Indexes are widely discussed in the news and often posted front and center on financial websites. This month we’re digging in and examining what they are and how they relate to your portfolio.
Leaping into a new job or career is exciting but overwhelming – and getting it to work with your financial goals is vital to long-term success. This month we’ll discuss tasks that will aid your financial outlook through a job change.
Life Insurance is an often-overlooked component of a complete financial plan. But without it even the best plan can quickly fall apart at the worst time. Therefore, it’s important we take the time to discuss the basics of life insurance.
Being an executor isn’t an easy job. Firstly, it’s a title only given in the event of a death. The death of someone who trusted you to handle their affairs when they can’t. Second, you must deal with various professionals - funeral directors, lawyers, accountants, banks, insurance companies, wealth advisors, etc.
Children present unique financial planning opportunities. Some strategies are widely known, like RESPs … but others are not. Therefore, let’s look at the options when planning for your little one(s).
You've toiled, prioritized, and saved. Now, you’re counting down the days to retirement and need to start preparing for the change. How do you ensure a smooth transition from getting a paycheque to paying yourself?
It sounds counterintuitive but words rather than numbers are likely to dictate the success of your family’s transfer of wealth. Most people turn to a financial advisor simply for a tax-efficient estate plan to ensure their heirs inherit as much as possible. But what good is that if the next generation are ill-equipped to deal with it, either because the money comes as a surprise or because they’re too entitled to handle such a windfall?
Gordon Gekko hasn’t done the investment industry’s reputation any favours. Michael Douglas’ unscrupulous movie character quickly became shorthand for all that is wrong with Wall Street and financial markets with his infamous ‘greed is good’ speech. But you don’t have to look too far away from the big screen to see real-life examples of people whose actions have perpetuated the link between the wealth industry, untrustworthy characters and get-rich-quick trades.
Managing money in a rising interest-rate environment
March 31, 2022
Canada’s benchmark interest rate hit an all-time high of 16% in 1991 – and here investors are in 2022, freaking out over projections it’ll touch 1% by June. But there’s a reason for the current unease. Despite rate increases being forecast the minute governments and central banks opened the floodgates on trillions of dollars of stimulus, things have now “got real”.
Between the pandemic, inflation, and geopolitical tensions, market uncertainty reigns right now. You might have heard some disturbing words, like shares “plunging”, prices “soaring”, and investment “volatility”. Many people, therefore, are asking themselves: should I take money out of the market and get back in when skies are clearer?
As Canadians locked their doors to avoid the freezing temperatures this winter, many settled back and watched the action unfold in China. But, at times, it was difficult to tell the bigger story. Was it which athletes made the podium, how many times Xi Jinping cozied up to Vladimir Putin, or was it the growing number of reports explaining the slowing Chinese economy?
The hits keep coming! With the recently concluded Federal election essentially changing nothing in Ottawa, there is little doubt that annual spending deficits will probably continue to reach new levels. Along with this renewed deficit spending Canadians can expect to see higher consumer prices as various economic disruptions continue to impact Canada and other nations around the globe.
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