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The Berkshire Hathaway annual meeting
He offered some perspective by showing a slide of the 20 largest companies on the planet, including Apple, Microsoft, Facebook, Tesla, and his own Berkshire Hathaway. His question for investors, how many of these companies will remain in the Top 20 list 30 years from now? Using history as a guide, Buffett then showed a…
Also posted in Investment Management
What to do with a windfall
One thing I would be reluctant to do is to YOLO your money. YOLO stands for “you only live once” and has come to represent people making ill-advised speculations on get-rich-quick schemes. But get-rich-quick-schemes are often get-poor-quick schemes. If you are thinking about YOLO, please don’t do it with more money than you are prepared…
Also posted in Money Management
Read this the next time your investments are down 25%
There are some things that you can control, and some things that you can’t. Focus on what you can control. Why are you investing? Is it for retirement, your kid’s education, some bucket list item? Stay focused on those goals. Do you own high quality investments that are temporarily out of favour? Has anything changed…
Also posted in Investment Management
The secret is there is no secret
Making good financial choices can be simple. Determine your objectives and make decisions that are consistent with achieving them. Live within your means. Pay yourself first. Protect your income. Pay down your debt. Have an emergency fund. Put some money away for the future. These are not complicated ideas. But they are not always quick,…
Also posted in Investment Management
Paralysis by analysis
“It is the decision and commitment to start planning for the future that matters. The two bucks a month price difference is merely optimizing that decision. If you are prone to paralysis by analysis, then it might be time to stop overanalyzing two-dollar decisions and just get started.” Brad Brain_ Paralysis by analysis – Alaska…
Also posted in Planning Encyclopedia
COVID-19 vaccine will not compromise your life insurance
“We live in an age of polarization, where people are quick to make up their minds and slow to change their opinion. Even when a point of view has absolutely no basis in reality, people can be reluctant to let go of an idea. There is a rumour going around that taking the COVID-19 vaccine…
Also posted in Insurance Columns
How to live your best financial life
“The very first, most important thing: live within your means. As Charles Dickens wrote, “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” Protect your finances from catastrophic health events. Buy term insurance when you are young and have mortgages…
Also posted in Insurance Columns, Money Management
Where do you get your advice?
“I recall a specific incident of what I would classify as the wrong way to seek advice. A lady was wondering if she should cash in her RRSP to go travelling. So she asked her friends on Twitter. Her friends are telling her about taxes, and opportunity cost, and saying “YOLO!!!” “ Brad Brain_ Where…
Retirement not just about money
“For many people, retirement is going to last for a long time. A long retirement is great, but that is assuming you are healthy and happy. Connectivity will do wonders for your happiness, and exercise will do miracles for your health. And if you want some motivation, consider how dreary a lengthy retirement would be…
Also posted in Retirement Planning
Your family deserves proper insurance protection
“Creditor insurance is better than no insurance at all, but that’s like saying flip flops in winter are better than no boots at all. It might be true, but just go get some proper winter boots. If you have insurance on your mortgage and you are in good health do yourself a big favour and…
Also posted in Insurance Columns
