What’s the point of wealth?
Please excuse the delay in blog posts. Things got a little hectic around here for a while. It all started with a belly ache. Anyone who has had kids knows…
We’re wired to hunt and forage, not to manage money. So, to manage money well, we have to understand our own psychology. This is both the biggest challenge that investors face, and the greatest opportunity to do well.
Stock prices have dropped. What is the moral of this story? – by David Stanley
There was once a Countryman who possessed the most wonderful Goose you can imagine, for every day when he visited the nest, the Goose had laid a beautiful, glittering, golden…
One more year syndrome
John had been working for several decades. He made a decent income, spent with restraint, and saved consistently. Based on his financial plan, he knew how much money he needed…
I took a 90% pay cut and I couldn’t be happier
This past weekend, my wife and I did something we've never done before - we were vendors at a craft show here in Picton, Ontario. For years we'd dreamed of…
Stop saving for retirement. Start saving for financial independence.
Retirement planning is a multi-billion dollar industry. If you are conscientious enough to save, there's a good chance you are saving for retirement. Have you asked yourself, Why? Is retirement…
Should you invest in segregated funds?
Segregated adjective set apart from each other Segregated funds noun products designed to separate investors from their money Would you like an investment that has the potential to make you…
The real problem with financial advisors
The road to financial independence and through retirement often feels like a menacing dark alley rather than a pleasant rolling country road. As a result, millions of Canadians hand the…
Should I use stop loss orders?
No one likes to lose money. It would seem totally reasonable, then, to use stop loss or stop-limit orders to protect ourselves against investment losses. Unfortunately, more often than not,…
How aging influences your investing skills – by David Stanley
I am a firm believer that anyone with a little interest and a moderate helping of self-discipline can be a successful investor. But here's a warning: no matter what your…
10 advantages DIY investors have over the pros
Advice is loud when the person giving it has something to gain - and the financial services industry has a lot to gain by convincing you that the best place…