Posts by Boomer
Why Is It So Hard To Sell Those Investment Dogs?
An investment dog is an underperforming stock or fund. Typically, investment dogs have dropped in value, sometimes substantially, and then stagnated. Belief in the asset itself, that its value will rebound and the desire to recoup the original investment keeps investors hanging on. Emotional Attachment Making the decision to sell low is quite often painful…
Read MoreInteresting Survey: How Women View Money Matters
A survey I saw recently asked women, age 45 to 64, how they viewed money matters. Here are some of the questions and my comments on the results. What is the most important goal for you in your career now? 16% of responders said they wanted to retire or retire early, but 62% said they…
Read MoreWhat I Learned From Working Retail
The retail industry faces monumental challenges when it comes to getting customers to shop and purchase. With so much competition for your dollar, retailers use means to manipulate the consumer into further purchases with products, pricing and placement. Pricing Sale items: We all love a sale, but it’s been documented that customers will purchase items…
Read MoreIs A Prenup Really Necessary?
Russell Brand stands to make an estimated $20 million from Katy Perry’s fortune because under California law, the community property clause splits money and property acquired during the union 50/50 when there isn’t a prenup. While most of us can only hope to be in that kind of financial situation, a recent survey says that…
Read MoreCouples Money: Savers Vs. Spenders
The conventional wisdom in relationships is that opposites attract. It seems very common for a compulsive spender to hook up with a compulsive saver. Research shows that men are nearly three times more likely to be tightwads than spendthrifts. In my family it’s just the opposite. I’m the saver and my husband is the spender. …
Read MoreDo Stock Market Cycles Influence Your Investing Behaviour?
Just as nature abhors a vacuum, people hate randomness … I call this tendency the predication addiction. Jason Zweig “Your Money and Your Brain” We all know about the economic cycle, the natural fluctuation of the economy going from growth, peak, contraction and trough. It looks like the bell curve you’re familiar with from school.…
Read MoreBuilding Your Retirement Income Plan
You’ve spent decades building up your retirement nest egg, worrying about whether you have enough money and carefully selecting your investments to obtain the best growth. Now you need a plan to fund your lifestyle and help you get the most out of your assets going forward. This is a time when it’s especially important…
Read MoreWhy Declaring Bankruptcy Should Be Your Last Resort
What do you do when you are in a deep financial hole? Thousands of Canadians declare bankruptcy every year because they can’t pay their debts. From 1990 to 2011 consumer bankruptcies increased from 42,782 to 77,993. That’s a whopping increase of 121.5%. Declaring Bankruptcy Past mistakes aren’t easily fixable but there are ways to climb…
Read MoreWhy Do Certain World Events Spark Totally Irrational Behaviour?
I recently read an article about a man who liquidated his entire investment portfolio in 2008, just after Lehman Brothers collapsed. He was convinced this was the end of capitalism and that currency would be worthless. To protect himself he converted everything into gold. While I can understand the fear that drives someone to sell…
Read MoreWhat Are Segregated Funds?
Segregated funds – or seg funds – consist of a pool of investments in securities such as bonds and stocks, similar to mutual funds, but sold by life insurance companies. Segregated funds are owned by the life insurance company – not the investor – and must be kept separate (segregated) from the company’s other assets. Related:…
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