Looking Beyond Investments

When it comes to personal finance, it seems the majority of individuals focus on investments and how they can build their net worth. Many individuals I speak to generally want to get advice on what stocks to buy or what’s the best allocation of investments that should be made. It’s all good and dandy that…

Christmas Budgeting

Santa flew into town today. The children waved and cheered. It’s that time again where we all start thinking about holiday parties and gift giving. The winter holidays should be about fun and happiness rather than thinking about the dreaded things like our finances. That’s why it’s important to start planning your holiday budget early and not…

Stop-Loss Orders Don’t Stop Losses

I always find it amusing when individuals tell me about stocks they buy and then tell me they put a stop-loss order on their stocks so that they don’t lose too much money. Shouldn’t individuals be thinking positive about their investments rather than worrying about how much money they might lose? With the recent drops in…

Digging A Deeper Hole

No doubt most of us struggle to come up with enough cash to buy our RRSPs.  Most Canadians have a huge amount of RRSP contribution room built up from previous years.  The fact is with rising costs, there is little money left over that ordinary Canadians can use to contribute towards retirement planning.  Cars, smartphones,…

Time’s Running Out!

It’s that time of the year again!  The RRSP contribution deadline is coming up next week.  March 3rd is the absolute last day that money can be added to your account to count towards your 2013 tax return.  Unfortunately for the majority of Canadians, contributing to an RRSP account is completely an afterthought after mortgage…

Copycat

I write a lot about diversification and long term commitment.  I like to model my own personal portfolio against the best investors in the world.  No I’m talking about Wall Street or Bay Street bankers.  Nor do I find celebrities like Donald Trump and Mark Cuban as my mentors in investing.  Those individuals are flashy,…