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How Much Do I Need To Retire?
Read more: How Much Do I Need To Retire?It’s one of the most vexing finance questions there is. While it seems like a straightforward one, it’s really a question that only invites further questions. Not about the money, but about the person or persons who are retiring. There will never be a one-size-fits-all pot of money. Primarily because of how many different variables come into play. What do you want to spend? Will your spending change? What your returns will be? What is the sequence of those returns and how volatile will your portfolio be? The first two questions are the most controllable. Everyone will have fixed costs…
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What Do You Want To Happen?
Read more: What Do You Want To Happen?The Christmas and New Year period can be chaos. More people out on the roads, airports are packed, stores are crowded, supermarkets are like zoos. Navigating it all can be tiresome and frustrating. At a more micro level, the chaos might be a better chaos that involves spending more time with friends and family. You often hear people say this time of the year is a good time for reflection and to focus on what’s important. They’re not talking about the spending, or the gifts, or the food, but the people. If people are truly the most important thing at…
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Lessons From Transitory Inflation
Read more: Lessons From Transitory InflationToward the end of October, Australia’s bond market received a surprise. For most of the first half of the year the Reserve Bank of Australia had been buying up 3 year dated bonds in an attempt to suppress yields and keep them around the 0.1% level. If bond prices are bid up, the yields fall and vice versa. This had been successful until June, when the RBA suddenly started pulling back from the market and the 3-year yields, which play a role in fixed mortgage rates, moved sharply from the 0.1% to 0.4%. Yields again trended downward until September when…
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Take This Job & …
Read more: Take This Job & …Hamilton, Ontario. It’s August 2021 and Canadian Prime Minister Justin Trudeau rolls into town for an election campaign speciality. Standing with a young couple near an under-construction house to announce a new policy aimed to help young people get into the market. Suddenly, a loud voice from the crowd cuts through the façade of the campaign speech. “You had six years to do something. You’ve done nothing,” a young man shouts. “These houses are worth $1.5 million. Are you going to help us pay $1.5 million? Are you, buddy?” The man is quickly cornered by Trudeau’s supporters and persuaded to…
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Dopamine Nation
Read more: Dopamine NationAddictions can be the bane of our modern existence. Getting hooked on something can be quite easy and not readily acknowledged. The range of addictions can stretch from the extreme such as narcotics, to the very simple such as checking the news on a phone. They can be a mild irritant, an imagined way to temporarily blow off steam, or a life altering and ongoing disaster many struggle to escape from. What plays a role in forming addictions? Dopamine. Psychiatrist and Stanford University professor Anna Lembke explores the role dopamine plays in our lives in her new book, Dopamine Nation: Finding…
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