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The Truth About Real Estate Investing... for Canadians

For Canadians by Canadians sharing the truths about generating wealth through real estate investing. This show is about getting rich slowly, investing is a marathon, no get rich quick methods will be discussed here hosted by award winning investor and three time Realtor of the Year Erwin Szeto aka Mr. Hamilton
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Feb 28, 2022

From audience requests, one of the one or two dozen listeners of ours asks for stories from beginners early in their journey and for investors who started later in life. 

Today we have both in David Rahilly who is close to retirement age, has been real estate investing for only a handful of years and recently learnt how to trade stock options.

David’s full time job is that of a high school teacher in Civics of all subjects. Civics class teaches students how government works, how to be a good citizen, the Charter of Rights and Freedoms, etc…  Unfortunately this episode was recorded four weeks ago and lately there’s been a lot of confusion over the freedom to protest and when a protest becomes an illegal occupation. Being as this is a sensitive subject, I think I’ll leave it as is as too much has divided our investor community and I’d like nothing more than to find common ground.  Building wealth using best practices in real estate, stocks, private equities, whole life insurance investments for comfortable retirements and leaving a legacy for our children.

David Rahilly being a high school teacher and like minded investor like us, I wanted to hear his perspective on investing and what’s being taught in school.

We ran out of time in the interview but asked David if he’d share lessons during this most recent downturn in stocks and crypto currencies. For brevity and reduce use of technical terms, I’ve had to paraphrase.

For context, David is a student of the beta version of Stock Hacker Academy which predates the current version we deliver with Best Selling Author, Lee Lowell and he also follows the trades of the gentlemen who delivered the beta version vs. I follow Lee hence our strategies differ.

 

David’s Lessons:

  • First, be light on margin which is like borrowing to invest
  • Second, don’t trust the big players who will move the market and look to prey on small retail investors. Sell credit only on a stock you believe in at a price you want to own.
  • Third, work slowly during volatile times in a falling market.  Size the risk of each trade based on the risk of the underlying stock. Risk profile is not the same of Apple vs a Tesla stock.
  • You get paid more premium for more risk but exposure to risk much greater should the stock fall.
  • Not deploying all capital at once on a single stock. 

 

DISCLAIMER FROM Erwin Szeto: I am not an investment adviser. Neither is our guest/s. All opinions are mine alone. Or theirs. There are risks involved in placing any investment in securities or in Bitcoin or in cryptocurrencies or in anything. None of the information presented herein is intended to form the basis of any offer or recommendation or have any regard to the investment objectives, financial situation, or needs of any specific person, and that includes you, my dear listener or reader. Everything you’re going to hear is for informational entertainment purposes only.

 

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