Author Archives: Brad Brain

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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Why do inept people think they are actually doing great?

“It’s called the Dunning-Kruger effect. It is a cognitive bias where people with limited skills are prone to dramatically overestimate their own abilities. You probably have seen something like this before. Here is a well-known example: 88% of drivers consider themselves to be above average. This is, of course, statistically impossible.” Brad Brain_ Why do…

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Invest as if…

“When Black Monday happened, the people that had a long enough time frame to wait it out until the recovery were probably fine. In fact, despite Black Monday, the American markets actually finished 1987 in positive territory. But anyone who held long-term investments with a short-term mindset might not have been able to stick around…

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Maximize your TFSA

“There are so many wonderful things that you can do with a TFSA that go beyond simply a savings account paying 2%. Invest in products with long-term returns that exceed inflation. Utilize a tax-free withdrawal strategy to preserve income-tested government benefits. Buy a blue chip stock with a 5% dividend and set up a dividend…

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Clean up your junk!

“So here is what I want you to do: I want you to make a list of all the things that you want people to know when you are not here to tell them: all the financial institutions that you have accounts at, where your will is located, where your passwords are stored, what kind…

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Financial literacy resources

“To be clear, my perspective on the value of professional financial advice is unwavering. But, for whatever reason, sometimes people are looking for other options. And there is nothing intrinsically wrong with that. If we were all the same then Ben and Jerry’s wouldn’t need to offer 60 flavours of ice cream.” Brad Brain_ Financial…

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Millennials, time to start thinking about your future

“How many Baby Boomers would you expect were thinking of retirement way back in the 1960s and 1970s? But now their time is here. How many Gen-Xers were thinking about life after work in the 1980s and 1990s? But now their time is quickly approaching. The point is, the calendar shows no mercy. You are…

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An overlooked opportunity

“For families that are dealing with a disability the RDSP offers substantial incentives. And yet, very few of the people that are eligible are taking advantage of the RDSP. (…) Don’t overlook this opportunity. If yourself, or someone in your family is under age 59 and eligible for the disability tax credit, talk to a…

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Calling All Millennials

“I do not know if it is like this everywhere but, in my industry, we hear about Millennials all the time. We hear how Millennials are unique. We hear about their social values, and communication styles, and their career objectives. And I really do think that, if you want to know about Millennials, then you…

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There is no Mary Poppins

In the real world, Mary Poppins does not just snap her fingers and the children’s room cleans itself, whilst everyone sings a happy tune. In the real world someone actually has to put the toys away. Brad Brain_ There is no Mary Poppins _ Alaska Highway News

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