Posts Tagged ‘long term perspective’
Why the Economy Is Not Relevant to Investing
Right now everyone is talking about the economy… Interest rate hikes. High inflation. Out-of-control government spending. Decline in global trade. Possible looming recession. So what do you do if you have money in the stock market? In my latest video and podcast episode, you’ll learn why the economy is not relevant to investing, and how…
Read MoreThe Globe and Mail Article: Does this tax-deductible mortgage strategy still make sense?
Does the Smith Manoeuvre still make sense in our current economic climate? That’s the question The Globe and Mail came to me with in my latest media interview. With the current financial climate being the way it is – higher interest rates and tighter borrowing rules, many wonder if this strategy is still effective. As…
Read MoreMillionaires in Poverty
This may sound like a dumb topic. Why would a millionaire live in poverty? We see it all the time, though. People living in a paid off home worth more than $1 million while living on an income of $20,000/year before tax. I believe this is caused by the belief that your home is your…
Read MoreWhat Is the Highest Quality Financial Planning Advice?
PART # 1 PART # 2 *Please Note: For some reason the video cut-off, so we have included the second half of the video in Part #2. How do you know you’re getting the highest quality financial planning advice? I recently asked my social media followers and blog readers what financial topics you would like…
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 MoreToday’s Buying Opportunity For Stocks
There’s a sale on stocks today – it’s a 10% sale! We have recovered about half of the decline from the bear market in 2022. What does that mean when it comes to buying stocks? In my latest podcast episode and YouTube video I give my thoughts on why I believe now is a good…
Read MoreHow to Get Passive Income with Little or No Tax
Can you really make money while you sleep with little or no tax? Covid changed most of our working habits, in that many people stayed home, while others felt the financial pinch of the pandemic. New paradigms arose, such as creating wealth, without work. Passive income started becoming a conversation not just with people who…
Read MoreFinancial Post Article: Looking for the right strategy to draw down retirement income
The Financial Post asked me to review the finances of a Toronto couple who would like to know the best strategy for drawing income from their pension, RRSPs, Canada Pension Plan and Old Age Security. Currently they have focused their investment strategy on dividend-paying stocks (largely based in North America) and away from growth and…
Read MoreHow To Be Smart With Your Money In Your 20s & 30s
Want to teach your kids to be smart with their money? Then you’ll want to send them my latest video and podcast episode with an introduction into the world of finance. There are a million things to know. These are the few important ones, based on my Unconventional Wisdom. Whether you’re thinking about buying a…
Read MoreFinancial Post Article: Early retirement just a dream for couple who want to buy new home in Vancouver
The Financial Post asked me to review the finances of a Vancouver couple whose money is already tied up in real estate, but want to purchase a new home. What’s the better option when it comes to saving for retirement: real estate or the markets? It’s a question Joe* and Alice are grappling with as…
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