The latest FWB TV investing video is now available by clicking on the linked title here: No one can time the market consistently. It’s also housed, as usual, at Findependence.TV.
The three-and-a-half minute video covers what may be familiar ground to seasoned investors: timing the market and trying to get in or out of stocks in an attempt to avoid the next crash is usually a futile activity.
Even Keynes found it hard to time the market Continue Reading…
By Marie Engen, Boomer & Echo
Special to the Financial Independence Hub
A Fidelity Investments study discovered that setting specific financial goals does help get your fiscal house in order. 56% of those surveyed said their finances had improved, a much better result than most New Year’s resolutions.
Give yourself a financial checkup and see where you can improve your savings and spending habits.
Here’s my first FP blog of 2016: How to find the money to max out your TFSA in January to make the most of your tax-free savings.
As intimated in the Hub’s New Year’s Day post on Friday, it’s about the first major investing action you can take in 2016: topping up your Tax-free Savings Accounts (TFSAs) by an additional $5,500 (down from $10,000 in 2015.)
On a personal note, since we eat our own cooking here at the Hub, I made contributions for myself and my wife on Friday. Depending on how you execute the transfers, this may or may not be an instantaneous process.
Transfers may not be instantaneous
The Greatest Prospector in the World is the title of a new work of “Business Fiction” focusing on the six “secrets” of sales prospecting success. The author is Ken Dunn, CEO and Founder of Las Vegas based Next Century Publishing.
The six secrets are slowly revealed over the course of a charming tale that begins in the year 1910, a story Dunn describes in the book’s subtitle as “A Historically Accurate Parable on Creating Success in Sales, Business, & Life.”
For those who wish to skip on to the six secrets, they are laid out in the short Afterword, in which Dunn acknowledges a literary debt to Jim Stovall’s Ultimate Life Series and Og Mandino’s classic The Greatest Salesman in the World.
Dunn himself is no slouch in the world of sales prospecting: after an early career in police work he started businesses in property management, finance, direct sales and publishing.
You can find more at the book’s web site, www.greatestprospector.com. Also check out Dunn’s recently launched ReadersLegacy.com, which is a kind of Facebook for book lovers. In an interview in his Toronto offices, Dunn described Reader’s Legacy as “Facebook meets Amazon.” The site even features a kind of literary currency called “Lit Coins,” (reminiscent of Bit Coins).
The 6 secrets of Sales Prospecting
I’ll reveal the titles of the secrets but you really need to read the story to get the context. As the cover image shows, it’s all about prospecting for gold nuggets.
Here are the six secrets:
1.) Dress for the Weather
2.) Know what you’re looking for
3.) Use the right tools
4.) Get in the River, Even when you don’t want to
5.) Make it Fun
6.) Work Hard for Six Days, Rest for One
By Jonathan Chevreau
Financial Independence Hub
In this summer’s series on the 7 eternal truths of personal finance, one of the articles was entitled Be an Owner, Not a Loaner, which reflects the usual financial industry advice that stocks are more likely to generate long-term investment returns than cash or bonds.
There is of course a contrary view to this eternal truth and it’s best contained in the new second edition of David Trahair’s book, Enough Bull, originally published early in 2009, right at the bottom of the financial crisis..
Trahair, a chartered accountant and author, could as easily have titled his book Be a Loaner, Not an Owner, because he’s adamant that stocks (i.e. equities), whether individual or pooled through mutual funds or ETFs, are just too risky for the average person.
The book cover includes a small image of a bull (as in a steer), so clearly the title Enough Bull is a double entendre: as in no more bullish prognostications on the stock market, as well as no more bovine excrement, whether dispensed by the animals or financial advisors.
Skeptical about the financial industry and its central belief in stocks Continue Reading…
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