Jim Chuong
Investor achieving early retirement; invests in U.S. real estate and stocks; shares practical strategies.
High Equity Can Stay Balanced as Markets Rise
Warren Buffett’s Berkshire Hathaway maintains an asset allocation of approximately 45/55 between equity in businesses and cash & cash equivalents. My own asset allocation is 90% equity and 10% cash & cash equivalents, which feels reckless by comparison. When there are no understandable investment opportunities, I let cash & cash equivalents build up. Despite doing nothing, equity values rise so quickly that my asset allocation barely changes. For example: Starting position:
Minimum Wage Was Never Intended as a Living Wage
Minimum wage was never supposed to be a living wage. Is the living wage in the room with us now? I didn’t think so.
Toronto $1M Home Demands $350K Income or Constant Debt
If you bought a $1m home in Toronto, your household income is either $350,000 a year or you’re broke all the time.
Blizzard Cashes in on Pricey Virtual Real Estate
Blizzard is the only company that has figured out how to make a killing off metaverse real estate. The company has released another housing item in the in-game shop. The Cozy Treehouse Retreat will set you back $75 USD. Despite player complaints, many...
Toronto Home Prices Plunge; House Isn’t an Investment
Home sellers are feeling the pain as Toronto real estate prices collapse. Our neighbors paid $1.4 million for a simple starter home in 2022. They’re now trying to sell it for the same price. A similar property near them just hit the...
Kids Sense Parental Irresponsibility Before You Realize
Your kids will say this if you’re irresponsible parents who decided to have kids before you had money Kids can tell that you’re irresponsible Others will lie to you and say, ‘You’ll figure it out,’ but I won’t lie to you. You...
Buffett Warns Iran’s Bomb Raises Nuclear War Risk
“It will be more difficult [to avoid nuclear war] if Iran has the bomb than if they don't." "One way or another - in the next 100 years, maybe it's 200 years - something will happen that cause [nuclear weapons] to...
Survived Toronto's Last Housing Crash, Grateful for This
I adulted into the last Toronto real estate meltdown and I’m grateful to be here for this one.
Even the Clueless Can Thrive with Low‑fee Index ETFs
Someone dumber than you is getting rich by just investing in a low fee index etf
2010 Housing Boom: Cheap Homes, Tiny Commissions, Agent Exodus
In 2010 the best house I bought in the U.S. in was $40,000. The cheapest was $30,000. The most expensive was $90,000. U.S. dollar was parity with the Canadian dollar. Realtor commission was $500 to $1,000 per. Most left the industry because they...
Investing Creates Passive, Tax‑deferred Wealth—Buy Discounts
Investing makes you unemployable. This small investment alone made me a passive $175,000 tax-deferred over the last year. Liberation Day April 2025 was one of the best months for the stock market in recent memory. You can’t buy the bottom, you can...
Earn 70% Profit by Monetizing Social Media Opinions
If you want to start a business that makes money, the simpliest is a posting opinions on social media where you have no overhead, no employees; just a smartphone or laptop. Pay corp tax but generally keep 70% of the revenue.
Wealth Vs. Poverty: Luck as Reason, Not Reality
The rich use luck as a reason they are rich. Poors use luck as an excuse as to why they are not. That’s the difference.
Spending 42%+ on Housing Signals Financial Trouble
If you knowingly spend 42% on housing you’re worse with money. Should be an automatic pass.
Canadian Homes Have Been Losing Money for a Decade
Canadian real estate is getting DEMOLISHED 🇨🇦 If you bought a principal residence in the last 10 years you lost money. Even if you bought all-cash you’re negative with inflation, property tax, insurance, and maintenance. And if you had interest payments, you’re even...