Month: November 2020

A Tale Of Two Markets

Real path to wealth

Back in February, when a very prescient colleague of mine was busy liquidating his equity portfolio, a good friend of mine was going in the opposite direction. He and I had discussed investing in the past – and he had fully signed on to the gospel of not looking to beat the market, investing in …

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Should You Go (Back) To School?

Back to school

Almost twelve years ago to the day, it felt like the world was on the verge of collapsing. Venerable financial institutions have gone bankrupt, while others were teetering on the brink. Real estate values plunged in an unprecedented way, leaving millions of overleveraged homeowners on the street.  Having taken heavy losses, investors with secondary/tertiary exposure …

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Don’t Get Too Excited

Proceed with caution

Yesterday’s news of the Pfizer vaccine may well be the emotional highlight of 2020. It certainly put a big smile on my face, notwithstanding an otherwise challenging day at work. A triumph of good over evil. Of human ingenuity over a nasty, deadly illness. Of progress over yet another temporary setback. The markets reacted accordingly. …

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The Road To Riches – Buy or Rent?

Buy or rent?

Of the many conceptual arguments playing out in the personal finance space, buying versus renting has got to be one of the longest-running ones. Based on what I have seen over the past couple of years, the “buyers” represent a solid majority. After all, most folks who have achieved financial independence own their own house. …

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