“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework.”
~ Warren Buffett
Investment Management
Learn to love the bear
July 22, 2022 | All Columns, Investment Management
“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
Let’s talk about bubbles
June 23, 2022 | All Columns, Investment Management, Risk Management
“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…
Inflation-proofing your investments
May 2, 2022 | All Columns, Investment Management, Planning Encyclopedia
“Without question, people worry about bad things happening to their money. The idea of losing money can cause considerable mental anguish. Unfortunately, sometimes people may not be worrying about the right things. People will overestimate the risk of something rare but dramatic, and underestimate the risk of something common but boring.” Smart Money Inflation-proofing your…
Do you have a Financial Ninja as an advisor?
April 4, 2022 | All Columns, Investment Management, Money Management
“Canadian financial regulators are cracking down on who can use the term “financial advisor.” Going forward, anyone who is going to call themselves a financial advisor will actually have to have a financial planning, or equivalent, designation.” Smart Money Do you have a Financial Ninja as an advisor
What are you going to do about these low interest rates?
March 16, 2022 | All Columns, Insurance Columns, Investment Management
“Are you an investor looking for something more from the safe part of your portfolio? Do you seem to perpetually roll over your Guaranteed Investment Certificates for another term because you don’t really need the money, but you don’t know what else to do?” Smart Money What are you going to do about these low…
What should you do with your investments in light of the Russian invasion of Ukraine?
March 16, 2022 | All Columns, Investment Management
“So what should you do with your investments in light of the Russian invasion of Ukraine? Generally speaking, I would say that this is a scary time, but probably not a great time to make reckless decisions. Market timing is a strategy that historically has produced inconsistent results. As things stand now, anyone that was…
Do you drink your coffee at home?
February 28, 2022 | All Columns, Investment Management, Money Management
“I keep seeing this idea that to retire wealthy you need to drink your coffee at home. In other words, if you have a $5 a day coffee habit, instead of buying the fancy gourmet triple lattes with cinnamon, you brew your own coffee at home at a fraction of the cost. Then you take…
Knowing when you don’t know
February 2, 2022 | All Columns, Investment Management
“The inspiration for this week’s column comes from a series of social media posts from people who clearly did not know what they were talking about. Of course, opinionated people on social media with no knowledge of what they are talking about is nothing new. But one twitter thread, about inadvertently buying options contracts, was…
What’s the big deal about inflation?
January 25, 2022 | All Columns, Investment Management, Retirement Planning, Risk Management
“There has been a lot of talk about inflation recently. Generally, this is the type of bland subject matter that only intrigues economists, but lately more and more people are paying attention. So, what is inflation, and why should you care?” Smart Money Whats the big deal about inflation
Chasing past performance
January 18, 2022 | All Columns, Investment Management, Risk Management
“All things being equal, if investment decision making was rational, then we would have seen record purchases of mutual funds in 2020 when investment prices were on sale, and a return to regular buying activity in 2021 after the big sale was over. Instead, we saw people stop buying in 2020 because the future was very…