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Dumb ass

My Dumbass Financial Moves

I spend a lot of time on My Own Advisor sharing what’s working in my financial plan and how incremental money management changes are moving me forward towards my goals each month. Making my savings automatic, investing in the market, holding stocks that have paid dividends for generations and killing off mortgage debt are key elements of my financial plan.  On the other hand, I’ve made some mistakes over the years that I wish to avoid repeating.  Thinking about my mistakes reminds me of this quote: Insanity: doing the same thing over and over ...

Why I couldn’t care less about futures

I’m focused on the future, just not futures.  These things are not for me and I’ll tell you why.  First, let’s start with a definition courtesy of Investopedia: A futures contract is a type of derivative instrument; whereby two parties agree to transact.  This contract obligates the buyer to purchase an asset (or the seller to sell an asset), at a predetermined future date and price.   Futures markets are characterized by the ability to use very high leverage relative to stock markets. Futures can be played a few ways but I’ll highlight ...

How I Became a DIY Investor

Thanks to Mr. CBB’s email question recently today’s post will retrace my investing journey, how I became a do-it-yourself (DIY) investor.  The purpose of today’s post is to shed some light on my investment journey to date and build upon this article for future blogposts including how I’m managing my retirement portfolio today. In the beginning… I became interested in personal finance, probably in my early 20s.  Reading The Wealthy Barber cover to cover a few times over was definitely the trigger for me.  Dave Chilton’s tale was ...
Portfolio

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 ...

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