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Underestimating the Severity of Your Own Situation
I think that is human nature to underestimate the severity of your own situation. In my own life I started putting on some weight in my thirties. It was no big deal, I thought. And I did nothing about it. I still ate everything that I wanted, and I wanted a lot. But my metabolism…
Also posted in Money Management
Entertainment is not Wisdom
A few days ago I was asked for some recommendations on books to read by a person who was looking to learn a little more about the world of finance. Normally, that’s something that I can help with. I read a lot, and as it happens I was in the local bookstore just a few…
Also posted in Money Management
Financial Pornography
Yesterday I was looking for some information on the Internet, and I ended up watching a few video clips from one of these business news channels. This is unusual for me. When I say unusual I’m not referring to researching stuff – I usually spend about 2 hours a day reading – I’m referring to…
Also posted in Investment Management
The Secret to Financial Success
There is one thing that is of primary importance on the road to financial success. It’s not your income, or Registered Retirement Savings Plans, or home ownership, or negotiating a better interest rate from your bank. The most important thing that determines whether a person will be financially successful is controlling your cash flow. What…
Also posted in Money Management, Retirement Planning
A Tale of Two Clients
This week I was speaking with two people who were looking at their investments in completely different ways. The first person had some mutual funds, and she was disappointed in their performance. She was looking to sell them and transfer her account to something else. Now I haven’t actually sat down with her yet, so…
Also posted in Investment Management
Rebuttal: Long-term Investment Alive and Well
Read Brad’s column on Advisor.ca, entitled Rebuttal: Long-term Investment Alive and Well.
Also posted in Investment Management
The Worst Plunge In Years
In late July North American stock markets suffered the worst decline in years. Or did they? I don’t mean to say that the markets didn’t come down. They did. What I mean is, was it really the worst downturn in years? Well, yes and no. And it’s mostly no. Here’s the thing about the financial…
Also posted in Money Management
Making Good Decisions
I’m putting this column together on the day after Canada just beat Russia to advance to the gold medal game of the World Junior Hockey Championships. It was an amazing game. Many of you will remember this game. It’s the one where Russia scored with less than 3 minutes left in regulation time to take…
Also posted in Money Management
Father’s Day
June 17, 2007 will be remembered as one of the great days in my lifetime. It was my first Father’s Day. A question that has puzzled mankind for eons is, “What is the meaning of life?” But all Dads know the answer when your little baby girl smiles at you. As I was puttering about…
Also posted in Money Management
Monday Morning, 7:00AM
It’s 7:00 a.m. on a crisp, cloudless Monday in early March. The sun is just coming up, and it’s going to be a beautiful day. It’s that wonderful time of the morning when you have the whole day ahead of you, at that wonderful time of the year when spring is right around the corner….
Also posted in Insurance Columns
