Fintelligence

Just finished reading Quit Like a Millionaire by Millennial-Revolution - An excellent book with useful information and practical advice on saving, investing and living a Financially-Independent-Time-Rich life. "If you understand money, life is incredibility easy. If you don't understand money, like the vast majority of people, life is incredibly hard" Go to https://www.millennial-revolution.com/ and check it out!

Millionaire Teacher - I cannot agree with this enough. Stock market games cannot be played over weeks or months or even a few years.

Great advice to young investors from Ray Dalio Dive into the markets, have the sh-- kicked out of you, and learn how to do things differently, https://www.cnbc.com//billionaire-ray-dalio-bought-his-fir

Financially Independent Time Rich - this is what we should be teaching young people. https://www.youtube.com/watch?v=XSHNDyinZSQ

A nice article on the "spectrum of wealth". Which one(s) describe you and which one(s) do you strive for? https://www.collaborativefund.com/b/the-spectrum-of-wealth/

The 2018 SPIVA (S&P Indexes Vs. Active management) report is out. Once again, it shows that "over the past 10 to 15 years, more than 80% of active mutual fund managers across all fund categories under-performed their respective benchmarks." Canadian investors have $1.58 trillion in investment fund assets with over 90% of this ($1.42 trillion) invested in actively managed mutual funds. This is just insane when the case against mutual funds could not be clearer. Here's my new ... five-part series on The Case Against Mutual Funds. I hope it helps you avoid the mutual fund trap. https://www.fintelligence.ca//the-case-against-mutual-fun/

Most people underestimate the ability of time and the power of compound growth to create wealth. Rather, they are fooled into believing that significant skill is required in stock picking and investing to succeed. Others believe the system is rigged and investing outcomes are controlled by wealthy corporations. These beliefs cause us to procrastinate or avoid saving and investing altogether. The truth is that time, and only time, is required to create wealth for those who sp...end less than they make and invest early in their lives. To see why this is true, here's a 3-part series on The Power of Time (and a History of Stocks and the Stock Market). https://www.fintelligence.ca/financial-l/the-power-of-time/

Another bleak report. https://business.financialpost.com//more-than-a-third-of-c Of note, the poll found 38% of gen-Xers (~35-55 year olds) had no retirement saving. 31% of Canadians cannot pay off their credit card. There's got to be a better way. Get #FintelligentNOW

Financial Planner ..... at a Bank. Now that's an #oxymoron https://www.theglobeandmail.com//article-three-hours-spen/

The objective of a resume is to effectively market yourself so you stand out (from other resumes) and score an interview with a potential employer. For this reason, it should not simply be a templated list of job descriptions and generic skills that every other applicant is likely to use. Yet, most resumes I receive follow the same mundane structure (yes, people actually put "punctual" and "email" as skills). Here's the good news. For those who actually put some thought and e...ffort to create an effective self-marketing document, it's not so difficult to stand out from the crowd. Specifically, if you can attract the reader's attention in the first 15-30 seconds by using industry-specific keywords, accomplishments (rather than tasks) in your previous employment while de-cluttering your resume by removing useless information that waste valuable seconds, you'll dramatically increase your chances of getting on the "A" list. Here's a 5-part series on Your Resume. https://www.fintelligence.ca/career-literacy-b/your-resume/ Comment below and let me know what you think! #resumes #jobapplications #employment #Fintelligence

Part of my work involves helping young people with their career objectives. When it comes to resumes, the first thing I tell them is that hiring managers (like me) are lazy. With hundreds of resumes to review, most hiring managers cannot afford to spend of lot of time reading each resume from top to bottom. It just isn't practical to do so. Thus, the first 15-30 seconds of a resume has to scream "KEEP READING BECAUSE I MAY BE THE ONE". Here's Part 1 of a 5-part "Your Resume"... series on Fintelligence. https://www.fintelligence.ca/your-resume-part-1-assume-the/

Fintelligence is now on the cloud. Excited to launch the new https://fintelligence.ca on Amazon Web Services.

Agreed! Before we start assessing whether Financial Literacy education works perhaps we should assess whether we're teaching it effectively. I don't think we can even begin to have that conversation when kids graduate from high school without being introduced to the basics like RRSPs and TFSAs. https://www.theglobeandmail.com//article-we-shouldnt-be-a/

Applaud Mr. Kivenko's efforts. At the end of the day, the best protection is still education. Get Fintelligent! https://www.theglobeandmail.com//article-relentless-figh/

Yet another "pundit" telling us how to time the market. https://business.financialpost.com//david-rosenberg-here-a

Yup! https://www.marketwatch.com//bitcoin-buyers-are-only-fooli

If you’re young, working full time (i.e., getting a regular paycheque), then you should be doing this NOW. Most people do not and pay for it later in life. If you need help or if you want to understand why this is the most effective and surest way to build your wealth, please ask! Happy Canada Day! Make-Save-Live #fintelligentNOW... https://www.theglobeandmail.com//article-you-will-never-m/.

Great message in today's Financial Post. "Be clear about the purpose and time frame of [your] money. For multi-decade goals such as retirement, you shouldn’t care what route your portfolio takes. Securities will find their value, but the path is not determined." https://business.financialpost.com//its-getting-harder-to-

The article states "they found the top 20% of funds beat the bottom 20% by a remarkable 1.27 percentage points a year" - this is not a surprise. The top 20% of a group typically beats the bottom 20% of group in almost everything. The problem is finding the top 20% before it happens. https://www.marketwatch.com//investors-widely-held-beliefs The article goes on to say "In other words, mutual fund managers would do a better job if investors would just leave them alone." - Thi...s is probably true. However, investors don't leave money managers alone. For this reason, managers are constrained by short-term (monthly, quarterly) performance and have little choice but to mirror an index (while charging a much higher fee). So, the article is not wrong, but the findings are somewhat impractical. Finding a good money manager who is not constrained by short term performance targets is very difficult for the average investor. For most of us, it's better to save the 1.5%+ annual fees and stick with low-cost index funds.