The Story of Silicon Valley Bank
As we have been watching the Silicon Valley Bank (SVB) and, to a lesser extent, Signature Bank drama unfold, we wanted to provide our clients with an update on the situation and what impact it may have on our portfolios. As the old saying goes: “There are decades when nothing happens, and there are weeks […]
Gambling vs. Investing, is it the Lotto TSX-MAX?
“There is a very easy way to return from a casino with a small fortune; go there with a large one” _______Jack Yelton. Over the years, I have heard many comparisons between investing in stocks and gambling. While there are some similarities between the two activities, especially to the untrained eye, they are fundamentally different. […]
How Emotional Investing is Killing Your Returns
“Be fearful when others are greedy and greedy when others are fearful.” Warren Buffet Controlling your emotions can be one of the hardest parts of investing. It can be near impossible to block out our emotions from our investment decisions. And because emotionally-driven investment decisions left unchecked can become the number one detractor to […]
The Practice of Investing
“Investing…it’s about understanding the world, and understanding yourself.” – Phil Town How do I invest? It is a simple enough question that has a broad and varied answer. No matter their station in life, every investor has asked that very same question at some stage of their financial journey.Typically, financial literacy starts with our very […]
Interest: What It Is And How It Works
Interest is always a challenging concept when first introduced. A typical conversation between parent and child can look like this. Parent: “Your money can earn interest and make more money for you.” Child: “I am interested in how this new interest concept can make my life more interesting.” Interest is a long-term process, and when left to […]
A Closer look at Savings Accounts, TFSA’s and RRSP’s
You have a job, you are saving part of your income, and your hard-earned money is sitting in the same savings bank account you opened years ago. You may have noticed that the interest your money is earning has been dwindling while the fees the bank charges you remain the same. Perhaps you have heard […]
The Largest Financial Commitment of Your Life
The Largest Financial Commitment of Your Life Those may seem like dramatic words, however buying your first house is generally the largest purchase of your life. It can also mean the combining of financial futures for many couples as they start their lives together. With ultra-low interest rates for the foreseeable future, many clients and […]
Understanding your Registered Education Savings Plan (RESP)
Last time we were introduced to RESPs, one of the most useful financial tools in Canada. It can be difficult however to take full advantage of the benefits that RESPs have to offer. Read on to learn how to make the most of this opportunity for your child or grandchild: Contributing to your RESP Unlike […]