Millennials: This Easy 3-Step Plan Could Make You a Millionaire in 20 Years

A traditional working life is often longer than 40 years, starting in your early 2os and lasting until age 65. Who wants to spend that long chained to a desk?

It doesn’t have to be this way. A group of savings junkies has discovered a way you can stop working in half (or less, if you’re truly hardcore) the normal time. It’s quite possible. Thousands of people are living the dream, retired from the normal nine-to-five grind at an age young enough that they can truly enjoy their time off.

Sound good? Of course it does. Here’s how you can get there in 20 years.

Save a tonne

Unless you’re expecting an inheritance from Great-Aunt Hortense, you’re going to have to save a lot to make your early retirement dreams come true.

The math roughly works like this: if you can save 50% of your income and get a 5% return over time, then you should have enough to retire in about 20 years. This also assumes you can keep your living expenses the same once you stop working for good. Many folks spend more in their golden years because they need to fill the time with something.

Saving 50% of your income is no easy task. Folks making a middle-class wage in an expensive city might find it impossible, but don’t stress just yet. You might be able to pick up extra income by getting a promotion, working extra shifts, or starting a side business. Expenses can be slashed to the bone by downsizing either to a smaller house or completely different city and by getting rid of your car.

One word of advice before you start down this path: in theory, your wage can increase forever. After a certain point, it’s impossible to cut more expenses. I’d focus on the top line.

Take advantage of TFSAs and RRSPs

An RRSP is a powerful savings tool for the average Canadian. It’s all the better for the early retiree.

Say an early retiree started putting cash away in a RRSP at age 22. They’re now 45 and retired, and that account has grown to a sizable sum.

If there were little or no other income, an early retiree could take money from that RRSP and pay very little tax. Combine that with a portfolio with plenty of dividends, and we’re looking at a way to make up to $50,000 per year tax free.

And remember, withdrawals from TFSAs can always be done tax free.

Pick great stocks

We’ve already established an early retiree can stop work in about 20 years if they get a 5% return on their investments. But what if they do much better?

Say you’re able to get a 10% return on your money, which is about in line with historical averages. All you’ll need to do is put away $17,000 annually to end up a millionaire in 20 years. That $1 million could then easily spin off $40,000 annually in dividends, which is enough to live comfortably in many cities.

So, which stocks should you invest in to generate those kinds of returns?

National Bank of Canada (TSX:NA) is one. Canada’s sixth-largest bank is still a behemoth in its own right with a market cap of more than $20 billion. The bank is still somewhat focused on Eastern Canada, which means it has plenty of opportunity to grow both westward and internationally.

It has quietly put up some eye-popping returns over the last 20 years, with shares up 12.86% annually if dividends were reinvested. That’s enough to turn a $10,000 investment back in 1999 into one worth just over $112,000 today.

Empire Company (TSX:EMP.A), the parent company of Sobeys, Safeway, and various other grocery banners, is another great long-term buy-and-hold stock. Although the 2014 acquisition of Safeway was jeered at the time — critics thought Empire paid too much — the company has done a nice job turning things around after the Safeway era got off to a rocky start. Management streamlined operations and cut unnecessary costs, and it’s been working. Recent results have beaten expectations, and Empire’s stock is flirting with a five-year high.

Empire has been another great long-term performer, with shares up 10.23% annually over the last 20 years, including reinvested dividends. That’s enough to turn a $10,000 investment into one worth $64,386.

Trudeau Investing $230m in Canada’s “Top Priority”

Justin Trudeau just shocked Canadian investors to the core by revealing one of the government’s most exciting new investments.

This brand-new supercluster initiative is the first of 5 massive tech collaborations expected to bring up to $50 BILLION to Canada’s economy over the next 10 years.

Click here to learn more about this technology and how you could profit from it!

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Fool contributor Nelson Smith has no position in any of the stocks mentioned.

How to Buy Penny Stocks | Penny Stock Investing

How to invest in Penny stocks?

In this article we are going to talk about the Penny Stocks , a very popular type of stock due to its enormous volatility , which can reach high returns in a short time but, in turn, have a high risk. 

How to invest in penny stocks

Are called Penny Stocks to shares of companies operating small market capitalization at low prices (less than $ 5) generally OTC ( “over the counter” , also known as OTC markets ). These assets are generally considered as high risk and speculative, due to their low liquidity, large spread between the purchase price and the sale and low capitalization.

The rating of the Penny Stocks as such is determined by the price of the stock, not by the market capitalization of the issuing company. However, companies that issue penny stocks generally have market capitalizations of less than 500 million dollars.

These actions are highly prized by traders who are dedicated to speculating with horse mackerels , since their great volatility shortens the duration of the strategies. Think that in an action of less than a dollar, each movement of a penny is an important percentage of surplus value. 

Types of Penny Stocks

There are three types of penny stocks , they are classified according to their risk, to the controls on them and to the OTC market in which they quote:

OTC Pink : these are the lowest-quality and the most speculative stocks, coming from bankrupt companies or with serious liquidity and financing difficulties, or from companies that still do not have products in the market. When dealing with companies that do not fulfill the necessary requirements to quote, they have no obligation to publish information and they are not audited. 

types penny stocks otc pink

OTCQB: These actions are in the medium level of risk. Unlike OTC Pink, the companies from which these actions come are obliged to present documents and accounts publicly. Even so, they are still dealing with very small companies or in an initial phase of development and it is difficult for investors to predict if these will end up being viable projects. 

penny stocks otcqx types

OTCQX : The companies of which these shares are part, within the risk that they continue to carry, comply with many of the financial standards, are obliged to present documents and accounts and are usually audited, so they offer greater security for investors. Sometimes they are companies “sponsored” by other companies or large investors who bet on their future. However, the probability of success when investing in one of these companies, even if it is low, is much higher than choosing the two previous options …

How to invest in Penny Stocks?

Normally, there are few brokers that offer to operate in penny stock markets , which do so at very high commissions and with value restrictions.

Therefore, the most recommended and common way to operate this type of stock is through online brokers , who offer the service of trading shares over the Internet. 

If you need more information about brokers and the commissions they charge, you can consult the following link: TD AMERITRADE

Benefits and risks of investing in Penny Stocks

The main advantage of the Penny Stocks is that they are stocks with values ​​so low that any impulse in the price, even if it is not very large, can provide a large surplus value in a very short time. Sometimes the Penny Stocks have managed to double or triple their price in a single trading day. 

So if we analyze a company, we understand the sector in which it operates and we see that they are carrying out coherent actions we might be able to detect a great investment opportunity. 

However, the truth is that it is very difficult to detect these investment opportunities with penny stocks and the risks that we face when investing in them are high. 

First of all, the biggest danger of investing in Penny Stocks is the lack of information and transparency about the companies, which makes their analysis very complicated, which makes it very difficult to know which to invest in and when to do it. 

Furthermore, this lack of transparency makes it possible to manipulate prices or information, which could be detrimental to small investors. 

Finally, we must not forget that having so little liquidity, we can be trapped in a price almost without counterpart, even if we are in profits it is likely that it will cost us to sell our shares with a good margin.

In short, a penny stock is not a recommended action for anyone, but for those investors who understand the matter and know the risks involved in investing in shares of low market capitalization and low liquidity. 

If even with this, you dare to invest in these types of actions, experts recommend that the investment does not exceed 5% of your total assets allocated to financial investments and, above all, that you always have a disciplined stop loss strategy . 

Once you have known the characteristics and risks of the Penny Stocks, would you invest in these types of actions? Would you assume high risks in exchange for the possibility of generating large profits? Leave us your opinion… (DAY TRADING EDUCATIONAL PLATFORM)

Listen to “Positive Stocks” on Spreaker.

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You can also subscribe to the site´s newsletter so you can get the alerts you want right away. This will allow you to make more money over time, and you will love it down the road as well. You will also get a lot of news right away so you can be in the know at all times.

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This service will pick up stocks with a truly high growth potential so you can make good money down the line. They will review the positive signals that can push any stock higher as soon as possible, and they are truly good at it too. 

Remember that we are here to stay for a long time because we know what we do. We are the next big thing in the world of investment, and you will truly appreciate what we will do for you. Our investor relations company can do that for you.

We know how to pick up the right stocks when they are ready to ramp up, and you will truly appreciate what we do at all times. Yes, you will truly get what you need, and that is just part of the fun down the line too.

How to invest in penny stocks

How to invest in penny stocks.

Making an investment in the best penny stocks regularly takes due research by financiers and staying on top of market trends as well as a stocks basics and technical’s as well as other things. Financiers can use a stock screener to get a list of stocks that fit their factors. A stock screener permits speculators to screen stocks in the market through a spread of factors like price, cap, market, beta, profit, money, price to revenues proportion and price to sales.

Speculators must then research the basics of the stocks in the list as well as each chart and the news out of each company to develop an understanding of the corporations in the list. Speculators should always recall that securities investing is dodgy and financiers shouldn’t ever invest in the stock market unless they can stand to lose their complete investment. A lot of sites provide the best penny stocks newsletter that alerts speculators to new stock concepts.

There are speculators who day trade the best penny stocks out there in the trading day as certain stocks become hot and interest peaks in them. It is vital for backers to read the news every day and keep on top of the market. It’s critical for financiers to become financially literate, this suggests among other stuff, studying how to read revenue statement, balance sheet and money flow statement to grasp the elementals behind corporations.

Each financier and trader must discover their own risk toleration. There’s a serious amount of info flowing through the market every day. There are a few major exchanges in America and others around the globe. Those that consistently find the best penny stocks can earn quite the profit. There are large cap and small caps as well as nano cap stocks in the market. Learn How to Invest in Penny Stocks.

Timing the market can be of the uttermost important. Stocks are moving continually and investors need to spot when the stock may move down or up and investigate the stock chart of each stock being investigated. Backers should stay recent by reading a selection of books on the stock exchange and reading business reports as well as worldwide stories.

The market is a hot subject around the world. The stock exchange is critical for corporations to raise cash to grow their operations and grow. Financier experience is necessary to identify the best penny stocks and keep a lid on of the trends in the stock exchanges. Also, there are industry’s that are hot at set times and potentially cold at different times.

Getting high profits is what attracts all of us into this field of investment. On the contrary before pouring all of your hard earned money into buying the shares of any business, make all of the essential inquiries and look into the fortunes of all of the corporations that you are interested in that are accessible for investment. It might be best to invest in a company that has excellent returns and is going to have a stable position above an interval of time.

This Bank Could Make You Very Rich

Two hands holding champagne glasses toasting each other with Paris in the background

One of the only things that most investors seem to remember about Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) is that it was the Canadian bank that got hit hardest by the 2008 financial crisis.

While there’s no question that management got caught with its pants down during the downturn, struggling to rebound as quickly as many of CIBC’s Canadian banking peers did, it’s worth noting that the bank has made major fundamental improvements to its underlying business such that it won’t be that “ticking time bomb” of a bank to blow up come the next economic downturn.

The most remarkable thing about CIBC is that the stock has never returned to its historical average valuation that was commanded prior to the 2007-08 crash, despite being a much better bank today compared to a decade ago. Have a look at the chart above and you’ll see that CIBC used to command a P/E that hovered around the 12 range. After the recession, a P/E of 10 turned into the new normal, with single-digit P/E multiples not being out of the ordinary on broader market pullbacks.

Indeed, the 65% plunge that took nearly a decade to fully recover from left a bad taste in the mouth of investors, especially when you consider how much better CIBC’s peers were at weathering the storm that crippled many U.S. banks that also exhibited sub-par risk-management policies.

CIBC isn’t today’s best-run Canadian bank by any means, but I think it’s the best bank for your buck given the perennial discount that’s been slapped on shares in spite of the efforts made by CEO Vic Dodig and his team. While still a bank that’s overexposed to the domestic market, CIBC is going all out with its new U.S. business PrivateBancorp (since renamed to CIBC Bank USA).

Moreover, CIBC has shuffled its corporate governance to adopt better internal processes so the bank won’t have a repeat of the disaster that was 2007-08. Operational efficiencies have been accomplished, but investors clearly remain skeptical because of the bank’s alarmingly high exposure to domestic mortgages, which have experienced more muted growth in recent quarters.

CIBC still has a heck of a lot of uninsured mortgages in its loan book, but this unattractive metric, when combined with the bank’s cringe-worthy history of dealing with crises, has produced massive value for investors who seek the greatest risk/reward trade-off.

Sure, you’re taking on a bit more risk with CIBC and its sub-optimal book of domestic retail loans, but when you consider the price you’re paying (8.8 times next year’s expected earnings), the probability of a Canadian housing downturn and its implications on CIBC are likely already factored into the stock. Perhaps the discount and worries over a possible housing flop are exaggerated in the case of CIBC.

From a longer-term perspective, CIBC is positioned to improve the quality of its earnings with its U.S. venture. And with more stringent Canadian mortgage regulations, CIBC’s mortgage growth has lagged all Big Six peers in recent quarters.

It appears that CIBC is putting a cap on its “single source of failure” with its less-aggressive mortgage growth numbers of late. Add CIBC’s operational improvements and enhanced customer perception into the equation, and I think CIBC is due for significant multiple compression over the next decade and beyond.

Foolish takeaway on CIBC

Sure, CIBC will still get smacked hard come the next recession, but don’t expect a repeat of 2007-08, because the bank is way more robust than it was back in the mid-2000s.

When you look at how banks have improved themselves over the last decade, I think CIBC ought to be at or near the top of the list. Moving forward, I expect Dodig and company to create substantial value for shareholders, and that’s with or without recessions thrown into the mix.

CIBC is the cheapest Canadian bank stock, and given the promising forward-looking growth runway in place, I think it’s ridiculous that the name is cheaper than the regional banks.

Stay hungry. Stay Foolish.

You might be missing out on one of the biggest opportunities in Canadian investing history…

Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.

One grassroots Canadian company has already begun introducing this technology to the market – which is why legendary Canadian investor Iain Butler thinks they have a leg up on Amazon in this once-in-a-generation tech race.

This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

Learn More About This TSX Stock Now

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Fool contributor Joey Frenette owns shares of CANADIAN IMPERIAL BANK OF COMMERCE.

What is Empathy? Use it to Succeed!

When you show deep empathy toward others, their defensive energy goes down, and positive energy replaces it. That’s when you can get more creative in solving problems.

I think we all have empathy. We may not have enough courage to display it. Maya Angelou

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Next Year Now interviews world class experts and thought leaders like Adam Grant, Tom Rath, Chip Conley, and Geoff Woods, to uncover the habits and practices that will help you to thrive at work and in life.

-Tom Heffner hosts the Next Year Now podcast to help uncover habits and practices to help you thrive at work and in life. He leverages his expertise in applied psychology and design to help you design a life you love.

Check it out and subscribe wherever you get your podcasts

Again, that’s The Next Year Now Podcast with Tom Heffner


Empowering Companies and Individuals to get Better Results

Amy and Jamie Honey


Amy and Jamie Honey come from varied backgrounds.  

Jamie’s an Australian, Amy’s an American.   Together they combine their diverse experience and skills of health, fitness and communication to help you get even more success out of your life!   Amy is a health habits specialist and customer engagement expert, and Jamie is an expert in communication and mindset.  

They speak and travel all over the world empowering companies and organizations to get better results in all areas of life in a fun and impactful way.   
Amy and Jamie were independent world travelers, discovering the nuisances of success from many cultures. Their powers combined exploded into many entrepreneurial understandings for having your Habits work for you and not against you.   At age 11, doctors told Jamie he would have to have his leg amputated.   Refusing to allow the doctors to do that, he learned how powerful his mind could be, and went on to become an international stunt actor.    Amy, at the age of 16, found herself alone and independent.   Through her own resources she graduated high school and didn’t look back.  At age 20, she became a single mom, putting her families welfare first, she overcame numerous obstacles in an unreceptive market place, and established herself as a successful and powerful entrepreneur.

Next Year Now interviews world class experts and thought leaders like Adam Grant, Tom Rath, Chip Conley, and Geoff Woods, to uncover the habits and practices that will help you to thrive at work and in life.

-Tom Heffner hosts the Next Year Now podcast to help uncover habits and practices to help you thrive at work and in life. He leverages his expertise in applied psychology and design to help you design a life you love.
Check it out and subscribe wherever you get your podcasts

Again, that’s The Next Year Now Podcast with Tom Heffner

Sold last company for $650M, Chad Sahley, Founder of Social BlueBook is on the Positive Phil Podcast

Chad has served as Chief Executive Officer and one of the directors since the Company’s inception in 2014. Chad started his first Company out of his garage, Hieroglyphic Productions. Over the next 10 years, he built that company to become one of Disney’s largest vendors, producing branded content for shows like Hannah Montana, Wizards of Waverly Place and Take Two with Phineas & Ferb. He also directed many A-list celebrities including Taylor Swift, Miley Cyrus, Ben Stiller, Muhammad Ali and Michael J. Fox.

In 2007, he became one of the early adopters on YouTube, launching an original show that quickly became one of the top comedy channels. He loved this new space for many reasons, but mostly because it leveled the playing field for people who simply wanted to create content without playing the “Hollywood” game. YouTube was also the place where he became fast friends with some of the top content creators.

In 2012, Hieroglyphic Productions was acquired by Maker Studios where Chad served as Vice President of Production, helping to build the company before it was sold two years later to Disney for $650 Million.

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