A State of Financial Wellness
Money has long been the number one stressor for many Canadians, and there’s no doubt that COVID has magnified this reality. It has upended jobs, security, health and financial stability for people across the country. Millions of Canadians are struggling to cover their bills. In March of 2020, 49% of Canadians were just $200 from […]
Moving For a New Job? Consider the Costs
A job change is no longer just about higher pay or a better title. It can also be about achieving a healthier life balance or simply trying something new. In many cases, a new job includes relocating to a new community. A new opportunity can be very exciting, but even the most positive change comes […]
When Volatility Arrives, Optimism is Key!
The focus here is on you as an investor! What do you bring to the table in terms of investment experience and personal temperament (emotions) that impacts your investment returns and satisfaction while building your nest egg? October is a seasonal time of the year when investment markets often decline as part of a normal […]
Put Your Eggs In Many Baskets
When their investment savings plummeted in the 2001 stock market crash, Adam and Sonya were concerned, but not panicked. Retirement was a long way out, so they had plenty of time to recover. The couple decided to try their hand at ‘timing the market’ (buying and selling stocks based on expected market fluctuations) to recover […]
How Now Horatio Alger?
Horatio Alger1 was an American writer of novels about impoverished boys rising from humble backgrounds to middle-class security and comfort through hard work, determination, courage and honesty. His writings were characterized by the “rags-to-riches” narrative, which continues to have a formative effect on many entrepreneurs today. The “rags -to-riches” theme is part of the North […]
History is a Good Teacher
Like many young adults, Lindsay took what her parents had to say with a grain of salt when it came to money. A new college graduate with an entry-level job, she was more interested in spending her paycheques than saving them. Saving was for later, she thought. Life was for living. When her father raised […]
What Comes Next?
With Canada and many other countries practicing physical distancing or participating in complete lockdowns because of the COVID-19 virus, thoughts are turning to what the world may look like after the restrictions have been lifted. Many people are expressing a desire for life to return to how it was before the arrival of this public […]
Investing Smart During Uncertain Times
Warren Buffett has a classic rule when it comes to market volatility: “Be fearful when others are greedy and greedy when others are fearful”. Investor anxiety normally tends to rise in step with market volatility because most people are concerned about trying to pick the best time to buy or sell. For instance, making investment […]
The Difference Between Price and Profits
The recent market turmoil triggered by the COVID-19 virus (and its possible impact on economic activity) brings to mind some observations by legendary investor Warren Buffett. During his years of investing, he has famously stated that in the short-run (days, weeks, and months) the investment markets are a voting machine. People buy and sell investments […]
The Magic Wealth Ingredient
There is a legend about a successful financial advisor in Warren Buffett’s stomping grounds of Omaha, Nebraska. It is reported that this advisor has learned the art of communicating the basics of wealth building with the local farmers. The advisor, who we will call Fred Smith, greets clients in his office with a window behind […]