Higher taxes are on the way. Regardless of how you feel about it, it’s a fact. A history of public deficits across the developed world, combined with a massive Covid-19 bill, means that governments will need to seek new sources of revenue. Unfortunately, the increase in the tax burden will likely fall on individuals. Let’s …
Higher Taxes Are Coming – Here’s What To Do About It Read More »
Short of winning a lottery, marrying rich, or coming into an inheritance, there are just two dials you can move to accelerate your journey to financial independence. One is to go all-in on your day job in order to maximize your promotions and pay. The other one, so popular in the FIRE community, is to …
To say that 2020 has been an eventful year would be an understatement. A once-in-a-century worldwide pandemic led to unprecedented levels of government and central bank intervention. In turn, the combination of a macro shock with the fiscal and monetary response has led to some pretty interesting developments in the capital markets. While my own …
How Have Various Asset Classes Performed in 2020? Read More »
You may have noticed that as of last week, we are back to regularly scheduled, twice-weekly programming here at Banker On Fire. Two weeks in Spain flew by. It wasn’t a relaxing holiday by a stretch – a toddler, an infant, and a stream of work emails and calls saw to it. No chilling out …
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 …
