Too Safe
Financial planners often advise keeping three to six months of salary in a safe, liquid account for emergencies. The article argues that this approach imposes a significant opportunity cost, as the funds could earn substantially higher returns in a diversified ETF portfolio over a working lifetime. Using Canadian median‑income data, the author shows that $19,000 invested in a balanced ETF could grow to nearly $195,000 after 40 years, versus only $31,000 in a money‑market account. Even during market drawdowns, the emergency fund would likely remain sufficient for a job loss.
War Is Hell (MLS Edition)
The United States’ declaration of war on Iran has pushed crude oil to around $74 per barrel as the Strait of Hormuz remains effectively closed, prompting expectations of higher‑for‑longer energy costs. Higher oil prices are feeding inflation, forcing bond investors...