Bank of Canada Warns There Might Be Tough Times Ahead
The economic and personal challenges we face with a US trade war, writes Peter Watson. Recently the Bank of Canada Governor Tiff Macklem spoke about the significant dangers to the Canadian economy if we have a trade war with the US. There could be tough times ahead. The Canadian economy would weaken, inflation would rise, […]
Be Proud of Your Financial Accomplishments
Be proud for all you have achieved this year, writes Peter Watson. The holiday season is a perfect time to be proud of all you have achieved during the year. Take satisfaction of your most significant life goals that you are working towards. Yes, most work hard at a job, cope with the high cost […]
Will Trump Issues Cause a Stock Market Crash?
What we know from history is stock markets can be very volatile when the world is nervous, writes Peter Watson. There is potential for periods of nervousness ahead. Donald Trump, the former president, was recently found guilty on all 34 counts by 12 members of the jury. Immediately after receiving the verdict, he staged an […]
April Showers Bring May Flowers
A comparison between how flowers grow and investing, writes Peter Watson. Today we are going to look at investing through the eyes of Mother Nature. Humans often rate the weather as good or bad. Sun is good. Rain is bad. The same rating system can be applied to investing. Stock market increases are good but […]
News can be confusing for investors
News can be very confusing, writes Peter Watson. We live in the modern age of 24 seven news streaming at us from our smart devices. That can cause a problem. The psychology of news or more importantly how people interpret news is based on our desire to hear the bad things of life. News that […]
Investment Diversification Can be Misunderstood
Some investors misunderstand the importance of diversification, writes Peter Watson. The concept of having strong diversification with your investments can be misunderstood. Let’s consider the example of an investor who prides themselves on taking risks. That person is not afraid of risk and sometimes that characteristic can reflect the type of person they are. You […]
Financial Mistakes Should be Corrected
Correcting financial mistakes can help you achieve your financial objectives, writes Peter Watson. Everyone makes mistakes. That is normal, so consider that a characteristic of being human. Correcting mistakes does not always happen. We will consider this reality in the context of your personal financial planning. Long-term financial success can be achieved with a series […]
How a Flock of Birds Can be Similar to a Group of Investors
The instant changing pattern of a flock of birds can resemble the behaviour of investors, writes Peter Watson. This column is going to call on mother nature to help us understand how investors can react when making investment decisions. Have you ever noticed a flock of birds suddenly change course and amazingly all the birds […]
Women May Have Financial Planning Challenges in Later Life
Retirement planning for women should take several things into consideration, writes Peter Watson. Women’s finances can get difficult. If a woman is married or in a long-term relationship, often she is younger than her husband. Plus, a women’s life expectancy is longer than men’s. A woman could outlive her husband by 10 years. If the […]
Investor Communication with Advisors Still Has Room for Improvement
Communication between a client and financial advisor is an important part of their relationship, writes Peter Watson. Are you satisfied with the relationship you have with your financial advisor? Research from Angus Reid highlights the most important characteristics of how your advisor communicates with you. Offering personalized service combined with transparency are key ingredients. There […]
