Author Archives: Brad Brain

How to spot an investment fraud

“Every year millions of dollars are lost to fraud in the province of British Columbia. It is probable, sooner or later, that somebody is going to try to rip you off. It might come as an email from someone you have never heard from, but it might also come over coffee from someone you know.”…

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It’s getting flaky out there

“I readily admit that I am a crypto cynic. In fact, in 2017 when bitcoin hit $9500, I shot a video saying that “when it comes to all this speculation on cryptocurrencies, you can unequivocally count me out.” Brad Brain_ It’s getting flaky out there _ Alaska Highway News

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The essence of Buffet

“I have a framed Buffett quote on my office wall. It reads, “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” Brad Brain_ The essence of…

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No such thing as free lunch

“Even before 2020, our federal and provincial governments have been spending a lot of money. And I mean a lot. Then the pandemic economic response spending started, and the taps have been wide open.” Brad Brain_ No such thing as free lunch _ Alaska Highway News

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Reckless debt is like playing with fire

“The use of debt is also simultaneously a wonderful and a terrible thing. And, like fire, it needs to be extinguished once it has served its purpose. The proper use of debt allows you to do what you want if life. Reckless use of debt, however, can bankrupt you.” Brad Brain_ Reckless debt is like…

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New COVID-19 resources for recovery

“The newest addition is the BC Recovery Benefit. One of the NDP election promises was to provide cash to British Columbians, and now we know what that looks like. The BC Recovery Benefit is a special one-time payment to eligible adults who live in BC. It will provide up to $1,000 to families and up…

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How much should I be saving?

“To prepare for the future, let’s start the conversation with saving 10% of your income for future consumption. In other words, if you are making $100,000 a year, you should be thinking about saving $10,000 a year. (…) I know that level of savings may sound unrealistic, but trust me on this. For most people,…

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Are precious metals still precious?

“Precious metals, especially gold, have a reputation for being a hedge against inflation. This reputation, however, is difficult to support. Gold has had a surge lately, and there is a tendency to take recent results and extrapolate them. But the reality is that gold has a 200-year history of abysmal long-term returns, briefly punctuated by…

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Using the right tool for the job

“Sometimes people say to me, “I hate RRSPs.” Honestly, that statement does not make a lot of sense. A Registered Retirement Savings Plan is just a tool to get a job done. It would be like someone saying, “I hate hammers,” or “I hate needle nose pliers.” Usually when people tell me that they hate…

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The cycle of market emotions

“Buying low and selling high is intuitively rational. But, often, that’s not what people actually do. There’s overwhelming evidence that many people seem to be hardwired to do just the opposite: to buy an investment after it has already appreciated only to sell the same investment if it goes down in price. So why do…

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