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Three Investing Enemies

“The investor’s chief problem – and even his worst enemy – is likely to be himself.” -Benjamin Graham, Value Investor, Mentor to Warren Buffett Contrary to what many institutions might have you believe, investing in sub-par performing investment products is not an investor’s chief problem to overcome.  Sure, investment returns matter over time but they don’t matter nearly as much as bad behaviour.  An impatient investor can destroy an investment portfolio.  It is my experience that successful investing is not about getting ...

The Best of My Own Advisor – 2012

Happy New Year everyone! With some close friends, my wife and I rang-in the New Year at our place.  It was a great night to celebrate the year that was with them and to toast our respective year ahead.  We’re looking forward to seeing what 2013 has in store for us.  I hope whatever you did for your New Year’s celebration was enjoyable… Looking back at 2012, My Own Advisor was rather busy posting an average of 10 blogposts per month.  For today’s post, we’re going to review some of my favourite posts from last year, articles that ...

An Example of Righting a Wrong: Kia Canada

Dare I say it, but sometimes major corporations actually do the right thing.  Mistakes happen and pardons are in order. About this time last year, my wife and I decided to purchase a 2012 Kia Soul.  Our purchase was prompted from having two aging cars, hers nearing 10 years old and mine going on 12 years old, both costing us some money every few months when major repairs were discovered and needed.  We needed at least one reliable vehicle.  After taking a few months to research our new car purchase, we settled on the Kia Soul – which had ...

Are you living your financial values?

Last year, I wrote about my financial rules of thumb – a moderate list of financial principles we try and live by.  Upon reflecting on this older post recently, I wondered if we are actually living these financial values.   In some cases, there are clear indications we do what we say.  In other instances, we’re a bit weak.  A year later, it is interesting to read what I said we would do and what we actually do today…. Continually reduce our mortgage debt by using prepayment privileges every month. We’re working on this one ...

A story about hiring a professional (and getting amateur results)

  Every once in a while, along comes a home improvement project you need help with.  I suppose that’s what professionals are for. For example, last spring, we needed a new roof installed on our home.  During my lifetime, I’ve seen a few roofs installed but I’ve never actually installed one myself.  For a big, important project like that, my wife and I felt we needed to hire some of the best professionals in the business to protect our investment, our home.  After a great deal of research, we settled on a company and didn’t look back.  ...

Be thankful Canada, austerity doesn’t live here

  Image on this site courtesy of The Daily Star, Lebanon. Be thankful Canada, austerity doesn’t live here. We’ve all heard about the debt crisis in Greece.   Throughout 2010 and 2011, mass demonstrations occurred to protest proposed measures.  Things turned violent in October 2011 when the Greek Parliament finally, but barely passed austerity measures to keep bailout Euros flowing in the aftermath of the Great Recession.  Now, early in 2012, the crisis has returned as leaders of France and Germany told Greece to move forward with promised ...

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