Investing Advice & Weather Forecasting

Pick the Best Lounger!

I’m going to tell a story today, no numbers & stuff. Just light reading for a Friday afternoon. TGIF!

I was enjoying a nice lunch on an oceanside patio earlier this week. It was a beautiful sunny day in Nova Scotia. Everyone was basking in a summer heat that was perfectly tempered by the breezes coming across the bay. An Ontario couple at the neighbouring table were asking our server about the harsh winters in Nova Scotia. At the next table, a person in a group of Quebec visitors chimed in that they were interested in hearing about that too. To cut a long story short, the people from Ontario wanted to confirm that winter here was way harsher than winter in their neck of the woods. Our young server, a born & bred Nova Scotian, agreed that winter on the coast was absolutely awful. The Quebec group included a couple that were interested in moving to Nova Scotia, so they were more than a little disappointed to hear this news. They really wanted to move to a place with a milder winter than theirs. Another couple in the Quebec group lived in a apartment building in downtown Montreal. They were connected to the underground city complex there & could work & live a very full life in Montreal without ever having to go outside during the winter months. Though they did head outside to the ski slopes periodically. They didn’t care what Maritime winters were like, they thought Montreal’s winters were great!

What was happening here was quite incredible. Ontarians who had never been to the Maritimes in winter set the stage by claiming winters here were horrendous. Maybe the worst in Canada. Their opinion was confirmed by our server. A local who grew up with Maritime winters. But he had never been to Ontario in winter & couldn’t really make that comparison with any authority. We all have our blind spots, eh! On top of that, the disappointment of the Quebec couple simply reinforced the negative echoes that were bouncing around in this newly formed echo chamber. And the other Quebec couple couldn’t have cared less, they were totally happy with how they enjoyed their winters in Montreal.

What was going on here?

One uninformed opinion was reinforced by another uninformed comparison, & this developing feeling was augmented by an additional negative emotional reaction. While yet another emotional reaction, albeit from a totally different perspective, served to further confirm the groupthink conclusion. That Nova Scotian winters were just awful. Regardless of how true this might (or might not) be, this is how echo chambers work.

Fortunately, for all the people in this story, I was there to save the day. As it happens, I have lived through several winters in all three locations! It’s not often in life that we are presented with opportunities to strut our stuff from a position of 100% conviction. In I waded, pointing out how awesome that coastal winters are & how they compare very favourably to the truly horrible winters in Ontario & Quebec. I might even have gone overboard, just a little, extolling the almost tropical nature of winters in the Maritimes! By the time I was done, they were all moving to Nova Scotia.

Okay, I’m kidding, they were not all doing that. But the couple who wanted to move were a little relieved. And the rest were actually mildly surprised that coastal winters weren’t as bad as they’d imagined. But despite my obviously superior level of knowledge & experience (๐Ÿ˜œ) relating to this specific question, this was still just my opinion on the matter. Yes, it does snow, but it usually melts pretty quickly. And then it’ll probably rain & do some other weird stuff. And we really don’t have that many hurricanes & sou’westers, eh! Or is it nor’easters? I don’t know. But I do prefer the frequent melts we get here, compared to Ontario & Quebec. And that makes east coast winters better … but only in my opinion. Those who prefer to ski in winter, for example, might not agree. In my mind, I might have been right, but my version of right might not suit everyone. So even with my supposedly strong level of knowledge, backed by experience, my right answer will not necessarily be right for everyone. In fact, it might not even be right for me going forward. What if I wanted to start skiing in winter!?! Okay, that’s unlikely, but never say never.
Of course, I was careful to warn my new found friends that past performance is no guarantee that things will be the same in future. Sorry, couldn’t help that one!

So what’s the point of the story? Echo chambers are easily created. And we enjoy spending time in them. That’s not surprising, since we like to hang out with people who share our likes & dislikes. Be it for weather or for investing. But it can be enlightening to pull back & consider alternative perspectives. I think it’s worth trying to keep an open mind. And to spend time trying to find our own blind spots. Sometimes, facts & evidence are elusive. We need to push back against our personal biases to ensure we are seeing things clearly. If only to see if we might enjoy a winter skiing holiday in Quebec. Now to be honest, I might not hit the slopes. But I do need to practice my French lessons. And I really enjoy the food in Quebec. Regardless of the season!

If you’re a regular reader here, watch out for my biases!

PS … I had the fish and chips. Again! LOL

If you want to learn more about saving & investing, please check out Double Double Your Money, available at your local Amazon store.

Important โ€“ this is not investing, tax or legal advice, it is for entertainment & conversation-provoking purposes only. Data may not be accurate. Check the current & historical data carefully at any companyโ€™s or providerโ€™s website, particularly where a specific product, stock or fund is mentioned. Opinions are my own & I regularly get things wrong, so do your own due diligence & seek professional advice before investing your money.

No Tipping Down Under!

Today’s tip … head down under for a holiday!

This is a departure from my usual subject matter, but I’m just back from a fantastic holiday in Brisbane, Australia. It was great because of the people I got to share the adventure with. And because Brisbane is such an amazing place. This city delivered lots of surprises. One such surprise was the most amazing transit system. Those Brisbane City Cats & Kitty Cats that zip up & down the meandering Brisbane River are an unbelievable treat. And you can go anywhere in southeast Queensland for 50 cents! Hey, I’m frugal, what can I say! That 50c fare had me smiling every time I tapped onto a bus, train, or river boat! And, for a change, I was not the designated holiday driver. I got to be a real tourist this trip! LOL

There was one other enjoyable thing that I didn’t even realise had any significance ’til I got back home. This was something simple. A thing that added a little extra joy to every dining experience down under. There is no tipping there!

I grew up in a country that only hinted at the occasional requirement for a small, token tip. And even that would require some very exceptional service. And maybe slight inebriation on the part of the tipper! For me, tipping was not the norm way back then. It was a bit of a culture shock when I first came to Canada. But after decades of living here, I am totally conditioned to providing the obligatory tip. Even when the food or service is pretty awful. In Australia, tipping is not the norm. And I think the Aussies might have it right!

For starters, the minimum wage in Oz is over $24 an hour. Servers get paid a reasonable wage, without having to generate some high-energy Hollywood charm to “earn” a decent tip. The Aussie system might be especially appreciated by servers who provide great service on days when the chef is having an off-day. Their paycheque is not negatively impacted by someone else screwing things up! Whilst there, I spoke with some people who have had experience in the service industry in both Canada & down under. While it’s too small a sample group to be of any value to make generalisations, they were unanimous in their preference for the Australian way of doing things. Especially the higher basic wage.

As a consumer, I learned something new about all this too. I had no idea there was so much subliminal stress involved in eating out in North America! I’m calling it subliminal because, day to day, I didn’t even notice it. Until I was subjected to the tip-free process down under. When it comes to paying the bill, you don’t even need to do any math in Oz. There are no tip calculations to consider!
My first meal out in Australia was a bit of a disaster. Not because of the quality of the meal, that was great. But because I was trying to tip a confused server. The machine didn’t prompt me for a tip & I had no idea how to handle that! ๐Ÿ˜œ
I finally managed to get the tip into the machine, but I never mention tipping again for the rest of my stay.

Not having to tip means no there is no weighing up whether service was good or bad. If it was terrible, sure, you might complain. If it was amazing, you might flag the server’s efforts to the manager. But if it falls into that very broad band of acceptability, you just enjoy the parting exchange with another human being. The slightly horrible process of one human being sitting in judgement of another, while the amount of the tip is considered, is eliminated. And how about those times when the service is good, but the food is terrible? Should we reduce the tip? That’s punishing the server for the quality of the food & that wasn’t their responsibility. No fair, eh? In Australia, all that goes away.

The machines don’t arrive with the suggestion that tipping starts at 15% either! Wasn’t 10% a good tip way back when I first came to Canada? In Oz, they just show the final amount that you see on your bill. And this is for a dining in experience. Not having a tip suggested at a take-away (take-out!) counter was even better! And I never found myself having to supress a surge of anger towards any machine having the audacity to suggest that 20% was just a mediocre starting tip! All in all, finishing up the dining experience & paying for a meal is just a slightly nicer & better experience in Australia, compared to here.

While the consumer (me!) certainly benefits from the Aussie system, it feels like the bigger advantage of their non-tipping culture might be for the service staff. For starters, they are paid a decent wage. Canadian minimum wage levels are lower than the Australian rates. Canada doesn’t have any of the super-low hourly rates that apply to servers in some US states, but wages are still lower here than in Australia. Potentially, at the end of every meal, there are some slightly judgemental things that surround the whole tipping culture in North America. It may be subtle & almost insignificant, but they are there nonetheless. With worse potential for abuse are things like the tip-out practice. This requires servers to share their tips with other members of staff. So the chef that did a lousy job preparing the food still gets a cut of the tip from the server who provided great service. Even when the poor quality of the chef’s work triggered a tip reduction. In some places, I’m told the tip-out is calculated on the amount of the table bill. Even when the server gets no tip! So a server who provides great service, but delivers poorly prepared food might get no tip. And they have to pay a tip-out fee to the chef or other staff members who may have done the lousy job that encouraged the customer not to tip. Is this for real? The server could actually be financially penalised for the poor quality of someone else’s work!?! This feels like a really bad system to me. Dining out is supposed to be a pleasant & relaxing experience. Thinking about all this stuff is anything but! I really don’t know how the average server in Canada feels about all this, but I really enjoyed the Aussie experience as a consumer. And Aussie service staff seem to like it too.

I’m not sure if we can change anything for the better up here, but if there are there any Canadian restaurants that are boosting pay & prohibiting tipping, please let me know where. I’d certainly be willing to pay a little more to dine in that kind of environment. Assuming the chef wasn’t screwing up the food every time! LOL

It’ll be back to boring investing type stuff next time but, despite the horrendously long journey & the awful jet lag, I highly recommend a visit to Brisbane. It is a wonderful city, in an amazing country, with really nice people, & great weather. While I would probably try to avoid the heat of the Queensland summer (๐Ÿฅต), it’s definitely a worthwhile bucket-list destination & experience at other times of the year!

If you want to learn more about saving & investing from the ground up, Iโ€™d like to suggest that you check out Double Double Your Money, available at your local Amazon store.

Important โ€“ this is not investing, tax or legal advice, it is for entertainment & conversation-provoking purposes only. Data may not be accurate. Check the current & historical data carefully at any companyโ€™s or providerโ€™s website, particularly where a specific product, stock or fund is mentioned. Opinions are my own & I regularly get things wrong, so do your own due diligence & seek professional advice before investing your money.

My Heart is in Ireland

Comfort Food from the Past!

My heart may be in Ireland. But I’d rather my arse was too! ๐Ÿ˜œ

Really, I’m way overdue for a trip home. Haven’t seen our families & friends for years now. I’m seeing more planes in the air recently, but no resumption of direct flights to Ireland yet. The cost is triple what it was pre-covid, & the journey is three times longer with layovers. Aaaarrrrrgggghhh!

That said, even if things were back to “normal”, I’d probably wait for my booster shot before travelling again anyway. ๐Ÿ™„

Along with seeing family & friends, the other great thing about Ireland is the food! I’m not kidding, it’s not all about bacon & cabbage, with boiled spuds, you know. Though that is so amazing too. I think Ireland has the best take-out food on the planet!

Yes, I know, I know, I’m biased. And that’s probably not what it’s known for. After all, it’s got all that natural beauty, the people are lovely, & the history is … well … very historical! But the food leaves all that nonsense in the dirt. As the travel restrictions drone ever onward, I find myself looking up the menus of Irish restaurants online now.

The battered smoked cod & chips is the best. A doner kebab, with extra garlic sauce, reminds me of late night trips home from the pub. Buy an extra one for the hangover breakfast next morning! Speaking of breakfast, the full Irish breakfast! Mmmmmm! Another Irish staple, chicken curry & fried rice is not to be found as good anywhere. Not even in China. Scampi & chips, with Dublin Bay prawns. Mutton. Real bacon. Black & white pudding. Drisheens. Coddle. Boxty. Soda bread. Alright, enough, I won’t go on any more.

Okay, one more … I must mention the fresh, real, cream cakes. Did you know that all dairy products in Ireland are healthier? Yes, it’s true. They’re all made from the milk of grass-fed cows. (What do the bloody cows eat everywhere else anyway!?!) If you go, you can ladle on all the butter you’d like. It’s health food in Ireland. ๐Ÿ˜œ

I love the lobster roll in Nova Scotia, the subs, pizza & poutine in Quรฉbec, the salmon in BC. But I think a big part of my heart, & my stomach, will always be in Ireland. ๐Ÿ‡ฎ๐Ÿ‡ช๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡ฎ๐Ÿ‡ช๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡ฎ๐Ÿ‡ช

PS … The pic shows one of my favourite fast meals from way back … fried onion & baked beans, with a spoon of curry powder. Accompanied by leftover protein & some melted cheddar. Typically rushed together when a night at the pub was in the offing. Though it didn’t have the fancy sprig of basil back then!

Okay, I’m homesick now. ๐Ÿ˜ญ

You Think What!?!

Covid Questions?
Are you Seeing Double, Blindsided, or Enlighted by Hindsight?

Are introverts really enjoying lockdown & all this working from home?

Are some people secretly delighted not to have to travel for work?

Should we continue to support local small businesses if they suck?

One year on, knowing what we now know, would putting up with a hard, one month, 100%, total lockdown really have been so bad last year?

Or would enough people still break the rules, that it wouldn’t work anyway?

Ever get the feeling that we missed a really big opportunity to learn how to handle pandemics better?

What if the next one is far more serious? More deadly?

Would we react differently if the death rates were far higher?

Or if a virus targets our children more severely, rather than the sick & elderly?

Or are we collectively that stupid that it wouldn’t matter? Maybe don’t answer that one! LOL

What about a virus that targets liberals or conservatives? ๐Ÿ˜œ

Which country did the best job containing the pandemic?

Which one is doing best deploying vaccines?

Are the rest of us capable of learning anything from them? Maybe we shouldn’t answer that one either! ๐Ÿ™„๐Ÿ˜œ๐Ÿ˜

Have you wondered if you’re one of those people susceptible to believing conspiracy theories?

Why don’t we give the real ingredients to the @#&$heads out there making fake vaccines?

Should we look at improving our country’s healthcare system?

Do we only worry about the less well-off countries after we take care of ourselves first?

What are the chances that we all answered all those questions the same way?

Is there anything we can agree on? ๐Ÿ˜‰๐Ÿ˜

Stay safe out there all. ๐Ÿ™

Results … Month #26

Unbelievable! ๐Ÿ˜œ๐Ÿ˜

I was on vacation last week, local driving only allowed without quarantine, & I really enjoyed myself. That’s fat-person code for “I stuffed my face the whole time”! In my defense we were in Cape Breton & it’s tough not to have seafood. At least twice a day. The seafood wasn’t the issue, of course, but the stuff that accompanied it might have been a problem. Especially the desserts! ๐Ÿ˜œ

If you ever get the chance, when this whole pandemic is behind us, seize any opportunity you can to visit the island wonderland that is Cape Breton.

Nature’s beauty & bounty, with Acadian & Scots Gaelic flavours!

But enough of that, let’s get back to this month’s weigh in. I had no warning that the battery was on the way out. But I’ll admit that I was overjoyed to see, instead of a big number, a big “LO” on the scale this morning. Fortunately, I didn’t have a spare battery available so I’m starting off this month thinking that my weight is low & that I don’t need to worry about it! ๐Ÿ˜‚

Okay, I know I’m being silly. But let me take a little pleasure from it. Just for a bit.

Hope all is well in your little corner of the world & that you’re getting through all the complications & limitations of living with the pandemic. I’ve adjusted to many of the restrictions pretty well, but I’m definitely struggling on the dietary front. Maybe this month I’ll find the key to losing weight, while enduring this new normal.

Have a great September & stay safe out there.