Which Type of Investor Are You?
Many investors are very focused on annual returns and others worry about losing money if the economy goes into a recession. The reality is that how to approach or react to different scenarios really depends on what type of investor you are. In other words, context and your financial plan are everything! The first investor […]
Healthy, Wealthy and Wise
According to the Financial Consumer Agency of Canada1, good health is determined by mental, physical, and financial wellness. In other words: mind, body, and money. Physical and mental health makes sense, but what is financial wellness? Financial wellness doesn’t necessarily mean you have millions of dollars invested, although you’ve achieved an admirable goal if you […]
Financial Advice for New and Expecting Parents
Whether you’re expecting a child, planning to have one soon or have just become a new parent, you’re about to embark on one of the most rewarding journeys that life has to offer. It’s also one of the most expensive: an average of $12,500 per year until age 18.1. That’s $225,000 per child, and it […]
A Point In Time
There are moments in time when significant economic shifts occur that alter the future. One such moment occurred in late August 2019 at the close of the Jackson Hole Economic Symposium. This is an annual and exclusive central banking conference to foster open discussion about important and current policy matters. Bank of England Governor, and […]
Storyline Investing
The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described in the media headlines, or do you rely upon numbers and data to build your wealth and achieve financial independence? Warren Buffett has made this point clearly by stating that in the short term, the […]
The Power of Compound Interest
“Money makes money. And the money that money makes, makes more money.”1 This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man’s greatest invention and the eighth wonder of the world.2 […]
Questions. Questions. Questions.
It is increasingly difficult to ignore some of the trading action in the markets that is causing surprising moves in equity values while the underlying economy continues to struggle (refer to U.S. unemployment data, for example). This type of divergence has occurred in the past and at some point, the values reflected in the stock, […]
Time-Tested Money Management Strategies
As we grow up, what we learn about money from our parents can significantly influence how we earn, save, and grow our wealth. Meaghan, an elementary school teacher, credits her mother for her healthy approach to finances today. “I was lucky to grow up understanding that I could control my financial future if I was […]
Does Buy and Hold Still Work?
As an investment strategy, “Buy and Hold” is just what it sounds like: you buy an investment and hold it for an extended period, riding out market fluctuations and selling when the price reaches your target. The underlying logic of this strategy is that investments tend to gain value over time. That long-term gain, along […]
Is Inflation Missing?
Many commentators are expecting increased inflation in the coming months as Central Banks globally have ramped up their money creation efforts in response to the increased market volatility last March. There are different types of inflation, but most people have experienced price inflation, whereby excess demand is met by rising prices. The next round of […]