Financial Planning Wisdom
Covid-19: Making Wise Investment Decisions during the “Great Pause”
Remember February 2009? Stock markets had fallen more than 40% over 6 months. What did investors do? They sold more stocks that month than any other in history – at the market low! It was followed by the longest bull market in history – 11 years and 2 days from March 10, 2009 till March…
Read MoreCreating the GPS to Financial Freedom (Talk at 4 Pillars of Entrepreneurship Summit)
I’m thrilled to have been interviewed for the 4 Pillars of Entrepreneurship Summit, an online summit of entrepreneurs talking about their experiences. Interesting video with my insights into “Creating the GPS to Financial Freedom”. The organizer is Annie Hardock, a woman who is passionate about helping entrepreneurs and those wanting to become an entrepreneur. She…
Read MoreHonoured to be awarded “Best Canadian Personal Finance Blog” by Expertido!
Best Canadian Personal Finance Blog
Read MoreHow to fend off ‘lifestyle creep’ as you start to make more money (By Joel Kranc on LowestRates.ca)
Did you ever get a raise, bonus or tax refund, and at the end of the year you have no idea where it went? “Lifestyle creep” happens to most of us. It’s so easy to add a bit to your lifestyle every year without even realizing it, especially if your income rises. Lifetsyle creep is…
Read MoreIs the home ownership dream dead for millennials? (Globe & Mail article by Paul Brent)
Some of my ideas for Millennials to buy their first home in this Globe & Mail article by Paul Brent: Is the home ownership dream dead for millennials? Figure out if you are ready. Use creative ideas to get your down payment. Make your home part of your long-term Financial Plan. Ed
Read MoreHow to Successfully Implement the Smith Manoeuvre (Podcast with Ed Rempel)
You know the basics about the Smith Manoeuvre. It’s a big decision. Here is a discussion of the big issues. Listen to my new podcast with Sean Cooper from BurnYourMortgage.ca . Here is the link: How to Successfully Implement the Smith Manoeuvre with Ed Rempel We discuss: • Why should you consider the Smith Manoeuvre?…
Read MoreYour FREE tickets to Canada’s top online financial conference – Canadian Financial Summit (online)
It’s back! Join me and 25+ top financial experts, journalists and bloggers for 3 days of online educational videos you can watch in your PJs. It’s 100% online so you can stream all the talks right from your computer/tablet/phone. The Summit is on September 26-28. You can get FREE tickets, a list of speakers, and…
Read MoreThe High Risk of Bonds
The conventional wisdom is that bonds and fixed income are safe investments and you need them to stabilize your portfolio. The truth is much more complex. Understanding the high risk of bonds can be one of the easiest ways to get higher investment returns and achieve your life goals. While bonds are less risky short-term…
Read MoreMinimize Taxes on Retirement Income (on Tangerine.ca)
Very well-written and insightful interview and article on Tangerine.ca by Robin Taub. Worth reading. A couple quotes: “The key to minimizing taxes on retirement income is careful planning, and this normally starts years or even a decade or two before you retire.” “In retirement, your taxable income can be very different from the cash you…
Read MoreWhy aggressive stock investors should take CPP early (MoneySense by Jonathan Chevreau)
Very interesting article on MoneySense by Jonathan Chevreau. Every article I have ever read (other than this one and mine) about whether to start CPP at 60, 65 or 70 misses one of the 2 main factors – how you invest. If you take CPP early, you can take less from your investments. Will they…
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