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Opinion: Another two cents on robo-advisors

In my 31 years working as an advisor, I have witnessed some pretty amazing changes in the investment landscape. But one thing that hasn’t changed is the constant din from investment and media pundits about how every new technological advance is going to be the death of advisors and investing, as we know it. (Not!) Read more…

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Investing: the art of great story telling

Sad to say but most investors probably accept their investment advisors’ advice like good little preschoolers at circle time. They listen and nod wide-eyed to what seems like a logical and methodical approach (and maybe even a bit scientific!) to buying and selling investments. Read more…

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A Christmas Letter

Years ago a client and very good friend sent me a Christmas letter that so moved me that I pinned it up in my office and to this day I read it almost weekly. It's words help to remind me of the things that are important to me and my family. I hope you find similar inspiration in it's words. (Thanks, Dave S. and Merry Christmas) Read more…

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The new robo-advisors: same shizazz, different shirt?

Over the past few months, a number of online companies have sprung up offering investors a new investing option when it comes to their savings. And the media has labeled these so-called new services robo-advisors. Read more…

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I used to love playing soccer and investors used to enjoy investing

About three years ago I stopped playing soccer. I used to drop in once or twice a week to play in an ‘Adult Recreation’ league. The other players were typically in their late thirties, forties and fifties with a few players in their late 60s. (The players in their 60s were amazing and often slowed their play to make the rest of us feel part of the game.) Read more…

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Rising inflation fears: fact check

The dire inflation warnings from our friends in the stock market industry are becoming tiresome. Normally, they like to use an investor’s own innate greed to get them to buy - using lines like "if you’re not in this market, you’re going to miss out big time!" But this time around they’re also playing the "fear" card. Read more…

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Gold: How does a falling price impact you?

When gold prices fall like they have, it doesn’t matter whether you have invested in gold or not. Price changes will have an impact on all of us – on the Canadian economy, our governments, and on us as individuals. How much of an impact will depend on your own personal relationship to gold: Read more…

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Should I be worried about rising taxation?

Not yet, but it is an interesting question as raising income tax rates is now hotly discussed as one method to reduce persistent government deficits and their rising debt burdens. Another reason people worry about rising taxation is because of the negative impact this would have on Canadians, that is, their savings and investments. For the past 40 years, the majority of Canadians have accumulated their savings nest eggs inside tax-deferred savings plans like Registered Retirement Savings Plans (RRSPs). Read more…

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The natural flow of money: don't be fooled

Most things in life have a natural structure, cycle, or flow. Our societal structures, our human likes and dislikes, our fears and desires directly influence many of these natural states. The natural flow of money is no different. Read more…

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This is a credit cycle, not a manufacturing cycle! Part II - Evidence supporting this view.

As we discussed in our previous commentary ("This is a credit cycle, not a manufacturing cycle!"), the 2008 - 2009 financial crisis was the culmination of a decades-long credit expansion. The crisis was not a result of a manufacturing slowdown, it was the result of assets prices declining, where borrowers were no longer able to support the Ponzi borrowing that financed those assets. Read more…

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This is a credit cycle, not a manufacturing cycle!

Most of us are familiar with the economic boom and bust cycles that result from a manufacturing cycle, but not so familiar with the booms and busts from a credit cycle. Read more…

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Is history really the best teacher this time?

Often in our effort to understand unfolding world events, we look to the past for clues of what to expect and how we should react. Such was the case during the recent 2008 - 2009 financial crisis where financial experts also turned to the history books in an effort to understand what was happening and develop an appropriate policy response. Read more…

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