List/Grid Author Archives: Mark

Weekend Reading

Weekend Reading – Exiting the rat race, tax deadline reminders and more

Welcome to your Easter Weekend Reading roundup where I share some of my favourite articles from the week that was.  Over the last month there were almost 70,000 pageviews on this site, a record.  Thanks for making My Own Advisor one of your favourite personal finance and investing destinations! I wish you and your family a very happy and healthy Easter weekend.  Chat again next week. Robb Engen told us not to believe everything you read when it comes to exiting the rat race. BrighterLife had these tax deadline reminders. Not related to personal ...

Financial advice for my younger self

Inspired by a few reader questions a few weeks ago and reflecting upon some older blogposts, I wondered what financial advice would I tell my younger self?  Here are some things that have crossed my mind… Dear Mark, There is no point saving for your financial future if you don’t take care of your health.  Your health will be your most important asset. Investing is for the long-term.  Trading is for the short-term.  You’re going to have minimal success at timing the market so forget trading.  Make sure you buy and hold indexed products ...

2014 Financial Predictions – April Update

Earlier this year, just for kicks, I shared some financial predictions for 2014.  Here’s a recap of what I predicted and what has come true year-to-date: The Dow Jones Industrial Average will finish the year at 16,700. It opened the year around 16,441.  It is now about 16,026. The S&P/TSX Composite will finish the year at 14,200. It opened the year around 13,594.  It is now 14,257. Our Canadian Dollar will finish the year at $0.90 compared to the US Dollar. It opened the year around $0.94.  It is now $0.91. Fortis (FTS) will increase ...
Weekend Reading

Weekend Reading – Saving on K-cups, credit cards 101 and tax tips

Welcome to the latest Weekend Reading roundup where I share some of my favourite articles from the week that was.  I want to thank Rob Carrick for mentioning this article in his Carrick on Money column.  Rob has been great to promote this site over the last couple of years and I sincerely appreciate his support.   Check out these great articles when you have some time…chat again with you next week. Kerry Taylor said you can save 61% by brewing coffee using K-cups this way. Barry Choi told us what we need to know about credit cards.   One ...
Dividend Income

March 2014 Dividend Income Update

Welcome to another dividend income update.  For those of you new to these posts on my site, every month I discuss my approach to investing using dividend paying stocks and how reinvesting the dividends paid from the Canadian companies I own are helping me reach financial freedom.   You can check out my previous dividend income update here. As a long-term investor I don’t get too excited monitoring the portfolio. First of all, it’s not a huge sum of money yet and second, in the short-term, stock prices go up and down.  There is no point ...
Thinking Fast and Slow

My takeaways from Thinking Fast and Slow

“As we navigate our lives, we normally allow ourselves to be guided by impressions and feelings, and the confidence we have in our intuitive beliefs and preferences is usually justified.  But not always.  We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.” -Daniel Kahneman, brilliant author of Thinking Fast and Slow, Nobel Prize winner. Thinking Fast and Slow is an interesting (and technical book) by Nobel Prize winner Daniel Kahneman that collates Kahneman’s current ...

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