The Trap of Past Performance
Have you ever been tempted to invest in a stock just because of its past performance? It’s a natural instinct, but relying on it can be risky. Markets are cyclical; what soared yesterday might stumble today.
Maximize Your RRSP Return Through Asset Location
Do you know the real rate of return on your investments? Generally, Canadians measure the success of their investments based only on the rate of return. While it provides a good snapshot of whether an investment is doing well or not, it is not the only criterion for a true picture of success. A good […]
RDSP Offers a Bonus
You may have heard of the Registered Disability Savings Plan (RDSP) — one of the best financial tools available for Canadians who qualify for the Disability Tax Credit (DTC). Since its launch in 2008, the RDSP has helped thousands of people with disabilities save and grow their money with significant government support. An RDSP is […]
The Hidden Role of Luck in Building Wealth
When it comes to money and investing, a lot of people fall into the same trap: chasing what’s “hot” right now. If a certain stock, sector, or trend is making headlines, many will jump in—hoping they’ve found a “sure thing.” The funny thing is, that’s the exact opposite of how real planning works. Whether it’s […]
Active vs. Passive Investing: Your Best Bet
The debate between active and passive investing has been going on for decades—and for good reason. Both approaches have their strengths, but choosing the right one can make a big difference in whether you simply meet your goals or exceed them. Why You’re Investing in the First Place Most people invest with two goals in […]
The Magic Ingredient Behind Wealth (It’s Not What You Think)
There’s a story that gets passed around the financial world—about an advisor out in Omaha, Nebraska, not far from Warren Buffett’s hometown turf. Let’s call him Fred Smith. Fred’s built a reputation for helping local farmers understand the real power behind long-term investing. Nothing flashy. No gimmicks. Just simple, solid advice. When you walk into […]
How to Weather Economic Uncertainty
With all the media talk about US / Canada trade tensions these days it’s a good time to discuss some wise strategies for times of economic uncertainty. Whether you’re still saving for retirement or already enjoying it, negative economic news can shake confidence. The good news? A solid plan can help you stay on track. […]
The Retirement Dilemma: Part 1
In the mid – 1960s conventional wisdom (or motherhood) for retirement planning said that you should take all of your investments and put them into government bonds or fixed income type products. The thinking was that you could not afford to take any ‘risk’ in your retirement years. Thus it was believed that guaranteed investing […]
A Conversation About Your Financial Future
Meeting a new financial advisor for the first time can feel a bit daunting. What should you say? How much should you share? And perhaps most importantly, what should you expect from the meeting? There are generally two ways to approach your relationship with a new advisor. Approach One: Hand over all your financial details […]
Bad Excuses for Putting Off Investing
Recent college or university graduates with their first career job have an understandable itch to spend money after years of living on Kraft Dinner. Yet this is the ideal time in life to start developing the correct habits that will lead to a comfortable future lifestyle. But we often hear reasons why now is not […]