Which Type of Investor Are You?

Many investors are very focused on annual returns and others worry about losing money if the economy goes into a recession. The reality is that how to approach or react to different scenarios really depends on what type of investor you are. In other words, context and your financial plan are everything!

The first investor is usually a younger individual (or family), likely under age 50, that is just starting to build up their savings and investment portfolios using RRSPs, TFSAs and so on. They may have less than their annual income in savings and are often focused on returns...

Teaching Children Financial Independence

Now may be the perfect time to teach your children about financial independence. There are plenty of real-life examples in the media of how not’ to manage your finances. To really teach children money management skills, they must learn to handle money personally and to make consequential decisions on how to manage it.

An allowance is an ideal way to set a solid financial belief system for your children that will have a lasting effect well into adulthood. Money management requires discipline obtained through practice, trial-and-error and observation. It’s also learning to balance desire and practicality when it comes to financial issues.

Not everyone agrees on whether you should...

Gifts That Keep On Giving

It’s that time of year when wish lists for gifts are circulating. Before purchasing that iPad, game system, e-bike or leather jacket, consider a gift that will keep giving well into the future.

After years of overspending on her children, this is what Maude will be doing this year. "I’d hate to add up what I’ve spent on toys and gadgets while my children were growing up. They’re adults now, one with kids of his own. I know how time flies, and money gets squandered, so I’m taking a different approach to the gifts I’ll be putting under the tree this year."

After speaking with her financial advisor, here’s what’s on Maude’s shopping list for the holiday season: