This and That: Financial Risk, Kevin O’Leary and more…
Bernstein’s lesson from the Financial Crash
In an interview with Money magazine, author William Bernstein explains the key lesson of the financial lesson that can be applied to the asset allocation of folks at or nearing retirement. One could argue that even retirees need a healthy allocation to stocks to survive the ravages of inflation.
Kevin O’Leary: TV Billionaire
Mr. O’Leary may make for great TV but his business and investment records are quite ordinary says this hard-hitting story in the Report On Business Magazine.
Money Advice from the Great One
The Financial Post reported that Wayne Gretzky speaking at an event organized by TD Waterhouse said that he likes to avoid leverage, keep most of his money in a bank account and not risk more than 10% of his wealth on any investment opportunity. It might be good advice for sportsmen who have a general tendency to blow through millions but I’m not sure if the Great One’s financial strategies are applicable to the other 99 percent.
Your Financial Toolkit
The Financial Consumer Agency of Canada has put together learning material to help Canadians get a better handle on their financial lives. The material covers the entire waterfront from budgeting to taxes.
Modest Returns from Stocks and Bonds
This column in The Wall Street Journal says that investors should expect modest returns from bonds and stocks.