Investment – 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?

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.

October 19, 2017

Thirty years ago today, “Black Monday” wiped out over 1/5 of DJIA in one day and it happened under very familiar circumstances

Black Monday, dubbed as the worse day for the stocks in modern financial history, led to a 22.6% drop in Dow Jones Industrial Average in one single day. Potential reasons for this to happen were a slowdown in the US economy, falling oil prices and the tension between the US and Iran (sounds familiar?). Another reason (and a more logical one) was that the whole thing was the result of the so-called “computer trading” that had conditions to buy and sell stocks and we all know what happens when stocks start to go down!

For a more in-depth look at what happened 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.