DumbWealth

Month: December 2019

  • Potential Risks of Canadian High Interest Savings ETFs: PSA & CSAV

    The Canadian high interest saving ETFs PSA and CSAV are proving very popular. But are there serious risks investors are not considering?

  • Stocks Don’t Always Rise Over the Long Term

    Ask any investment professional about the risk of investing in stocks and they’ll likely say that given enough time stocks always rise. Well, the Japanese stock market proves that stocks can indeed decline for decades. As you can see in the chart below, between 1989 and 2009 (20 years for those who can’t do the […]

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    Tales of the Working Poor

    Perhaps you make $75k. Or perhaps you and your spouse make a combined $100k+. It sounds like a lot when you say it out loud. It’s probably more than you ever imagined you’d be making when you were a kid. So why are you always broke? You are not alone. Especially if you live near […]

  • Is it Worth Sending Your Child to Private School?

    Is it worth sending your child to private school? The average cost of private school tuition across the United States is $9,638 for elementary school and $14,522 for high school. (Source: Private School Review) Assuming your kid goes to private school from age 4 (junior kindergarten) to age 17 (the end of high school) and […]

  • Growing Up Gen X

    Featured Image: Oscar the Grouch (arguably the Gen X mascot) with Caroll Spinney, who played him until 2015. Spinney died on December 8th, 2019. This article is dedicated to him. If you were to believe mainstream media, the only two generations to ever exist are Baby Boomers and the children of Baby Boomers (Millennials). The […]

  • Police Officer: How to Protect Your Wealth from Thieves

    This comes straight from the writing of a police officer on Reddit, who was answering the following question on how to protect your wealth from thieves: “Former burglars of reddit, where is one place people should never hide valuables?” Here is his answer: Hiding your valuables is fine, but ideally you don’t want to get […]

  • Time to Stop Loving That “Hot” Portfolio Manager

    …and by “hot” I’m not referring to looks. Rather, I’m referring to a portfolio manager who is having a hot streak of outperformance. The fact is, manager outperformance is not persistent and it is not a predictor of future outperformance. Indeed, most portfolio managers see their hot streak come to an abrupt end within a […]

  • Investing Fees Will Leave You Broke During Retirement

    If you’ve been paying attention you probably know that investment fees will reduce the value of your retirement portfolio over time. For example, Questrade argues that by switching to a lower cost investing platform you could retire 30% richer. All this is true. Essentially, whatever you pay in fees is foregone wealth. I.e. if your […]