For the vast majority of people, building wealth is an evolution, not a revolution. Unless you come into an inheritance, win a lottery, marry rich, or knock it out of the park with a highly speculative investment, you can expect the journey to take […]
A while ago, one of my Twitter followers sent me the following message: “Hey Banker, any chance you can do a post about your business? I am at the start of my career (early 20s) and entrepreneurship seems enticing, both for the potential to […]
In a break from tradition, today’s post has nothing to do with money, investing or financial independence. Instead, it is about life, and dealing with the curveballs that it will inevitably throw your way. Imagine for a moment that you are young, healthy, have […]
One of my best friends happens to be a wildly successful real estate investor. Picking up the baton of a family business, he built up a neat little empire of apartment buildings and commercial properties – all by the age of 40. He also […]
When it comes to stock market investing, it’s pretty easy to figure out your expected returns. This is especially true if you are young and hold a 100% equity portfolio. Simply take the expected nominal long-term return. Historically, it has been somewhere in the […]
Ever since starting this blog, I haven’t been shy about sharing my views on real estate investing. On one hand, it is one of the most effective ways to build wealth for retail investors. The first property we bought generated an over a decade. […]
There aren’t many advantages to being an analyst in the investment banking world. You are at the lowest possible point in the pecking order. Hours are long, stress levels high, and social life is non-existent. The one advantage, however, is the timing of the […]
In the personal finance community, you will struggle to find a set of people more vehemently disliked than active money managers. Yours truly certainly shares the sentiment. There are exceptions, of course. Star managers who haven’t (yet) fallen from grace. The rare species who […]
Back in my undergrad days, you would struggle to find a more depressing sight than that of accounting major lugging around the latest version of the Income Tax Act. Suffice to say that one look at the 1,000+ page tome (part 1 of 2, […]
When I first moved to the UK about ten years ago, I remember being mightily confused by the concept of a self invested personal pension, also known as a SIPP. I ended up parking my mental questions on the topic when I had realized […]
A couple of years ago, I happened to attend a social event hosted by Lance Uggla. For those of you who haven’t heard of him, Lance is the founder and CEO of a business now known as IHS Markit, an S&P 500 constituent with […]
In any journey, the half-way mark is always an interesting – and symbolic milestone. Even more so this year as we navigate our way through a tumultuous 2020. Not that long ago, we were busy writing up our New Year’s resolutions. Those Australian wildfires […]
Over the past few months, I have been spending a fair bit of time on the topic of investing in bonds. For some people, bonds represent an excellent way to soften the inevitable volatility of the stock markets. For others, it’s a way to […]
Let me take you on a day trip today. Assume you are making 40k a year in the currency of your choice. Being a smart and foresightful person, you sock away 25% of that amount, to the tune of 10k a year. You’ve also […]
One of the biggest obstacles we face on the path to success is the concept of time frames. As a species, humans are just so damn impatient. Genetics plays a big role here. Put simply, delaying gratification was never the utility-maximizing strategy. For thousands […]
Over the past year, I’ve published posts on the best ways to build wealth in your twenties as well as your thirties. Much as I hate to admit it, there will come a time when our glorious twenties and happy thirties will be well […]
Another horrible commute. A highly unpleasant interaction with a passive-aggressive colleague. A manager that seems to pile on more work every day – and yet isn’t nearly so generous with the recognition. And the work itself. What (hopefully) seemed exciting early on has now […]
Solving for the best way to reach financial independence can be a frustrating exercise. Inevitably, it involves making some hard decisions about your current lifestyle and spending habits. And while the good life is certainly there for the taking, it sure feels like it’s […]
A while ago, Peter Kim (a.k.a. Passive Income MD) published a post titled “Buy one property per year and retire early”, which I found to be fascinating reading. Somewhat unfairly, Peter took a bit of flack in the comments for making assumptions that some […]
“Objects in the rear-view mirror may appear closer than they are”. Right now, the opposite is true. It feels like a lifetime ago – but it has only been 11 weeks since we were trying to find a way forward in the midst of […]
When Randall Stephenson announced he is retiring from his role as the CEO of AT&T a few weeks ago, he sure caused a stir. Donald Trump took an instant swipe at him on Twitter. Clearly, no love lost between CNN and the White House […]
Tuck the kids into bed. Kiss your significant other good night. Slide under the covers, close your eyes and wait for the magic to happen. “Make money while you sleep” Ahh, the holy grail of financial independence. A present-day Noah’s Ark, keeping you afloat […]
One possible explanation for the recent divergence in stock market performance vis-à-vis the broader economy is the performance of the tech sector. Microsoft, Apple, Amazon, Alphabet, and Facebook now comprise ~22% of the S&P 500 index. It’s no wonder that the stock market held […]
The stock market is a complex beast. This is not entirely surprising. In a way, it might even be expected. After all, it’s a mechanism that allows retail investors like you and I take a tiny ownership stake in large multinational corporations like Microsoft […]
“It’s all over. They’ve gone and lost it.” This was just one of the comments that popped up in my Facebook feed on March 15th, the day the Fed cut interest rates to zero and launched a massive stimulus program. “They have nothing left […]
If you are putting money to work with the objective of maximizing long-term investment returns, there’s only one right answer to the bonds vs stocks equation. The data simply doesn’t lie: over extended periods of time, equities trump fixed income instruments by a wide […]
The biggest refrain you hear from people who think you can beat the stock market goes as follows: “By definition, 50% of investors do better than the market and the other 50% do worse. Surely it cannot be so hard to be in the […]
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