When you buy an investment and the value of that investment goes up over time, you are going to pay tax on it. There's no way around it. I donโt care if it is a stock, a piece of artwork, shares in your own business, or a 10-unit commercial building, the tax man will cometh, eventually.
ย
Exceptio...
Itโs becoming nearly impossible for investment managers to beat the public markets. We call this โalpha;โ the difference between what your investment manager is getting you from a return and what the general market is getting.
So why even bother with an advisor? Why not just find the cheapest possi...
This should not be a controversial take, but it is:ย
You should not care what โthe marketsโ are doing.ย ย
Focus on you and your plan.
ย
The market is not a logical place
Stock markets are notoriously irrational places; they can go up or down based on a tweet, a war in a faraway land, or because ...
For the first time in my life, I just bought $1000 in bitcoin.ย
DISCLAIMER: I wish that this could go without saying, but in the interest of being hypercompliant - this is NOT advice. Not even remotely close to advice. I am well documented in my advice against buying Bitcoin ๐. Here me out.
It was...
ย The banks are increasingly picky every year. There is a good chance you are getting the very minimum viable product out of them - nothing fancy, personalized, and definitely not the best use of your money.
Theyโre just not into you
If you have less than $500,000 to invest, your bank isnโt interes...
As a financial advisor, I am compensated by charging my clients a percentage of their assets under management โ the value of all of their accounts that I help manage.
In most cases, you can save about 1% by not using me. There are dozens of investment options out there that are very VERY cheap! Ema...
There is an investment firm in Calgary called Mawer Investments and they are VERY good at what they do.
The company's slogan is 'Be Boring. Make Money' and that resonates with me at my core! Having been through a fair share of market dips in my 11ish year career, I LOVE boring (and you should ...
There is a correction in the market โ even a recession โ coming. I promise.โฃ โ๏ธ
When, you ask? I have no clue and no one else does either โ it's all speculation, but that's not the purpose of this note.โฃ
Yes, you (and your portfolio) should be ready for the eventual recession, but more imp...
๐๐ข๐ฌ๐๐ฅ๐๐ข๐ฆ๐๐ซ:ย ๐ย ๐ฎ๐ฌ๐ย ๐ญ๐ก๐ย ๐ญ๐๐ซ๐ฆย โ๐ง๐๐ซ๐โย ๐ซ๐๐ฌ๐ฉ๐๐๐ญ๐๐ฎ๐ฅ๐ฅ๐ฒย ๐๐ง๐ย ๐๐ง๐๐๐๐ซ๐ข๐ง๐ ๐ฅ๐ฒย ๐จ๐ฎ๐ญย ๐จ๐ย ๐๐๐ฆ๐ข๐ซ๐๐ญ๐ข๐จ๐ง.
ย
To hire a team of CFAs, MBAs, and even PhDโs to manage your hard-earned retirement dollars, you need to only pay as little as 1% per year. I believe this is the wisest investment my clients could ever make.
ย
How you ask...
Guaranteed Investment Certificates (GICs) were wonderful investments back in the day.
ย
However, they now kind-of, sort-of suck forย ๐ข๐ค๐จ๐ฉย (not all) investors.ย They are tied to interest rates, and - as you probably know if you have gotten a mortgage, bought a car, or taken out a home equity loan, rates...
Yes! You can buy a Tesla, a swimming pool, or a collection of lawn figurines from the '80s online, why not life insurance?
We don't sell it online, but if you are comfortable doing everything electronically, I would recommend PolicyMe (www.policyme.com). I have never bought from them, but I ha...
*This is a post from 2019 warning about the risk of a recession on the horizon. The US Stock market is up almost 50% since then - FIFTY! I wrote this at the time because I was fielding questions about the imminent collapse. Here we are six waves of pandemic, world disorder and the Toronto Raptors ...
