Blog


30

Aug 2016

Saving You From Yourself

In last month’s edition of Wealth with Wisdom during the “crisis” that was Brexit I shared with you the value of doing absolutely nothing.  If anything, Brexit was a textbook example of how, at the drop of a hat, our financial media will interpret any period of uncertainty as a full blown crisis or as Shakespeare once wrote, ” … it is a tale told by an idiot,…

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Saving You From Yourself

13

Jul 2016

Brexit … the value of doing absolutely nothing

When Anglo-Saxons said that a single central bank and a single currency without a single state would be inherently unstable, they had a point.” – Jacque Delors, a co-founder of the euro, in an interview with the London Daily Telegraph , December 2011 Not too long ago the United Kingdom voted to leave the European Union. On Friday, June 24th the day after the vote…

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Brexit … the value of doing absolutely nothing

22

Jun 2016

You Are The Enemy

The person staring back at you from the bathroom mirror every day is potentially your investment enemy. Why? Because most Canadian investors fail miserably at investing simply because they insist on buying high and selling low. As you have heard me say (or write) many times before, from my observations after 31 years in the financial services industry over 90% of one’s long-term success in…

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You Are The Enemy

11

May 2016

Smart, Happy, and Useful

Source: Derek Sivers Blog site; https://sivers.org/hsu As you are reading this feel free to congratulate yourself for possessing what 99% of the world’s population would consider as having significant wealth. Having said that, the challenge for many of us is figuring out a “life plan” that is implemented in such a way as to put this wealth to good use! In this month’s blog I again…

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Smart, Happy, and Useful

03

Mar 2016

Why Bear Markets Are So Painful

Over the last few years I’ve paid much closer attention to the burgeoning field of behavior economics. After 30 years in the wealth advisory business it is gratifying to witness the ivory towers of academia finally come to terms with the fact that most individuals make investment decisions based primarily on their emotions.  For those of us who operate in the real world I would…

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11

Feb 2016

Time To Feed The Goose

“Taxes are our way of feeding the goose that lays the golden eggs of freedom, democracy and enterprise. Someone says, ‘Well, the goose eats too much!’ That’s probably true.  But better a fat goose than no goose at all” – Jim Rohn As I have now begun to receive a flurry of tax “T-Statements” I realize, once again , it is that time of year…

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Time To Feed The Goose

27

Jan 2016

All About Gratitude

As we start the New Year perhaps the most important resolution should be to make gratitude a priority. Easy to say but hard to make a habit of doing.  Once again I draw on the wisdom of Hugh McLeod to expand on the subject. Here’s a question: when in business, when should you *feel* successful? When do you start thinking of yourself *as* successful? When you make a…

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All About Gratitude

06

Jan 2016

The Hierarchy of Investor Needs

We’ve all heard of Maslow’s Hierarchy of Needs but are you familiar withThe Hierarchy of  Investor Needs?  Without trying to come across as being melodramatic, if you truly appreciate what Morgan Housel is saying in the blog below, you cannot help but meet with incredible success as a long term investor. The Hierarchy of Investor Needs By: Morgan Housel One step at a time. One summer in college I…

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The Hierarchy of Investor Needs

04

Nov 2015

The world economy explained with just two cows

“Simplicity is the ultimate sophistication” – Leonardo Da Vinci  When it comes to economics the world can be very complicated. Please see below for a simple yet sophisticated description of a number of the world’s economies.

The world economy explained with just two cows

23

Sep 2015

50 Years of Wisdom

It is difficult to convey in words or diagrams just how incompetent I was when I first stumbled into the financial industry in 1985. In my defense, the company I worked for, McLeod Young Weir’s idea of training was 90 days at head office in which the majority of the time was spent drinking too much at the local bar and listening to a parade…

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50 Years of Wisdom


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