Sequence of Returns Risk

Coping with the Uncertainty of Investment Returns Imagine that you have been putting away $10,000 at the beginning of each year from 2002 until 2019. For the sake of this example, taxes and commissions are excluded; you have been investing that money into the Canadian stock...

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Why do People Stay Poor?

As I write this in mid-September, there are rumblings in the media that the upcoming throne speech from the Government of Canada will include a significant push toward some version of Universal Basic Income (UBI). Is Canada ready for this?   The “Mincome” Example While Mincome, the “Manitoba...

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Breaking Your Mortgage Contract

Low Interest Rates Make This an Option Worth Considering When my wife and I bought our first house, the interest rate was 7.5%. That sounds awfully high today when you can sometimes see mortgage rates posted for less than 2%. On the other hand, we were...

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Behavioural Finance: Investor Personality

Gender and Investing Writing on gender is almost guaranteed to get the author in hot water. What value is there in discerning differences between men and women? From the point of view of the investment advisor, it seems like another justification for stereotyping the client rather...

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When should I begin taking CPP?

It is the nature of my profession that I read a lot about personal financial matters. One of the most difficult of such matters has to do with retirement. Financial economists will say that retirement planning is difficult because there are so many variables, or...

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