Introduction Definition of Socially Responsible Investing Socially responsible investing, also known by other terms such as responsible, sustainable, or ESG (environmental, social, and governance) investing, is a practice that uses various socially beneficial criteria to seek out securities to invest in. Importance of Socially Responsible Investing Investing has generally...
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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...
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When I was a young boy living on the more rural outskirts of Chilliwack, BC, my brother and I would often go over to our cousin’s place just up the road and sleep outside overnight. This was in the summertime, of course. We would look...
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?...
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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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It is a cliché that Canadians are loyal to their banks. While it is true that banks or credit unions are necessities of life, we do not need to stay loyal to one bank brand. In this blog post, I will discuss some ways in...
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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...
Read MoreAs I write this at the end of May 2022, we are now about a month past the standard tax-filing deadline in Canada. Depending on the results of your return and your stage in life, you may have been contributing to or withdrawing from any...
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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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