Remember: Patience is a virtue Although the best investors understand the importance of patience, it is one of the most difficult skills to learn as an investor and portfolio manager. You’ll often hear the expression “patience pays off”, but what does that actually...
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Time is money
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. - Albert Einstein Even in the early 20th Century, Albert Einstein knew that compound interest had the potential to change lives. It is suggested that...
Looking Back to Move Forward
We are now past the end of the third quarter in what continues to be an eventful year for not only our health, but financial markets and the economy as well. In light of all that investors have been through, we thought it might be worthwhile to briefly summarize where...
Stock Market Movements – A Simple Explanation?
With large single day stock market moves of up to 10% or more earlier this year, some of us may have been asking the question…WHY? It is common for investors to crave simple explanations for stock market movements, perhaps searching for a sense of certainty, in a...
A Thought About Risk
“In an information-intensive, fast-moving world where instant gratification is prized, I would make the case for the rewards of practicing patience” says Tony DeSpirito, Chief Investment Officer for US Equities at BlackRock Inc., one of the world’s largest...
Bear Market Truths
By now we may have experienced an “official” bear market which is defined as a temporary correction in the equity markets of 20% or more. As always, at this point in the market cycle, with fear in the air…there’s lots to debate and little to resolve. There are,...
The Green Rush
Some investors may view others moving towards a new investment idea as a “rush” and a great chance to cash in on a hot new industry. The classic investor emotion of “fear of missing out” has yet again taken control of those looking to invest in the soon-to-be...
“Obvious” Investment Truths (explained)
The more we watch the media the more important it is to remind ourselves of what constitutes proven investment truths. We would like to give credit to an article by Ben Carlson at www.wealthofcommomsense.com for putting together 36 investment truths that serve as a...
Reviewing a portfolio too often isn’t good for you OR your portfolio
I recently read Richard Thaler’s book called “Misbehaving” which reviews the history and studies done within the field of Behaviourial Economics – how human behaviour (regarding financial decisions) affects people and the economy. Richard coined a phrase called...
Letting Go of the Why
Watching the constant flow of positive and negative news unfold over the last 20 years has made a number of things very clear to us. First of all, no one really knows what’s going on in the markets in the short term. I remember listening to a very well-respected...
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Recent Posts
The Millionaire’s Mind(set)
There’s an old book we’ve had in our office for over 20 years titled The Millionaire Next Door, which was published in 1996 by Dr. Tom Stanley and his colleague Bill Danko. Every time we open...
Steps to Lower Your Income Taxes
Over the next few months everyone will be gearing up for income tax season. In the year ahead, set yourself up for a more favourable income tax situation in 2023 & 2024. Consider; Maximizing...