Wealthy Barber finished….. now what?
So I’ve just finished (last night) reading the Wealthy Barber by David Chilton. I honestly don’t think that it can be understated how much I think it’s important that EVERY CANADIAN reads this book. I know a lot of people summarize and think “oh.. that’s the guy that wants me to save 10% of my income.. I can’t do that!” .. well, I won’t go into that discussion.. but I can almost guarantee you can… and if you do, wow.. will you ever be rewarded years down the road.
Well, as much as I’d like to help everyone out there achieve their financial dreams.. I’m really not that interested in doing that.. I am looking out for #1 in this regard.. sound selfish? Well, who else is going to look after me and my finances? I can tell you that financial services you pay for are more than likely more interested in you putting your money in their funds or companies in order for themselves to make a living… of course they’re going to do that.. Ok, I’m getting off topic… what I want to write about today is about choosing the right fund to go along with the 10% investment strategy that Chilton speaks of. I believe NOW is the right time to buy some of these things… and I don’t mean all at once either… I will post something on that later on.
So I’m on the hunt for a great fund, with great performance and almost just as important, a great fund manager. This can not be over-stated. As Chilton says in his book.. if you were going to bet on a hockey player (back in the 80’s), would you bet on Wayne Gretzky to score, or Dave Poulin (this is a little dig on my brother by the way).. anyhow.. 99.9% of you would put your money on Wayne Gretzky.. or at least I would hope you would. So why is that different with choosing a fund and a manager? I want the Wayne Gretzky of fund managers out there working for me… not Dave Poulin (ok perhaps he retired and became an unreal fund manager.. but that’s not the point).
So I’ve decided that I have to look up some good funds with good performance.. i’m talking 10% a year +… keeping in mind that last year would have sucked no matter WHAT fund you put your money in.
Any suggestions? I’ll post later on what I’ve researched and found.
