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 [...]

At Berkshire Hathaway’s 1998 Annual General Meeting (AGM), Charlie Munger stated: The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do. If it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After [...]

Perhaps it is just my DNA but I struggle to sit and read the same book for a few hours. This is why I generally have 4 - 5 books on the go. Currently, I am at various stages of reading the following books: Private Empire: ExxonMobil and American Power by Steve Coll Don't Fall [...]

We often hear and read what is important to achieve investment success. In this post, however, I want to delve into something a bit more unconventional but equally important and that is 5 things investors should ignore. Beating The Market A common fault of many investors is the fixation about consistently generating investment returns that [...]

Retail investors are bombarded with investment advice from today’s media of which most relates to before-tax investment returns. We, however, live in an after-tax world. This is why we need to view tax efficiency and investment decisions together. In this post, I touch upon the importance of allocating investments in the most tax-efficient manner. This [...]

'Stay the course' is a phrase used by navigators to encourage maintaining the current direction or plan, especially when faced with challenges or temptations to change. It is rooted in maritime history where maintaining a set course was crucial for reaching a destination safely and efficiently. The phrase has broader applications in life and in [...]