Chess is similar to investing in that it requires a person to make complicated decisions under conditions of uncertainty and time pressure.
Growing up, my Dad taught me how to play chess and I thought it was a lot of fun.
Today, I often find myself thinking like a “chess player” when faced with important life or financial decisions. Chess can be a good analogy for investing, as there are certain tools (i.e. chess pieces or types of investments) that play an important role at different points within a strategy in response to changes to the positions on the chess board. Read More
One of the questions we often hear from investors is – “Are ETF’s liquid enough to buy even if there is no volume trading?”
Despite ETFs raising $100 Billion across Canada and $2 Trillion worldwide, many investors mistake ETF volume for liquidity (liquidity is the ability to get in and out of the shares without having an impact on the price).
In my recently published #1 Bestselling book, “Smart Risk: Invest Like the Wealthy to Achieve a Work-Optional Life,” I highlight the importance of bringing the right perspective to the financial decision-making process.
In fact, Perspective is the fourth P (of 5 P’s) in the Smart Risk Roadmap.
I interviewed several highly successful self-made multi-millionaires to discover the roadmap they used to build up significant net worth in an effort to help everyday people take Positive Action towards achieving financial success on their own terms. Read More
It’s was back to school season for Canadian families in September, and many clients are sending their children to university or college for the first-time. According to Statistics Canada, the average tuition fees are close to $6,000 per year, but additional living expenses easily add up to double or triple that amount.
A new CIBC poll finds out how Canadian parents plan for their children’s education, how well they know the rules and benefits of RESPs, and how they deal with the sticker shock once they find out about the real cost of their children’s education. Read More
TEDx Gastown has just announced their list of speakers, and we are thrilled to share that Maili Wong will be one of them! Taking Smart Risk is an idea worth spreading, and we’re thrilled that TEDx feels the same way. Click here to learn about all of the inspiring women who will be taking the stage on October 29th, 2016 at TEDx Gastown Women.