When investing, you need to do the math
The first rule of investing is to do the math. Put simply, when you save your money and make investments, what you’re doing is constructing a simple puzzle. Each part of the puzzle fits together. The same is true for your long-term saving and investing efforts. Everything should fit together to achieve your financial objectives. […]
The Importance of Asset Allocation
One of the most important things about investing is deciding on asset allocation. Asset allocation is the decision of how to diversify your investment portfolio. The main options are stocks and bonds. The importance of asset allocation started back in 1986 with a scholarly article titled Determinants of the Portfolio Performance, published in the Financial […]
Stop Investing and start planning
Is it time for you to stop just investing? Investing can easily become a way of life. Every year certain investments get made on what seems like an automatic basis. Don’t forget to contribute to your Registered Retirement Savings Plan. And then there is your Tax Free Savings Account. If there is extra cash you can […]
Female investors are a major force in the financial industry
Female investors have become a major force in the personal investing business. Financial planners need to take note. According to a report released in March by CIBC World Markets Inc., female investors control $2.2 trillion of personal financial assets. That number is expected to grow to $4 trillion within the next decade. The report is […]
Windfall Funds Change Financial Priorities
Canadians who receive an unexpected financial windfall adjust their financial priorities. Last December BMO Financial Group released a report titled A Sudden Windfall: A Blessing Not a Burden.The report revealed that before receiving a windfall a little over half of surveyed Canadians aged 35 and over stated that achieving a desired lifestyle during retirement was […]
Canadians weigh in on financial stress
Does money cause you stress? Apparently, it does. At least according to the recent Financial Stress survey conducted by the Financial Planning Standards Council (FPSC). Canadians’ largest source of stress is financial. Financial stress ranks higher than other stress factors including health, work, and relationships. Just over half (51 per cent) of those individuals surveyed are […]