“The pain of discipline is far less than the pain of regret.” -Sarah Bombell “If you want something different You Gotta do something different.” – Nathaniel Williams We love to read and share – here’s some notable things from the last week covering life, investing and financial planning. Perspective Your Choices to Make […]
There are some really good reasons to choose an investment. When we hear things like, “it’s low cost, liquid, diversified, fits with my risk profile and is complementary to my other portfolio holdings”, we shout bravo! Unfortunately we hear lots of other reasons that aren’t so good – here’s a selection: “The people involved in it are […]
Over the weekend I was pleased to see an article on Emergency Funds by Rob Carrick from the Globe and Mail – see his article here. We have been talking a lot about Emergency Funds recently and specifically how to better convince people of their importance. In our experience, not a lot of families or […]
Canadians exhibit far too much home bias with their investments – while some home bias is normal and maybe useful if it helps reduce psychological barriers to investing at all, it can be particularly dangerous in Canada not only because of economic and stock market industry concentration but also the high proportion of total market capitalization […]
Good financial planning is about exercising control over income, expenses and investments over time to achieve what you desire in life. Exercising control over those three areas pays off when you focus your efforts pulling levers that have an impact. While people seem to understand what the levers are that both matter and are […]
We and many others spend a lot of time and effort trying to educate people about the importance of keeping costs low as part of a sensible long term investment strategy. The evidence of the importance of costs is so overwhelming that you really have to take your hat off to the marketing departments and sales […]
“When you rely on incentives, you undermine virtues. Then when you discover that you actually need people who want to do the right thing, those people don’t exist because you’ve crushed anyone’s desire to do the right thing with all these incentives.” – Barry Schwartz, psychology professor and author “If I, taking care of everyone’s […]
Welcome to the Chalten Investment Review. It somehow feels easier for us to describe what this letter is not rather than what it is. It is not ever going to be a scoreboard or place to brag; nor will it ever be an apology or place for excuses. No “I told you so” and no […]
We believe in an evidence-based, disciplined approach to investing. Once an investment plan is established and courses of action predetermined, market volatility like that which we’ve been experiencing lately won’t phase you at all. Right? Wrong. Having a plan in place doesn’t mean you feel any differently during market swings, but it just might stop you […]
No matter how you feel about investing – whether you think it’s fun, a chore or you are totally indifferent – you can’t neglect it. It’s important for the financial well being of your family, to fund your children’s education, and of course to secure your future and restful retirement! Getting the “Where”, “What”, “How” […]