“The investor’s chief problem, and even his worst enemy, is likely to be himself.” – Benjamin Graham, 1949, The Intelligent Investor
We either make ourselves miserable, or we make ourselves happy. The amount of work is the same. -Carlos Castaneda
“Dogs have owners, cats have staff. Are you a dog or a cat?” – Unknown
We love to read and share – here’s some notable things from the last week covering life, investing, planning and financial literacy for kids plus a look at what we were up to this time last year.
Let the facts speak for themselves – 2 Studies That Show Indexing’s Virtue
When it comes to investing, the science is compelling but the beliefs that influence behaviour are powerful – Why Do Many Reasonable People Doubt The Science of Investing?
“We knew we were wrong, but tried to convince ourselves that we were right.” – The Timeless Nature of the Herd Mentality
‘Investors are a little bit like people who take a job, have a bad day at work and decide to quit’ – How to gird yourself for the next stock market correction
Just like Dr Oz, financial pundits exist because the truth is boring – Charlatans exist because people crave certainty
The evidence is compelling – slow and steady wins the race – Slow and steady wins the race
We tend to think in the short term, but it hampers our ability to invest intelligently – How Poor Decision-Making Affects Your Returns
I wish every investor would read this series of blogs from Larry Swedroe. They are compelling – Does Lipper’s Best Overall Fund Company Beat a Passive Strategy?
Yet to be convinced of the case for using index funds? Read this – The Case for Index – Fund Investing
“Admit what you can’t know..you’ll be a much better investor when you recognize your limitations” – QUIT TRYING TO GET IT RIGHT
LET ME TELL YOU A SECRET – the winners always get to tell their story – don’t play the losers game – LET ME TELL YOU A SECRET
“The investor’s chief problem, and even his worst enemy, is likely to be himself.” – Benjamin Graham, 1949, The Intelligent Investor – The Misbehavior of Investors
The Blunt Bean Counter gives a thorough assessmenet of TFSAs from a behavioural perspective – TFSAs – Ease of Access, Discipline and Retirement
How seniors can put a higher contribution limit for tax-free savings accounts to work – Retirees can save money by trimming RRIFs and RRSPs, adding to TFSAs
Financial literacy for kids
Teacher your kids the value of money – Should An Allowance Be Tied To Chores?
This time last year