investing – WILFRED BAIN

12th Oct 202126th Oct 2021

DESPISE THE FREE LUNCH – KNOWING WHEN SOMETHING IS TOO GOOD TO BE TRUE

This law, among other things, discourages persons from carelessly accepting unrealistic promises or things of value at seemingly no cost. While the offer/gift may be appealing in the moment, the recipient will likely pay in the future. Also, it is important to recognize that the free lunch can present itself in many different ways. While this is a financial literacy post, it doubles as a post about life as well in discussing the true cost of the free lunch.

24th Aug 202126th Aug 2021

FINANCIAL LITERACY AND THE TRUE COST OF CHEAP – ‘LO BARATO SALE CARO’

...the bigger lesson is one of ‘Lo barato sale caro’ - A Spanish phrase which means things that come too cheaply or easily will eventually become expensive. A corresponding phrase in English would be ‘if something is too good to be true, it probably is.’...

7th Jun 202111th Jun 2021

FINANCIAL LITERACY AND REAL LIFE – HOW BUYING PEANUTS TAUGHT ME ABOUT INFLATION

We hear a lot of about inflation and how it gradually lowers the purchasing power of our present-day dollars. There was an occurrence a few weeks ago that illustrated this principle to me quite clearly.

19th Oct 202021st Oct 2020

FINANCIAL LITERACY AND POP CULTURE: WHAT JAY-Z IS TEACHING US ABOUT INVESTING

It has been well documented that Jay-Z is hip hop’s first billionaire. Understanding how he made it to this point provides a great education about investing and financial literacy.

8th Oct 202010th Oct 2020

FINANCIAL LITERACY AND POP CULTURE: THE LESSON TO INVESTORS FROM “THE WOLF OF WALL STREET”

For me, the real lesson came several scenes later in a ‘blink and you miss it’ line from Belfort as the narrator. While receiving a gift from Belfort, Teresa, Belfort’s first wife, questions him about the legitimacy of penny stocks and the ethical nature of how they promote and sell them.....