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Life Insurance

Why mortgage insurance doesn’t work for everyone

You just bought your house – congratulations!  You can’t wait to move in and make your house a home. With all the excitement that comes with a new house, I’m afraid there’s a downside:  how on earth are you going to pay for this thing? If you’ve felt that sickening feeling like I have (and still do), I’m sure we’re not alone.  Although we have our health today it might not always be this way… What happens if you suddenly pass away and you still have a large mortgage?  What will happen to the home you worked so hard to make?  ...
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 ...

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 ...

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