Sell in May and go away. It’s typical for stock markets to fall in May and that’s exactly what happened this year in Canada. Since stocks make up a quarter of my net worth, a 2% decline to the TSX Composite translates into thousands of dollars of paper loss for my investment portfolio. If this was a normal month my… Read More »
Fast food and other low wage earners are often under-appreciated and misunderstood. But they are an important part of the economy. Not only do they make breakfast and coffee for other people in the workforce, they can also inspire us to work hard and be successful. 🙂 There are different types of success. Making $100,000 a year as… Read More »
Economics is the only profession where you can gain great eminence without ever being right. Remember earlier this year when just about everyone anticipated higher interest rates, but then the Bank of Canada slashed rates instead? If mainstream economic predictions were right interest rates would be a lot higher by now, our wages would have grown to keep… Read More »
Many people are unaware that they are victims of the Dunning-Kruger effect, which is a cognitive bias wherein unskilled individuals suffer from illusory superiority, mistakenly assessing their ability to be much higher than is accurate. Conversely, highly skilled individuals tend to underestimate their relative competence, falsely assuming that tasks which are easy for them are also easy for… Read More »
Those who invest in cocoa should put their money behind bars. Chocolate bars that is! 😀 Earlier this week in part 1 of my investing in chocolate series I wrote about the insatiable global appetite for chocolate and how to make money from that. 🙂 Today I’ll go into details about how I plan to do it. Last week I… Read More »
Life is like a box of chocolates – full of nuts! 😛 They’re also similar in that we never know what we’re going to get. Life gave me a tax refund this year so I decided to put the money to good use and invest it in chocolate. I believe the cocoa industry will continue to grow and… Read More »