Why is the stock market crashing?

Two days ago the stock market officially entered bear market territory, coming down 20% from its high just a few weeks ago. Yesterday the TSX dropped another 12% – the largest one day drop in its history. The beating investors […]

Coping with a market correction

As I write these words, the TSX Composite is down 11.2% in the last week – officially a market correction. News headlines are screaming that it’s the fastest sell-off in history. The talking heads on BNN are turning shades of […]

How did BTSX perform in 2019?

How did your investments perform in 2019? Some will be surprised that it was such a good year. The S&P/TSX Composite Index returned about 22% including dividends. The bad news for mutual fund investors is that, as usual, the vast […]

What is SPIVA?

If there is one thing every investor should know about before considering the purchase of an actively managed mutual fund, it is this: the SPIVA report. SPIVA stands for “S&P Indices Versus Active” and it describes a semi-annual scorecard comparing […]

What is confirmation bias?

Building on last month’s post which addressed how we might tackle investing in a potentially “over-valued” market, I thought I would explore one of the most common cognitive biases that undermines good financial decision-making: confirmation bias. About a year after […]