Developing good connections with suppliers—sometimes called supplier relationship management—is critical to business success. Businesses are increasingly relying on suppliers to help reduce costs, innovate, improve quality and reduce lead time. Good relationships with suppliers can provide a competitive advantage. In fact, the most successful Canadian entrepreneurs rank relationships with suppliers as their most important business […]
Will I have enough money to retire?
The #1 question people have about their Financial Health: “Do I have enough money to retire?“ There are variations of this question: “Will I have enough money to retire?” or “Can I retire on time?” They all lead to one glaring issue: You’re not confident about your advisors’ process. A Second Opinion Portfolio Review will provide you with a […]
Not all funds are equal
How to increase your rate of return without increasing risk. During a recent Second Opinion portfolio review, I compared a portfolio a couple had with a bank against my recommended portfolio. They immediately made a comment about their MER (management expense ratio or cost to investing) was higher than expected. Another area was the overlap of funds […]
Fees Matter – Are you with the right company?
Why pay more for your investments! While you can’t predict returns, you can control the fees you pay. Ok let’s face it, the 5 year average return for the S&P/TSX (Cdn) Composite Total Return has been unimpressive (Only 4.1 percent before tax.) One way to instantly improve your investment return is to examine which company has […]
5 Ways to save on investment fees
Canadians pay the highest investment fees in the world! The average management expense ratio (MER) in Canada for an equity fund is 2.37%. Translated another way, an investment portfolio of $100,000 would cost you about $2,350 to fees every year on average! MER’s are not the only fee associated with investing although it makes up the majority of your costs. The MER […]
Questions to ask your financial advisor
Use these questions to find the right financial advisor for your needs Finding the right financial advisor to work with has become just as challenging as trying to pick the right investment. Not all financial advisors are created equal so you have to learn to interview them. Here are a few questions to help you determine […]