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Wanting and getting are not the same thing
“I am going to let you in on a little secret that is pretty useful when it comes to financial planning. Are you ready? Things don’t happen unless there is a reason for it. Kind of obvious, isn’t it? But many people behave as if that all they have to do is sit back and…
Also posted in Money Management
Learn to love the bear
“More often than not, though, people have a harder time understanding the joy that comes from buying investments on sale. Given that, I will see if I can free some minds today.” Smart Money_ Learn to love the bear – Alaska Highway News
Also posted in Investment Management
Probabilities vs. consequences
“On many occasions I have had people say things to me that are based on probabilities, not on consequences. And when the stakes are high, that might be the wrong way to look at things.” Smart Money_ Probabilities vs. consequences – Alaska Highway News
Also posted in Insurance Columns
Sexy gets the attention
“Live within your means. Have your asset allocation consistent with your investment objectives. Refrain from trying to time the markets. Dollar-cost average your investments. Be diversified. Stay within your circle of competence. All of this is time-tested wisdom.” Smart Money_ Sexy gets the attention – Alaska Highway News
Asking good questions
“People are sometimes reluctant to ask what’s really on their mind for fear of appearing silly or stupid. Sure, they may toss out a couple of superficial questions, but often people have judgment anxiety, and it holds them back.” Smart Money_ Asking good questions – Alaska Highway News
Taking things out of context
“When the crypto guy quotes Buffett saying the time to be greedy is when others are fearful, what he is saying is that you should be buying more crypto, and buy a lot. Be greedy about it. But here is the logical fallacy: Buffett never said this in reference to cryptocurrency.” Smart Money_ Taking things…
How’s your self-awareness?
“Your lifelong mission is to strive to be self-aware when it comes to money decisions. Remember, it’s hard to recognize our own behaviour.” Smart Money_ How’s your self-awareness_ – Alaska Highway News
Let’s talk about bubbles
“I was talking with my friend Bruce about various financial things. One of the things that we talked about is how it seems that everyone has a story about knowing some guy that made a lot of money in cryptocurrency. Which is interesting, given that cryptocurrencies have been plummeting for some time. Bitcoin, the most prominent cryptocurrency, has lost more than 50…
Also posted in Investment Management, Risk Management
Things they aren’t telling you
“There are people in the financial industry that will use popular financial slogans to try to convince you that their way is best. I’m not saying that these slogans are wrong, just that sometimes they are incomplete. So let’s talk about the things that they don’t tell you.” Smart Money Things they aren’t telling you
My COVID-19 story
“Disabilities don’t arrive by appointment, and the really bad ones don’t last for only a week. So what would happen to your finances if you were suddenly unable to work because you were ill or injured?” Smart Money My COVID-19 story
