Blog


11

Jul 2019

How Much Is Too Much

“Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like.” – Will Rogers Reflecting on my past two blogs Money Can Buy You Happiness and The Three Levels of Wealth, I seem to have inadvertently written about and/or stumbled upon the personal utility of money. I promise this will be my last missive on the theme … at least…

Read More

How Much Is Too Much

19

Jun 2019

Money Can Buy You Happiness!

In last month’s Wealth with Wisdom I discussed “The Three Levels of Wealth” . On a related topic, and contrary to popular opinion, I would suggest that money can indeed buy happiness. This perspective would appear to contradict the massive body of research reflecting (like the chart below) that at about $80,000 of income further emotional “happiness gains” are hard to come by. But here’s the thing … if you think…

Read More

Money Can Buy You Happiness!

16

May 2019

The 3 Levels of Wealth

“Wealth: Any income that is at least one hundred dollars more a year than the income of one’s wife’s sister’s husband.” — H. L. Mencken What is your definition of wealth? I’m certain I would hear 100 different answers if I asked 100 people. I read an article about the Canadian entrepreneur, Stewart Butterfield, the co-founder of Flickr (acquired by Yahoo in 2005) and Slack. The…

Read More

The 3 Levels of Wealth

16

Apr 2019

Time in the Market

“Our capital markets are simply a relocation center; they relocate the wealth from the impatient to the patient.” Warren Buffet  I had a conversation with a client who shared with me that a close friend of hers bailed out of the stock market. Why? Because he simply could not stomach what turned out to be the very short term decline of the market during the last…

Read More

Time in the Market

26

Feb 2019

Time to Pluck the Goose

“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing.” Jean-Baptiste Colbert Please find below two Stonegate tax resources which may assist you in dealing with your 2018 and 2019 tax reporting.Personal income tax organizerPersonal tax calendar As we prepare for this year’s “plucking” perhaps the article below will help minimize the…

Read More

Time to Pluck the Goose

17

Jan 2019

A Year In Review

“Fear is the foe of the faddist, but the friend of the fundamentalist” Warren Buffet PART ONE: GENERAL PRINCIPLES Even in the context of a letter primarily focused on the year just past, it is worth restating that my overall philosophy of investment advice is goal-focused and planning-driven. This sharply distinguishes it from an approach that is market-focused and current events driven. Every successful investor…

Read More

A Year In Review

22

Nov 2018

A Portfolio is Not a Plan

“A cynic is a man who knows the price of everything but the value of nothing” – Oscar Wilde For this month’s “Wealth with Wisdom” I draw once again on the insights of Josh Brown. I must confess that after decades in the financial planning business I feel most of the clients whom I have had the privilege of working with did not fully appreciate…

Read More

A Portfolio is Not a Plan

31

Oct 2018

The Cost of Litigation … Try Not to Take it Personally

Did you hear about the Ontario Superior Court case where three siblings spent close to $500,000 in litigation costs over their deceased father’s painting worth $30,000? If not please read on: Estate Trustees and Costs of Litigation: Try not to take it personally? How do you make sure this sorry state of affairs never happens to your family? In a word … communication. I have been…

Read More

'Maybe his name is Sue?'

25

Sep 2018

There’s No Such Thing as Mosquito Week

“Headlines, in a way, are what mislead you because bad news is a headline, and gradual improvement is not” –  Bill Gates   What would you guess if I asked you what is the longest running cable TV event in history? Congratulations if you answered “Shark Week” which first was televised way back in 1988. Not surprisingly many of us are scared of sharks. Even I,…

Read More

There’s No Such Thing as Mosquito Week

27

Jun 2018

Execution is (almost) Everything

“If more information was the answer, we would all be billionaires with perfect abs!” – Derek Sivers   Derek Sivers is one of my favourite sources of wisdom because of his uncanny ability to communicate complex concepts in easy to understand words and numbers. So it is with his explanation that the importance of ideas is valuable only if they are coupled with proper execution….

Read More

Execution is (almost) Everything


Page 1 of 1212345...10...Last »