The Power of Compound Interest
“Money makes money. And the money that money makes, makes more money.”1 This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man’s greatest invention and the eighth wonder of the world.2 […]
What’s Your Investing Personality?
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Questions. Questions. Questions.
It is increasingly difficult to ignore some of the trading action in the markets that is causing surprising moves in equity values while the underlying economy continues to struggle (refer to U.S. unemployment data, for example). This type of divergence has occurred in the past and at some point, the values reflected in the stock, […]
Time-Tested Money Management Strategies
As we grow up, what we learn about money from our parents can significantly influence how we earn, save, and grow our wealth. Meaghan, an elementary school teacher, credits her mother for her healthy approach to finances today. “I was lucky to grow up understanding that I could control my financial future if I was […]
Does Buy and Hold Still Work?
As an investment strategy, “Buy and Hold” is just what it sounds like: you buy an investment and hold it for an extended period, riding out market fluctuations and selling when the price reaches your target. The underlying logic of this strategy is that investments tend to gain value over time. That long-term gain, along […]
When Volatility Arrives, Optimism is Key!
The focus here is on you as an investor! What do you bring to the table in terms of investment experience and personal temperament (emotions) that impacts your investment returns and satisfaction while building your nest egg? October is a seasonal time of the year when investment markets often decline as part of a […]
How Now Horatio Alger?
Horatio Alger1 was an American writer of novels about impoverished boys rising from humble backgrounds to middle-class security and comfort through hard work, determination, courage and honesty. His writings were characterized by the “rags-to-riches” narrative, which continues to have a formative effect on many entrepreneurs today. The “rags -to-riches” theme is part of the […]
History is a Good Teacher
Like many young adults, Lindsay took what her parents had to say with a grain of salt when it came to money. A new college graduate with an entry-level job, she was more interested in spending her paycheques than saving them. Saving was for later, she thought. Life was for living. When her father raised […]
What Comes Next?
With Canada and many other countries practicing physical distancing or participating in complete lockdowns because of the COVID-19 virus, thoughts are turning to what the world may look like after the restrictions have been lifted. Many people are expressing a desire for life to return to how it was before the arrival of this […]
Investing Smart During Uncertain Times
Warren Buffett has a classic rule when it comes to market volatility: “Be fearful when others are greedy and greedy when others are fearful”. Investor anxiety normally tends to rise in step with market volatility because most people are concerned about trying to pick the best time to buy or sell. For instance, […]