The Sunk Cost Trap We all try to make rational decisions based on the future value of objects, investments and experiences. But the truth is that our decisions can sometimes be tainted by the emotional investments we have put into them over time. The more we are invested in something, the harder it becomes to abandon it. This is known… Read More »
Comparing Finances Money is like a lot like religion or politics; everyone has a passionate opinion about their own personal finances, but it’s not always easy to talk openly about it without social consequences. For example, the company I work for discourages open discussions about compensation and benefits. This makes sense from a corporate point of view because of… Read More »
Why I Sold 100 shares of Canopy Growth Corp (CGC) About a year ago I wrote about buying 300 shares of Canopy Growth Corp (CGC:TSE). It is a federally regulated cannabis producer. It caught my attention last year when it became the first marijuana grower in North America to graduate from a venture exchange to be listed on a major exchange… Read More »
Asset Allocation Many investors use a common rule of thumb to help with their asset allocation. They simply hold a percentage of stocks equal to 100 minus their age, and put the remaining amount in fixed income assets. So for a typical 30 year old millennial, 70% of his portfolio would be in equities, and the rest (30%)… Read More »
If our employer gives us the option to collect our paychecks one month in advance, but charge a one time fee of 1% then I’m sure a lot of people would like the idea. Maybe we won’t use it, but it’s nice to know we have that option to get paid a month early if we want to! 🙂 This is… Read More »
What Canadians Need to Know About America’s Next President People from all around the world were anxious going into the 2016 U.S. presidential election. Sometimes it felt like the two frontrunners were throwing more shade at each other than discussing real issues that actually matter. Some pundits warned that if Donald Trump becomes the next president, there will be hell toupee. 😄 In the end,… Read More »