Retail investors such as you and I cannot compete with the big fund managers when it comes to speed or scale. But there are other factors to consider when making money in the financial markets. Here are some things to keep in mind that should give us an advantage over the institutional players. 🙂 Time: Large fund managers… Read More »
Air Jordans sell for record $2.2 million Auction house Sotheby’s just sold a pair of signed sneakers that Michael Jordan wore during the 1998 NBA finals. The record breaking $2.2 million winning bid was actually on the low side of expectations. The pre-sale estimate was a range between $2 and $4 million. “The sale speaks volumes of Michael… Read More »
I’m a fan of stealth wealth, but… There are many benefits to stealth wealth, which is the practice of not showing off how much money you have. Fewer people will ask you for money if they don’t know you have money. 🙂 It’s also easier to determine who your real friends are. You’re also less likely to get… Read More »
Home prices are still high Despite an aggressive monetary tightening policy by the Bank of Canada, home prices remain elevated in many parts of the country. Around the lower mainland for example, prices are still up year over year. There are a few reasons for this stubborn price behaviour. Those higher interest rates have not been felt in… Read More »
Here are 10 lessons from a portfolio manager that averaged 29% annual return from 1977 to 1990 1. Everyone has a unique set of knowledge related to their field of work or interest. Your investor’s edge is not something you get from stock analysts and experts. It’s something you already have. You can outperform the experts if you… Read More »
Volatility in markets continue Not a bad month but because February is kind of short I was not able to make too much. I mostly sell put and call spreads being fairly conservative with my Deltas and $2045 represents about 0.5% of my portfolio size. About half of this month’s profit or $1,046 comes from the… Read More »