Six Reasons Why You Might Leave Your Job
The world has changed with the pandemic, technology, and cost of housing. Many are rethinking their life, rethinking employment. Is it time for you to resign from your job? That is a question that many are asking. There are several issues to consider. One. The pandemic has been disruptive. Times like this are a perfect […]
Time to Extend Free Education Past Highschool
It’s time to rethink post-secondary education in Ontario. This has been accelerated by the pandemic but before that there was a definite need for an upgrade. Premier Ford’s government acknowledged that our Long-Term Care facilities are not able to hire the sufficient number of qualified staff to care for our elderly. His solution is free […]
The Crazy Real Estate Market Can Cause Mental Strain
Escalating house prices and ballooning mortgage obligations can be a source of mental strain, writes Peter Watson. How much is your house worth? That seems to be a hot topic in southern Ontario these days. In many communities, house prices are escalating rapidly. Bidding wars can turn into more than an attempt to purchase your […]
Manage family finances as a partnership
Today a case study. A couple has been together for decades, and over the years they have divided household tasks. For the purpose of this article, we will assume the man is responsible for household finances including investments. Sometimes one person takes the lead on financial matters. That is likely how other household tasks have […]
You vs. Government: A Conflict of Interest
The Canadian government will encourage consumer spending with low interest rates. Individuals that have higher savings because COVID-19 reduced their spending will decide how best to use those savings. Financial strategy of Canadians is on a collision course with the financial strategy of the federal government. Over the last decade, the clear message from Ottawa […]
Can Canadian Taxpayers Afford this Budget?
The federal budget was progressive and supportive. But at what cost? It’s a unique opportunity for Ottawa to inject significant new ideas that will shape our country for decades. Canadians are emotionally drained from the health and financial ills that started early last year when COVID-19 struck. We are tired, frustrated, and eager for a […]
Universal Basic Income: A Liberal Party Proposal
A Universal Basic Income (UBI) would provide all Canadians with a certain amount of money every year regardless of their financial need, writes Peter Watson. This is a concept that warrants our attention. At the Liberal Party convention last weekend, this idea achieved overwhelming support with a 77 per cent vote in favour. The focus […]
The Good, The Bad & The Ugly
Stock market declines can lead to different emotional and financial outcomes, writes Peter Watson. There are three dimensions to a stock market decline. One. The good. Expected returns on stocks are significantly higher than expected returns on less risky asset classes like bonds. If you want a higher expected return, you must accept higher risk. […]
Go away by staying at home in Canada
Pent up demand for travel, plus the current pandemic concerns, could result in Canadians staying close to home to vacation, writes Peter Watson. Explore Canada. That could be this year’s vacation. Almost by default, many of us think that a vacation involves going to another country. Then the pandemic hit. Life got a lot more […]
Stock Market Risk Reduces with Time
Length of time invested in the stock market can help reduce the risk of losing money, writes Peter Watson. Do not invest in the stock market if you have a short-term perspective. Investing in the stock market for one day is basically a 50-50 proposition. More specifically, days the stock market increases in value is […]