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Website title: Michael James on Money

Publisher:  michael.james.money
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In his book The 5 Types of Wealth, Sahil Bloom makes the case that there is more to life than money, and that it is a mistake to sacrifice too much to get more money.  To most of us, this is so obvious that it’s not worth saying.  But a minority of us need to think about this message.Bloom lists the 5 types of wealth as “time, people, purpose, health,” and mo...


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A recent Morningstar podcast gave me yet another reason to stay away from private equity.  Episode 357 of The Long View is an interview with Leyla Kunimoto who “is the founder and editor of Accredited Investor Insights, a newsletter that helps investors navigate private markets.”  Among other interesting insights, Kunimoto explained how the practical e...


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The 2025 investment return for my overall portfolio measured in Canadian dollars was 13.7%, which is below my 2025 benchmark return of 16.0%.  There are two main reasons for this difference.  The first is that we made a large financial gift, and the timing of our stock sale to raise cash for this gift was unlucky.  The second reason is my decision a few ye...


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Long time reader Garth asked for my opinion on Wade D. Phau’s essay Eight core ideas to guide retirement income planning.  Phau is a smart guy and it’s no surpris...


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Alts are all the rage now, at least among the people trying to sell them.  But every time I look into an alternative investment class and then back away from the details for a 1000-foot view, this is what I see:


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