Why Are Canadians So Loyal To Their Bank?

I have been dealing with my bank for decades and most of my financial products are held there. Yes, I know that I could get a higher interest rate on my savings account, or a lower trading fee on my discount brokerage if I switched. I think about it for a minute or...

Sharing My Top Financial Wins

Talking about money can often feel a lot like the movie Fight Club. You know, the first rule of money is: You do not talk about money. The second rule of money is: You do not talk about money. Indeed, money is a taboo topic in many households and cultures. As a...

When Do You Stop Helping Your Adult Children?

Rodney and Carol retired in their early sixties. A few years later their youngest child, Greg, lost his graphic arts job and decided to start a small manufacturing business. To start the company, he got his parents to invest $50,000. They wanted to help their son...

A Big List Of Behavioural Biases

There’s a fascinating link between psychology and money that tries to explain how we think and behave when it comes to saving, spending, and investing. It was Meir Statman’s book, What Investors Really Want, that first opened my eyes to behavioural biases...

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