Finance Wisdom
Election-Proof your Portfolio??
With the US election all over the news, I have seen a bunch of articles on how to protect your portfolio. Is trying to protect your portfolio before an upcoming news event a good idea? Trying to protect your portfolio before a known event is likely a money-losing strategy. That’s not how the market works.…
Read MoreFinancial planning is not about your money. It’s about your life.
Why won’t Canadians pay for investment advice?
Great article in Globe & Mail by Rob Carrick. The media has been heavily anti-advice for years. The focus has been mainly on low fees, rarely mentioning that the fees pay for advice or attempting to evaluate the cost/benefit of advice. Evidence shows this has been a disaster for Canadians. The comprehensive study by…
Read More“Your Home is the Best Investment” – True or False?
Many people believe that growth of the value of their home has been phenomenal over the last few decades. The common belief is that growth is similar to the stock market and much less risky. Is this actually true? This is important, because believing a home is the best investment leads you to: Feel you…
Read MoreThe One Gigantic Mistake You (and Your Advisor) Keep Making
You review your investments and notice that one is not doing well. You sell and buy a different investment that has been doing well for a few years. You heard favourable news in the media, internet or from your advisor related to the new investment. That’s it! That is the gigantic mistake you keep…
Read MoreWhy Paying Off Your Student Loan is the Worst Thing to Do
Have you heard the story of the “Frustrated Student Loan Payer”? I have seen this story 100 times in real life. A smart kid goes to university and graduates with a large student loan. She spends several years working to pay off the loan. While paying off the loan: She delays becoming independent and stays…
Read MoreHow Come I’m Not Rich?
“90% of putts that are short don’t go in.” – Yogi Berra Why are some people able to become wealthy relatively easily, when most people struggle with their finances? In Canada, about 1 person in 50 is a millionaire and in the US about 1 person in 13 is millionaire* – which is probably a…
Read MoreAre you too focused on Risk Reduction vs. Growth?
A few years ago, we held a client event that highlighted the difference between how different types of investors think. I had invited my favourite Hedge Fund Manager and my favourite Growth Fund Manager. It was the contrast in their thinking that I found fascinating. Read more…
Read MoreHow to Read and Understand Business News
Do you ever read the business news and find yourself wondering exactly what you should or shouldn’t believe? Do you find yourself thinking there is a “big picture” behind the story and you just don’t know what it is?
Read MoreAchieving Peace of Mind
Worried about debts? Do you know when or even if you can retire? Most Canadians do not feel secure financially because they look for security in all the wrong places. The conventional wisdom is to focus on paying off debts & buying “safe” investments, while not knowing if either of these strategies will pay off…
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