What’s in a Title?

Regulating the Use of Financial Planner or Financial Advisor If someone were to tell you that they were a financial planner or a financial advisor, what would be your first thought? Mutual fund salesperson? Or perhaps, life insurance salesperson? Before I became involved in financial services...

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Organ Donation as a Component of Estate Planning

The Kidney Foundation of Canada raises money to support people with kidney disease and to fund research into treatments for kidney disease. Each September, their big fundraising event is the Kidney Walk, which this year was held in a properly physically distanced manner; those with...

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Sequence of Returns Risk

Coping with the Uncertainty of Investment Returns Imagine that you have been putting away $10,000 at the beginning of each year from 2002 until 2019. For the sake of this example, taxes and commissions are excluded; you have been investing that money into the Canadian stock...

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Why do People Stay Poor?

As I write this in mid-September, there are rumblings in the media that the upcoming throne speech from the Government of Canada will include a significant push toward some version of Universal Basic Income (UBI). Is Canada ready for this?   The “Mincome” Example While Mincome, the “Manitoba...

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Breaking Your Mortgage Contract

Low Interest Rates Make This an Option Worth Considering When my wife and I bought our first house, the interest rate was 7.5%. That sounds awfully high today when you can sometimes see mortgage rates posted for less than 2%. On the other hand, we were...

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Financial Elder Abuse

Several years ago, I received a phone call at the discount investing call centre where I worked. An older woman was on the line. She wanted to buy a particular investment. I noticed that she was being “coached” by someone near her on what she...

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Behavioural Finance: Investor Personality

Gender and Investing Writing on gender is almost guaranteed to get the author in hot water. What value is there in discerning differences between men and women? From the point of view of the investment advisor, it seems like another justification for stereotyping the client rather...

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Behavioural Finance: The End of Homo Economicus

Finance is Scary Financial matters tend to scare a lot of people away: “Finance is all about money and numbers. I don’t have enough of the former and I don’t understand the latter.” At least that is a common impression. The financial advice industry exists in...

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