Reader Case: Should I Buy a House as a Passive Investment?
It’s Friday, and you know what that means: Reader Case time! Today’s reader case comes from a familiar place: A Canadian wanting to buy a house because they want to use it as a “passive investment.” Hoo boy. Now I know that it may seem like we have a bit of an anti-housing bias on this site, but we’re not actually anti-housing as much as we are pro-math. We will go where the math takes us, and if it tells us that it’s OK to buy, we will say so. So with that in mind, let’s dive in, shall we? […]
FUD, FOMO and Bitcoin
After last week’s rather amusing debate about crypto-currencies, I thought it’d be interesting to keep the conversation going by examining two rather interesting reactions that came out of that in the comments: FUD and FOMO. What are FUD and FOMO? FUD stands for Fear, Uncertainity, and Doubt. I first heard this term from salespeople in the high tech sector, who used the strategy of spreading rumours about rival companies (“I heard their chips catch fire all the time”) in order to make their companies’ products look better by comparison, but it also applies in the investment world too. Basically, when […]
Let’s Go Exploring! Lagos, Portgual: Are You a Mountain or a Beach Person?
I recently read a University of Virginia study that says introverts prefer mountains while extroverts prefer beaches. This got me thinking. As a kid, talking to a stranger made me break out in hives and going to a party was hell. I was painfully shy. If you’d given me the option of hibernating in the mountains or partying it up on a beach, I’d have gladly picked the former. This changed as I got older. I’m no longer terrified by strangers and parties are actually fun! Coincidentally, I also learned how to scuba dive and I now love beaches as much […]
Why I won’t Touch Cryptocurrencies and Neither Should You
On Friday’s reader case, our intrepid reader Condos&Crypto said that stumbling across our site prevented her from taking the proceeds of her house sale and dumping it all into cryptocurrencies like Bitcoin. In the past, I’ve always recommended against having significant exposure to crypto, but that wasn’t because I had strong feelings one way or another, it was because I didn’t understand cryptocurrencies all that well. So over the past year, I’ve been following the whole cryptocurrency space and learning more about this thing, and what I’ve learned has horrified me to the point that I won’t touch crypto at […]
Reader Case: Condos and Crypto
It’s Friday, and you know what that means: Reader Case Time! Today’s reader writes to us from our old stomping grounds of Toronto, and as with all things Toronto, her questions centre around that all-encompassing topic that every Torontonian is obsessed with: Housing. Also Bitcoin. Anyway, there’s a lot going on here, so let’s jump in! It’s going to be a fun one. Hi Firecracker, I have to say discovering you site was probably the best thing that could have happened to me. It was right along the time I was waiting for my house to be closed and I […]