Recent content by williammartin

When was the last time America "finished" any kind of war? Particularly in the Middle East? The idea of an effective US military died last century. The reality IMO is that they insert themselves into some hotspot as a way of scaling up the military industrial complex for the next 5-10 years...

They say there's a Sinatra song for every mood or time in your life. I tend to agree. When things are going great: and when life hits the skids: The albums he made during his seven years at Capitol are just an astonishing body of work. Enjoy! Wills.

I don't agree with this line of reasoning, as it is material who does the borrowing. Only the entity that bears the borrowing cost (aka the carrying cost) of the investment can deduct that expense on their taxes. So if the mutual fund "does the borrowing" , they get the tax deduction, not you...

@fall - appreciate your POV. What's your rationale for not using direct leverage, given the interest on the loan provides a durable source of tax deduction, for high income earners? Is your concern rooted in margin trading / getting margin called? Wills.

My advice begins with a question: what's your current tax bracket? If you're in the top-end, consider that over time, your yearly tax liability will dominate the Expense side of your ledger, particularly given you've already paid your mortgage and your RRSP is maxed out. With the usual tax...

Happy to get this thread rolling. Yes, I use AI tools both at work (Anthropic / Claude) and personally (Google / Gemini). This is dual-wield is intentional: 1. By learning two distinctly different tools, I hopefully avoid the Beta / VHS effect so common with early tech adoption 2. Given...

@angrymime666 - make sure you are reading the Revised Edition of TII - the one that's been updated by Jason Zweig. Amazon link here for reference on which edition I'm referring to. Zweig is the first to admit he revised TII to be less textbook and more suitable for the casual reader. Give the...

@Trevor Wong - appreciate your feedback and your Canadian ETF focus. I suppose it comes down to what information you seem when making investment decisions. If you are more chart-driven, technical investor, making swing, momentum, etc plays and you have no interest in learning about the...

Call my old fashioned but I would not watch videos if you're serious about improving your investment mind and outcomes. Get off the screens and go analog. Start with BOOKS 1. The Intelligent Investor - Ben Graham 2. The Millionaire Next Door - Stanley & Danko 3. Common Stocks, Uncommon...

Appreciate the continued dialogue @angrymime666 and the progressive disclosure of your life goals and why you have, wisely, chosen your present investment approach. As you stated, my advice lands better with the younger cohort, those that have many Accumulation years in front of them. As I'm...

@angrymime666 - I appreciate your honesty and insights into your psychology and fear. You're absolutely right that the markets--and indeed life!--are a tremendous mirror that reflects our boldness or timidity. A few thoughts from someone in his fourth decade of playing with/against/for/despite...

I suffered from this same concern about FFH, way back when I bought my first 100 shares of Prem's Great Canadian Value Conglomerate back in the summer of 2010. But remember the absolute share price isn't a measure of high or low, cheap or expensive. For those measures, one must look at other...

Appreciate the reply @angrymime666 So connecting back to your 100 shares post, do you buy 100 shares of each of the 12 holdings you listed, monthly, or 100 shares monthly of what you consider to be the best stock to beef up at the time? Not looking to pry, just looking to understand your...

@angrymime666 - it sounds like you have some monthly buy scheme / dollar-cost averaging going. Care to share what 100 shares you buy monthly? Or does the ticker change each month? Wills.

Yes, I definitely think the current geopolitical situation is going to spook the markets, especially if Mr Orange continues to throw his toys out of the pram, post-Davos. From the Value Investing side of my training, I always look at the Shiller PE ratio as I form my investing conviction to buy...