For years, I was an avid subscriber to the old print version of MoneySense magazine. Like many other print periodicals, however, it went exclusively online several years ago. One of the most fascinating articles I read during the print era was The All-Canadian Wealth Test,...
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Last week, in my 224th blog post, I introduced Gregory (Greg) and Olivia, a young married couple who had bought a house in the Greater Toronto Area (GTA). They considered two common ways to reduce the interest they would pay over the life of their...
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Meet Emma and Roy, a couple from Winnipeg eagerly counting down the days to their retirement, just five years away. Aware of the importance of careful financial planning, they decide to engage an advice-only financial planner to support their transition into their “golden years.” Step 1:...
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There is a lot to be said in favour of Do-It-Yourself (DIY) investing. The barriers (online access, real-time quotes, lower costs, etc.) have come down dramatically in recent years. Simultaneously, I would argue, the fact that there are fewer barriers means that the DIYer has...
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The Dilemma: What Should She Do with Her Money? Marie, 67 years old, was widowed three years ago after forty years of marriage. Together, she and her husband Robert had raised their family of three children and created thousands of memories together in the house that...
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Recently, I’ve been thinking about saving versus investing or the idea of engaging in “risky” investments versus “safe” interest-bearing deposit products. This idea came to mind again because of the findings presented in my last blog post that financial planners in Japan did not tend...
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Can You Be Too Diversified? Investing is a bit like walking a tightrope between risk and reward. Investors try to find the sweet spot that maximizes their returns while minimizing their risks. But sometimes, in their quest for a balanced portfolio, they end up making mistakes....
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Meet Mike and Jenn, a married couple residing in London, Ontario. At 41 years of age, they've been married for 12 years, sharing the ups and downs of life as a loving family. With two children, 10-year-old Liam and 8-year-old Emma, their journey through life...
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The Scenario When your child was born, you and your spouse vowed to assist with his post-secondary education costs. In the year he was born, you contributed $1,250 to his Registered Education Savings Plan) RESP, which attracted a Canadian Education Savings Grant (CESG) of $250 (equal...
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“Them’s fightin’ words!” Or so a character might say if I was writing a script for a 1950s Western. Nevertheless, some in the stock picker’s camp might take offence at the assertion in the title of this blog post. This seems to suggest that there...
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