Someone who is in or nearing retirement has many ways to invest a financial windfall. Here’s how to ensure the money serves you well. I wrote this article for the Qualified Advice column of MoneySense, the online Canadian personal finance magazine. Qualified Advice is written by...
Read MoreManaging our personal finances involves a few mathematical calculations. When we buy a Guaranteed Investment Certificate (GIC), we are told, for example, that we will receive 5% per year, compounded over five years. If we deposit $5,000 into that GIC, how much will we receive?...
Read MoreAre you looking for New Years Resolutions? If your ideas involve financial concerns, you have come to the right place. Below are nine different options to consider for 2023. All will require a bit of work to accomplish, but equally, all will leave you in...
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Each year the month of November is designated as Financial Literacy Month. I like to think that each blog post that I write adds to the financial literacy of my readers, but there is something to be said for a special focus on bringing up...
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The bucket strategy divides your investment assets into three categories. The Immediate or Short-Term Bucket This bucket covers a period lasting between two to five years. Money in this category is typically held in savings accounts, Guaranteed Investment Certificates (GICs), and Short-Term Fixed-Income (Bond) Funds. Assets in...
Read MoreInterest Rates and Borrowing, Including Mortgages In the last several months, we have begun to see home sales decrease and prices drop, largely due to an increase in interest rates. If you are planning to borrow money, whether for a mortgage or other purposes, this increase...
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I will admit to some trepidation in writing this blog post. Gordon Pape is one of the grand old men of investing in Canada. He has written a column for the Globe and Mail for more years than I can recall right now. However, like...
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Give it away, give it away, give it away now Give it away, give it away, give it away now Give it away, give it away, give it away now* You have reached a level of wealth that gives you a sense of contentment. You are confident that...
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In my student days, I remember an ethics professor saying something to the effect of, “That which is not prohibited is permitted.” Of course, one pithy sentence does not exactly provide the full range of nuance that was elaborated on over the semesters that I...
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As I wrote on my website, one of the major reasons I began to work in financial planning is because I saw multiple DIY portfolios that were not founded on any rational approach to investment planning. Many seemed to view investing as a variation on...
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