This blog in 2009
December 30, 2008
I am writing this blog because I wish to stimulate conversation and learn from others. My goal is that through this conversation I will become a better investor and help others become better investors.
While this blog will be primarily about investments and investing, I will also post on administering wills and estates and on politics. I’ll write about planning and administering estates because I have some experience as an executor. I’ll write about politics because the ubiquity of governments has caused them to affect most everything in our lives.
1) Investing and the economy: Managing investments effectively impacts so much in life (retirement, children’s education, independence, bequests). I have managed my own portfolio for about eight years, have had joint responsibility for a second portfolio and act in an informal advisory capacity for a third portfolio. I’m not an investment advisor, but have long taken a keen interest. Through conversations in this blog, I hope we all become better investors (even if you’re Prem Watsa or Warren Buffet you can improve), become financially independent sooner, retire earlier and leave more money to our beneficiaries.
2) Administering estates: Administering an estate is a tough and sometimes thankless job. There are the legal and administrative pieces, which are important, but there are also the wishes of the deceased and personalities and emotions of the beneficiaries which must be respected and managed. I’m going to use my experience as a co-executor for two estates to write about some the challenges and pitfalls and, hopefully, offer some suggestions on how it can “be done right”.
3) Politics: Whether we like it or not, decisions made by our political leadership can have significant influence on our own personal decision making. Government policy will affect investment decisions and will affect how estates are structured. For this reason, I will use this blog to write about politics in Canada, the US (because it directly affects Canadians) and in British Columbia (because I live in BC).
I plan to post regularly and up to three times weekly. I hope you enjoy it, I hope you contribute to it and I hope you get some benefit from it.