I was interviewed by Rob Carrick in the Globe and Mail article: Frustrated homebuyers, renting is not a ‘financial coffin’
https://www.theglobeandmail.com/investing/personal-finance/young-money/article-frustrated-homebuyers-renting-is-not-a-financial-coffin/?fbclid=IwAR2JSor80Z_IpbbTaSc5G4rnQAzc4HxL09f_khCtVrye3Wc8k0RGbScmelc
Death. Not the most uplifting topic but one that should be considered in any financial plan. Whether it be due to inertia, or maybe not understanding the importance of having a Will, the majority of Canadians, don’t have one. Below I discuss some of the risks of not having a Will and how it can impact your loved ones:
Death. Not the most uplifting topic but one that should be considered in any financial plan. Whether it be due to inertia, or maybe not understanding the importance of having a Will, the majority of Canadians, don’t have one. Below I discuss some of the risks of not having a Will and how it can impact your loved ones:
Investing in the index is when you seek to replicate and hold a broad market index such as the S&P 500 or the S&P/TSX Composite Index. These indexes are a collection of stocks/companies. For example, the S&P 500 holds the 500 large-cap U.S. companies in proportion to their size (market cap). In index investing, you are looking to match the returns of the broad market rather than trying to beat the market.
The equity markets were up almost across the board in 2019 so anyone invested in index funds had a great year. For example, if you had an 80% equity, 20% fixed income type growth portfolio of ETFs you would likely have achieved over a 17% return in 2019! However, whether our portfolio did great (like last year) or poorly (like the year before), our perspective should be the same.
Passive investing refers to the method of buying and holding investments over the long term. In addition to minimizing costs due to frequent trading, the overall effort to manage the portfolio is low, thus the term ‘passive investing’. The most common form of passive investing is investing in the stock market indexes, or ‘index investing’.
In Canada, married couples have the opportunity to use income splitting strategies. The idea is to minimize taxes your family pays by moving income from one spouse (who is at a higher tax rate) to the other spouse (who is at a lower rate).These audit-friendly strategies can help you avoid paying unnecessary taxes!
Death. Not the most uplifting topic but one that should be considered in any financial plan. Whether it be due to inertia, or maybe not understanding the importance of having a Will, the majority of Canadians, don’t have one. Below I discuss some of the risks of not having a Will and how it can impact your loved ones:
With the acquisition of Kawhi Leonard to the Toronto Raptors, this has become an unexpected piece of household terminology: Load Management. If you’re anything like the fans in my house, you’ve probably mumbled to yourself more than once, “What does that even mean??”. Well, I don’t have answers regarding Kawhi’s play time, but I will offer a primer on another type of ‘load management’ that could help your portfolio make it deep into the post-season!
