Kiera and I hang’n out at Point Pelee, the southernmost tip of mainland Canada. (Middle Island is actually the Southernmost point in Canada.)
The point I’m trying to make (yes, there actually is one!) is exactly what I wrote last year, i.e., personal resources (time and money) directed towards experiences as against “stuff” are the keys to both short and long term happiness. This is one of the reasons we feel so good when we are engaged in acts of giving through its many different levels – not just money, but also time, friendship and, most important … love.
NOV 22, 2018
A PORTFOLIO IS NOT A PLAN
BY KEITH THOMSON
“A cynic is a man who knows the price of everything but the value of nothing” —Oscar Wilde
For this month’s “Wealth with Wisdom” I draw once again on the insights of Josh Brown. I must confess that after decades in the financial planning business I feel most of the clients whom I have had the privilege of working with did not fully appreciate…
OCT 31, 2018
THE COST OF LITIGATION… TRY NOT TO TAKE IT PERSONALLY
BY KEITH THOMSON
Did you hear about the Ontario Superior Court case where three siblings spent close to $500,000 in litigation costs over their deceased father’s painting worth $30,000? If not please read on: Estate Trustees and Costs of Litigation: Try not to take it personally? How do you make sure this sorry state of affairs never happens to your family? In a word… communication. I have been…
SEP 25, 2018
THERE’S NO SUCH THING AS MOSQUITO WEEK
BY KEITH THOMSON
“Headlines, in a way, are what mislead you because bad news is a headline, and gradual improvement is not” —Bill Gates
What would you guess if I asked you what is the longest running cable TV event in history? Congratulations if you answered “Shark Week” which first was televised way back in 1988. Not surprisingly many of us are scared of sharks. Even I,…
JUN 27, 2018
EXECUTION IS (ALMOST)
EVERYTHING
BY KEITH THOMSON
“If more information was the answer, we would all be billionaires with perfect abs!” —Derek Sivers
Derek Sivers is one of my favourite sources of wisdom because of his uncanny ability to communicate complex concepts in easy to understand words and numbers. So it is with his explanation that the importance of ideas is valuable only if they are coupled with proper execution….
APR 24, 2018
10 THINGS INVESTORS CAN
EXPECT IN 2018
BY KEITH THOMSON
Admittedly, referencing the title of this post and the date of this missive, perhaps I am writing a bit later in the year then I should. Then again, the title could refer to any year, or any month, when it comes to your portfolio. Hopefully, you will agree when you click through to read Ben Carlson’s excellent article. “Things Investors Can Expect in 2018” My…
MAR 7, 2018
THE WEALTH OF SAPIENS
BY KEITH THOMSON
“The most important money we spend is not the Lambo (the car) money. It’s avoiding-misery money.”
—Daniel P. Egan
What is wealth? For each of us it can mean many different things. I came across this thoughtful blog in which the author suggests that the true definition of wealth is when you have, ” … the option to buy what you truly need”. What is wealth? For…
FEB 13, 2018
THE RETURN OF NORMAL
BY KEITH THOMSON
“In bear markets, stocks return to their rightful owners.” —J.P. Morgan
Welcome to the “new normal” in regard to volatility (to the downside) when it comes to the stock market. Coincidentally, it bears a striking resemblance to the “old normal”. The steady increase in markets around the world, with no significant corrections over the last couple of years, is most definitely not how stock markets…
JAN 25, 2018
WHY 2017 WAS THE BEST YEAR IN HUMAN HISTORY?
BY KEITH THOMSON
“The more perspective you have, the better everything looks. And the less … the worse!” —Nick Murray
It has been my tradition with these monthly missives to begin every year with a brief commentary on how our world is making tremendous progress on just about any metric you care to focus on. Unfortunately, it does seem many of us truly believe the planet is…
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