The sunk cost fallacy is a cognitive bias where individuals or organizations justify continuing a project or investment based on the resources they have already sunk into it, rather than the marginal cost/benefit of the next dollar. In other words, it's the tendency to "throw good money after bad" because of the sunk costs that have already been incurred.
Interest Rates markets are changing with the exit of Eurodollars and the entry of SOFR contracts. The Eurodollar futures contract, a mainstay in financial markets for decades, is set to be discontinued. SOFR has taken the place of Eurodollars and this post will describe both financial contracts and how they are used.
Money market funds are a popular investment option for many investors, and they have been around for several decades. In this article, we will explore what money market funds are, how they work, and why they are so popular among investors.
While several carbon credit funds exist in the US, this post will compare three Canadian carbon credit ETFs. We’ll help readers determine whether investing in carbon credits is a good strategy for your portfolio and if so, which ETF is the best.
Online fraud is a growing concern for people of all ages, but it can be especially devastating for wealthy seniors. While online encryption is an important tool in the fight against fraud, much more commonly, fraud is caused by phishing. In this post, we'll discuss ways that seniors can protect themselves from online fraud.
Private foundations play a crucial role in philanthropy by providing resources to support various charitable causes. These organizations are typically established and funded by families or individuals with a strong desire to make a difference in their communities. However, managing a private foundation can be complex and challenging, especially when it comes to governance. In this blog post, we explore...
There are many good reasons to invest in farmland. The global population is growing and becoming wealthier. This in turn leads to more (and improved) food consumption. The supply of farmland is also restricted. “We can print money, but we can’t print dirt”. Farmland investors should also consider the way farmland provides an inflation hedge. Both because the supply of farmland...
Wealthsimple is a financial services company that offers Ethereum staking to their customers. Staking allows customers to earn rewards on their Ethereum holdings by participating in the Ethereum network's validation process. Wealthsimple makes it easy for their customers to stake Ethereum by handling the technical aspects of the process for them. To stake Ethereum with Wealthsimple, customers must...
Ethereum is one of the most popular and widely used blockchain platforms in the world. The platform allows developers to build decentralized applications (dApps) and smart contracts, which are self-executing contracts that can automate various aspects of business and financial transactions. However, as the platform grows in popularity, it also faces various technical challenges, such as scalability and security. To address...
The Succession Law Reform Act (SLRA) is a crucial piece of legislation that governs the distribution of property in Ontario when someone passes away without a valid will. The Act has undergone some recent changes that you should be aware of if you are planning your estate or have been named as an executor. In this post, we will provide...
