Investor Emotions & Media Influence
Posted on:During a recent client call, the topics discussed included how the media influence people's investment behaviors. This client woke up one day with an 'epiphany' thinking that a market correction was just around the corner. They did admit after a discussion that they had been reading something to that effect in the newspapers during the weekend. It was pointed out that the media has been calling…
Read MoreIs Credit Balance Insurance a Rip-off?
Posted on:Graham, like millions of other Canadians, has and uses credit cards. He often carries a balance from month to month and is concerned about making the monthly payments if he becomes disabled or gets seriously ill. Graham doesn't want to stick his family with the balance if he dies before paying it off. The credit card company offered him Credit Balance Insurance (CBI) that would take care of these…
Read MoreThe Planning Continuum
Posted on:A question sometimes asked in the media is exactly what is the role of a financial professional and how do they help the client meet their life goals and dreams. Why do you even need to engage the services of a planner or advisor when so much information is already available for free on the internet and elsewhere? There is however a big difference between free information and financial wisdom and…
Read MoreTalking To Your Parents While There is Still Time
Posted on:Many clients in their 50's and 60's are increasingly worried about the finances of their aging parents. This is especially true in an era of unprecedented low interest rates. They often ask: 'How do I talk to them about their care and their finances?' This topic raises many sensitive family dynamics including the adult child who is uncomfortable raising the topic with their parents and parents…
Read MoreHow to Benefit from Being Charitable
Posted on:Charities play a vital role in our society. The Canadian government recognizes this role and tax breaks exist to encourage taxpayers to give to their favorite charities. Roger makes occasional donations to various charities. His donations are rather small and amount to only a few hundred dollars per year. He learned that he might get a bigger tax break if he was a little more generous with his…
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