Use Technology to Help you With Your New Year’s Resolution
Using technology can be useful in achieving your New Year’s resolution, writes Peter Watson. This year’s New Year’s resolution comes with a suggestion that you increase your chances of success by using technology A starting point is to decide what life objective do you want to build towards. Do you have a dream wish? Examples […]
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 […]
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 […]
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 […]
Was 2023 a Good Year to Sell Your Stocks?
Investors sold stocks in 2023 and missed out on significant gains, writes Peter Watson. Should you have sold your stock holdings last year? Consider significant world events because many investors use that information as an indicator of how to invest. If bad news is a reason to get out of stocks, we had plenty of […]
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 […]
2024 Stock Market Could be Volatile
US political uncertainty plus two wars could result in a volatile stock market this year, writes Peter Watson. There are many reasons why 2024 could have a very volatile stock market. Stock market volatility can be caused because investors are nervous. And there are several things this year that can make us nervous. The wildcard […]
TFSA Contribution Limit Increases to $7,000 in 2024
Tax-Free Savings Account contribution limit increase in 2024, writes Peter Watson. As of 2024 the annual contribution of a Tax-Free Savings Account has increased to $7,000. To be eligible to contribute a person must be 18 or older and have a social insurance number. The TFSA was introduced in 2009 and the maximum contribution limit […]
Your Personal Financial New Year’s Resolution
Find the mistakes you are making with your personal finances, writes Peter Watson. I have a suggestion for your new year’s resolution. But first a story. When my children were young, before they took an examination at school, I would ask them an important question: What are the chances you will get a perfect score? […]
