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, no less) was enough to scare this finance major out of …
The Really Boring (And Highly Effective) Way To Get Rich Read More »
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 exercise full control over the timetable of their retirement. And as …
Weekend Bonus Edition: Low Risk Corporate Bond Investing Read More »
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 no matter how bad things get. Hardly any conversation involving financial …
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 up the way it has. For companies above (perhaps with the …
“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 in the tank! No more ammo to fight the battle!” As …
As I was approaching my final years of university in the early 2000s, things weren’t looking pretty on the job front. The dot-com bubble burst just a few years ago, leading to a downward spiral in the stock markets and slim job prospects for new graduates. When I finally managed to land an entry-level job …
The day has finally arrived. On Easter Monday, with our son dozing off for his afternoon nap and our daughter mesmerized by yet another episode of Peppa, I have finally managed to sneak into the home office and update the spreadsheet. Over the past few years, I have become far less dogmatic on tracking our …
Key Reflections And Takeaways From Our Most Recent Net Worth Update Read More »
In personal finance, everyone knows what they need to do. The theory is crystal clear: save money, invest regularly, rebalance, buy the dips and so forth. And yet, the reality is that you’ll struggle to find anyone who follows all the rules in the book. Theory always loses to behavioural biases and personal circumstances. In …