Moving the needle forward on becoming financially independent doesn’t mean doing all of these tips, although why not try adopting 1 or 2 each month. From the best ways to budget to how to boost your earning potential like a pro, these tips of financial wisdom are sure to get you headed in the right […]
What to do with your investments during a Market Correction
With the effects of the Coronavirus being felt worldwide and the unfolding drama of a US election this year, expect more volatile markets Key Points: There have been 26 market corrections (not including Thursday ) since World War II with an average decline of 13.7%. Recoveries have taken four months on average. The most recent […]
Why Teachers Should Avoid RRSPs
Situations when contributing to an RRSP isn’t worth it Your Ontario Teachers’ pension benefit is linked to your RRSP contribution room. The greater the value of your pension benefit, the less room you will have available to contribute to an RRSP. Every member of a registered pension plan receives an annual pension adjustment (PA). Your […]
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 […]