests $1b in an 800-acre development project in Toronto. Read more here.