The Globe and Mail profiles an investor who manages his own money. I find it interesting that this investor worked in the financial services industry and says: “You’re not going to get very much good said by me about the financial services industry.”
It really bothers me that the article quotes him about financial advisers: “Whether I was at a conference or sitting in the sauna, what they would say to me as equals was a lot different from what they’d say to their clients.”
I learnt one neat trick from the article: When selling a US stock in his retirement portfolio, he “washes” the proceeds into a money market fund, which would save commissions on foreign curreny transactions.
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