6 things that surfing can teach you about investing and personal finance

Today I’ve got a guest post coming at you from Troy over at markethistory.org. Troy runs a small hedge fund that invests in S&P 500 ETF’s. He employs a quantitative strategy that combines fundamentals and technical factors. Feel free to follow him on twitter.

6 things that surfing can teach you about investing and personal finance

Anyone who reads my blog would know that I’m an avid surfer. I usually go 3-4 times a week in the morning, which means that I also get some really good photos at dawn.

Like investing, surfing is a rather lonely and individual activity that yields great rewards for those who know what they’re doing. Here are 6 things that surfing can teach you about investing and finances.  Read more

How am I spending my bonus?

my bonus

How am I spending my bonus?

I’ve been very fortunate in my life financially. After graduating I moved to an area that had a great demand for workers and got a much higher paying job than I would have if I stuck around in my home province. I worked hard and got promoted and was fortunate that during company restructuring I kept my job.

Then oil crashed and I managed to stay employed. Over 40,000 people lost their jobs. I was fortunate enough to just get a wage reduction.

Throughout the restructuring and the recession my coworkers and I were able to keep costs low for the company. Luckily throughout all of this cut back I was able to make up for some of my lost wages. Recently I was given my largest bonus I’ve ever received, so I’m going to splurge a little in celebration!

So what are you buying with your bonus?

Now in the past I’ve put my bonuses along with my tax returns into investments or savings. They usually come within a month of each other so I treat them the same. I don’t rely on these for anything, it’s just padding my retirement fund. This year is going to be a little different. I’m spending my bonus on two main things, splurge items and trips. Read more

Are financial advisors looking out for your best interests?

Financial advisors

Are financial advisors looking out for your best interest? The quick answer is no, but the reasons why are a little more confusing than you’d think.

Back in March you may have seen some front-page news articles stating some TD bank employees admitted to breaking the law to meet sales goals. TD of course denies that these allegations are accurate (as a company probably would until they’ve investigated further). This along with similar accounts has started a federal investigation into the major Canadian banks’ practices.

I think after seeing Wells Fargo opened 2 million fake accounts to meet sales goals last year the TD accusations aren’t a complete surprise. Sure, they’re a friendly Canadian bank and wouldn’t go to such lengths as bank fraud, right? Well let’s hope so! But they’re certainly not without their trickery. All of the major banks have a common deceiving fact about their financial advisors.  Read more

Q1 2017 Update – Starting off slow!

Q1 2017 update

As always with the first quarter of 2017 over I’ll be recapping the last 3 months. This includes how I’m doing on the goals I set for myself and any highlights or interesting things that I may have done over the last 3 months.

Personally, what has happened?

Nothing! At least nothing compared to Q4 of 2016 which was pretty packed full of trips, my sister’s wedding, birthdays, holidays and lots more.  The big events in the last 3 months were much smaller on scale. We went to see Tom Segura, who’s as funny in person as you’d expect from his Netflix specials.  Read more