A Financial Strategy for Change
A strategy to make financial changes easier to implement, writes Peter Watson. One of the strengths of humans is our ability to change. Yes, we have the ability, but it is often very difficult. The strategy for change we are suggesting is to look ahead at the benefits of making changes that most likely will […]
Financial Pain Caused by Higher Interest Rates
Bank of Canada interest rate increase will be painful, writes Peter Watson. It was a surprise the BOC increased interest rates again. The BOC has a delicate balancing act. One consideration is controlling excesses inflation and that is done by increasing interest rates. The second consideration is to try not to put the brakes on […]
Household Debt Continues to be a Risk
Many Canadians will not be able to make higher interest rate mortgage payments, writes Peter Watson. Canadians’ personal finances are at risk because of high debt levels. A recent report by Canada Mortgage and Housing Corporation sounded an alarm. Since 2010 Canada has had the most personal debt levels of all G-7 countries. The UK […]
Artificial Intelligence Will Eliminate Jobs
Artificial intelligence could cost us our jobs, writes Peter Watson. The question for many is when will artificial intelligence take our job. The world is changing at a pace that none of us could have imagined even months ago. There is risk to us all. This change will affect our ability to earn an income. […]
When Will Canada Increase Retirement Age?
Canada will have to make tough decisions that will affect when individuals retire, writes Peter Watson. This could affect everything from Canada Pension Plan, Old Age Security, Registered Retirement Income Fund, and the current age some younger workers are able to retire with pension benefits. We had a recent example of how a population reacts […]
Our Health Care System is Broken
Our health care system puts Canadians at risk, writes Peter Watson. Free enterprise exclusion has failed miserably when it comes to the distribution of healthcare services. One of Canada’s self-proclaimed achievements is providing free medicine to all. Our ability to deliver medical services has failed and the sooner we face that sad reality the sooner […]
Government Grants Offered to Parents
The government is offering free money to help educate your children, writes Peter Watson. Today a question. If you could make an investment that provided a 20 per cent return guarantee in the first year, would that be of interest? There are no hidden glitches. You can invest with the financial institution of your choice […]
Many struggle with high inflation
Managing personal finances is harder during inflationary times, writes Peter Watson. When it comes to how inflation affects Canadians there is good news and bad. Three out of four Canadians reduced their spending to help them cope with higher prices, according to a Maru Public Opinion Survey. The reality is people have different abilities in […]
Investments Too Good to Be True
Another large speculative company fails, and investors lose billions, writes Peter Watson. In life, people like to pick a winner, and this is certainly true in the world of investing. But this can sometimes backfire. Until recently, FTX was a global giant as a cryptocurrency exchange platform. According to CNBC its value was $32 billion. […]
Stock Market Can Provide Useful Investing Insights
Understanding how the stock market works can be a useful guide to personal investing, writes Peter Watson. Do you want to know the best place to look for reliable information on the stock market? The answer is simple. Look to the stock market. The reason is buyers and sellers come together to trade a stock. […]