New: The types of people who say “RRSPs are a Scam!” michaeljamesonmoney.com/2026…

New: Permanent vs. term life insurance - a perspective from someone who doesn't sell insurance michaeljamesonmoney.com/2026…

Anyone who thinks human capital is bond-like is suffering from hindsight bias.

New: a persistent abuse of statistics to get you to trade michaeljamesonmoney.com/2026…

Chart crime du jour. There are only 4 distinct points. The decades overlap in 119 of 120 months. Then they look up equal-weighted P/E on a chart of regular cap-weighted data. Nonsense. Expected future returns are down, but only slightly. The statistical evidence is weak.

In the first half of your life, you own your possessions. In the second half of your life, your possessions own you. I'm watching my neighbour make the transition.

Interesting article by @preetbanerjee. I think CPP is similar. Taking CPP early gets a shrunken version of CPP, but people think of it as "getting their CPP" whatever age they start. I tell them they can't get it at 60 -- they have to throw away more than half its cash flow.

I think I'll watch TV: 1. Guess which computing device is preventing the system from working. 2. Reboot the wrong device. Wait. 3. Worry that the startup looks different. 4. Crap. Reboot another device. Wait. 5. Reboot something else. 6. Find book to read.

New: How will you get elder care when you need it? Another fuller answer to @wealthy_barber's podcast question. michaeljamesonmoney.com/2026…

New: Common financial mistakes A fuller answer to one of @wealthy_barber's podcast questions michaeljamesonmoney.com/2026…

New: Should you get a reverse mortgage? A fuller answer to @wealthy_barber's podcast question. michaeljamesonmoney.com/2026…

New: Should people invest in real estate? A fuller answer to @wealthy_barber's podcast question. michaeljamesonmoney.com/2026…

When someone asks why something is the way it is, and I suspect they just want to complain, I'll say "I know the answer if your really want to hear it." They almost always pause and then go on complaining.