I now pay considerably more attention to the tax implications of my investment decisions. Gone are the days where I looked forward to receiving dividend income. Our circumstances may differ, and therefore, my decision to significantly reduce dividend income may not align with your objectives. Furthermore, the tax treatments of different forms of investment income [...]
In my recent Tips To Achieve Investment Success post, I touch upon why it is important to think like an owner when investing. Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner. - Warren Buffett Many shareholders totally miss the [...]
As a follow up to my Investing Should be Like Watching Paint Dry post, this post provides tips to achieve investment success. Success, however, can be as much about what to do as it is what not to do because our emotions lead us to make decisions that are not always rational. The following are [...]
I firmly believe investing should be like watching paint dry. Investing before the advent of the internet was cumbersome. In the 1960s and early 1970s, I remember my parents receiving share certificates which they would deposit in a safety deposit box at the bank. In late 2020, one of my tasks as their Executor was [...]
The impact of brain health on our finances is a follow up to my February 5 Setting Financial Goals: Your Path To Financial Freedom post in which I use the analogy of physical exercise challenges when it comes to setting objectives and goals. Shortly after composing that post I stumbled upon a presentation entitled [...]
Setting financial goals is a critical first step on your path to financial freedom. The subject of objectives/goals was last covered in a couple of 2017 posts that are accessible here and here. Some people have the misconception that objectives and goals are the same. Let's dispel this misconception right now. What Is A Goal? [...]
These 10 investment misconceptions impact our ability to make rational investment decisions. Predict Share Price Behavior Making investment decisions based on share price behavior is a fool's game. Before retirement, I would walk through the concourse that ran beneath my office tower and that of adjoining office towers. More often than not, groups of people [...]
In several recent posts accessible through the Archives section of this site, I present my thoughts on what it takes to be a successful investor. In this post, I share that investment success requires the right temperament. Psychological Resilience and Emotional Stability At its core, being a business owner (investor) is a test of temperament. [...]
During the last several years of my career, my round-trip work/home train commute was ~2 hours. At 5 days/week, that would have been 10 hours/week where I could have read material to improve my knowledge. In hindsight, I did not use my time wisely. On my morning commute, I would be sound asleep within minutes [...]
Most people never set a goal and aimlessly go through life never achieving anything meaningful. Such are the people who ask 'Why?' when they hear of people of go to extremes to achieve what most people would never even remotely contemplate; this is pertinent to the financial aspects of life. In my recent The Illusion [...]