Demographic and economic changes have elevated longevity risk when planning for retirement. Not only are we seeing this in Cornwall and the surrounding area, but all around Canada… Retirees are simply living longer! Today, retirees are rightly concerned with the risk...
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The Green Rush
Some investors may view others moving towards a new investment idea as a “rush” and a great chance to cash in on a hot new industry. The classic investor emotion of “fear of missing out” has yet again taken control of those looking to invest in the soon-to-be...
The Big Six Banks Will Fleece You—If You Let Them
An article with this title was published in the March 20th Edition of the Globe and Mail. The reporter, Rob Carrick wrote about how the Financial Consumer Agency of Canada outlined in a report issued in mid-March that the Big Six banks are sharply focused on selling...
“Obvious” Investment Truths (explained)
The more we watch the media the more important it is to remind ourselves of what constitutes proven investment truths. We would like to give credit to an article by Ben Carlson at www.wealthofcommomsense.com for putting together 36 investment truths that serve as a...
New Years Resolution Psychology
Research has shown that about half of all adults make New Year’s resolutions. However, according to Mark Griffiths, Director of the International Gaming Research Unit and Professor of Behavioural Addiction at Nottingham Trent University, fewer than 10% manage to keep...
The Gift of Education through RESPs
A new Ipsos-Reid survey indicates that while 97% of parents surveyed want their children to further their education, only 49% of them actually have a Registered Education Plan in place. While it may not cover a child’s entire College or University stint, if set up at...
Creating a Retirement Income Plan
For those of us who will need to live off the assets we have accumulated over our working years, one of the most important milestones occurs when we start converting our savings into income. In our view, for most people this is the most important crossroad in their...
Reviewing a portfolio too often isn’t good for you OR your portfolio
I recently read Richard Thaler’s book called “Misbehaving” which reviews the history and studies done within the field of Behaviourial Economics – how human behaviour (regarding financial decisions) affects people and the economy. Richard coined a phrase called...
Bank Employees Under Pressure: Sales vs. Service?
Do sales goals get in the way of a financial institution’s promise to put clients’ interests first? Can banks and credit unions align their priorities and interest with that of the consumers? Twisted Priorities The banking industry has been shaken up in recent months...
As Investors did we learn anything last year??
The New Year is a great time to reflect on the events of the past year to see if we can learn anything that could help us in the future. As a Financial Planner and Investor I can think of nothing that can help us become better investors than to look at what happened...
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Recent Posts
Equities & Expectations
We spend a lot of time speaking about managing emotions and investor behaviour. Setting expectations is a big part of that. Now, why would setting realistic expectations be so important to our...
The First Time Home Savings Account (FHSA)
Canada announced a brand-new account for Canadian Residents to save for their first home purchase, which began April 1st 2023. The Tax-Free First Time Home Savings Account (FHSA) adds yet another...