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Since 1993, Peter Watson's articles have served as a trusted source of insight for Canadians seeking to navigate the continuously evolving landscape of personal finance, offering invaluable recommendations for informed decision-making.
The warmth and generosity that sparks this season can be summed up in the English proverb, “Christmas comes but once a year.” This is a special time of year that is often full of family traditions. Why do we do what we always do at this time of year? Often the answer is because it … A Christmas gift that could last a lifetime
There is trouble brewing on how the investment industry collects mutual fund fees from some individual investors. Approximately $25 billion of mutual funds are owned by do-it-yourself (DIY) investors. These are investors who have decided to forgo professional financial advice and make their own investment decisions. Many do this to avoid paying fees to a … DIY investors charged fees for advice not received
Why do so many people have so much trouble saving? This applies to both high and average earners. The data on how many of us have so little ability to save is alarming. According to a recent survey by GoBankingRates in the United States, people with an income in excess of US $150,000 have trouble … Why is it so difficult for people to save?
The structure of a mutual fund has a number of significant advantages for investors that may not be clearly understood. A common misunderstanding about mutual funds is to classify funds, in general, as either good or bad. This categorization has nothing to do with the fund structure, but what investments the funds hold and what … The advantages of the mutual fund structure
Many people think: ‘If only I was richer, I would be happy.’ Not necessarily. Canadians can be ambitious and chase the almighty dollar. But if you are looking for the magic formula to increase happiness, don’t count on that formula being more money. We have known this for several decades. In 1974, economist Richard Easterlin … Money does not make you happier
Why is much of financial behaviour so ridiculous? Excuse me if this sounds a little insulting but many people realize they have a very poor track record when it comes to managing their finances. As it turns out, the answer to my question is a short one. Because we are human. Many people think we … Human brain not built for smart financial decisions