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For Canadians living abroad, is it worth investing in foreign ETFs? Mar 28th
Ask MoneySense
I’m a Canadian citizen who moved from Europe 2 years ago. I have some savings in EUR and I’m considering investing in VWCE (around 50,000 EUR).
I’m assuming this will complicate my tax returns in Canada. Are the extra complications worth it? What would you recommend in this c.... More »
COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Come Together: Secrets to a Successful Merger Mar 16th
The journey from idea to IPO is a difficult one. In this five-part series, we look at how founders scaled their startups and reached new milestones.
In April 2020, Rob Douglas, the chairman and CEO of security-focused software firm BioConnect, came to a realization. The company had been growing s.... More »
Making sense of the markets this week: September 18 Sep 16th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
We’re all Volker-ians now
Paul Volker is generally credited as the person who “broke the back of inflation” as the Governor o.... More »
Warren Buffett and Charlie Munger on picking winning stocks, businesses and more: Yahoo Finance - Yahoo Finance Apr 30th
Warren Buffett and Charlie Munger on picking winning stocks, businesses and more: Yahoo Finance Yahoo FinanceWarren Buffett slams Wall Street, reveals big investments at Berkshire Hathaway meeting The Globe and MailBerkshire's Charlie Munger calls stock market manipulation 'inc.... More »
3 Types of Cognitive Biases that Can Lead to Huge Investment Mistakes
– investitwisely.com
When it comes to investing, we’re all aware that what we don’t know can hurt us. That’s why we spend time doing research on stocks, ETFs, companies that are poised for strong long-term future growth such as those in the biotech field, green tech, unified communications solutions — and the list goes on.But sometimes, it’s what we think we know — but isn’t actually the case — that can hurt us even more. With this in mind, here are three types of cognitive biases that can, and often do, lead to huge investment mistakes and possibly a lifetime of regret:
Confirmation Bias
Confirmation bias refers to the tendency to filter out information that doesn’t align with a preconceived notion. For investors, this often manifests as overconfidence in their positions despite clear and convincing evidence to the contrary; that is until they invariably must face the harsh reality outside of their heads.
Loss Aversion
Loss aversion refers to the tendency to disproportionately prefer avoiding a loss vs…
Dow drops more than 1,000 points amid surge in COVID-19 cases Global NewsDow Jones falls over 1,000 points amid coronavirus pandemic scare Daily SabahDow plunges more than 800 points as pandemic fears rise Kitco NEWSTurnaround Tuesday? Stocks tend to bounce back quickly from market drops like this one CNBCCoronavirus panic deflates extreme bullishness in the stock market MarketWatchView Full coverage on Google News
