Financial Wisdom

August 2022

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A Hot, Hot July

Not only have we had some very hot weather this summer, but we also had a hot Stock Market in the month of July. This was a welcome rally as 2022 has been a very challenging year.

July wasn't just a good month either, it was the one of best months we've had in a couple of years. In fact, the US market had the best month since November of 20201.

Earnings reports were generally good and while inflation continues to be a serious challenge...

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How’s Your Group Life Insurance?

Owen is married and has two children. He has been working at the same company for over five years and relies heavily on his employee group plan for his life insurance needs. A new single co-worker got the same benefits after only 90-days and Owen wonders if his group insurance can let him down.

Owen learned that group benefit plans treat all employees the same, regardless of individual needs. Coverage amounts may be determined by income, but a single worker with the same earnings will get the same benefit as a married worker with children.

Many plans offer the option of additional coverage for extra premium. However, the total amount of coverage available is limited and...

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Dealing with a Family Cottage

When Jesse and Kae Burke purchased a vacation cottage 30 years ago, they knew it was a good investment, but creating time for family was their primary goal. Indeed, the property value had appreciated considerably, but more importantly, it had given them a lifetime of memories with their children and, more recently, their grandchildren.

Today the couple is in their 70s with two grown children. Jennifer lives nearby with her husband and children. Doug and his wife live in the USA. The Burkes own their primary residence and have sufficient investments to maintain their lifestyle.

However, they no longer want the responsibility of maintaining their cottage. Uncertain about how to move...

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You don’t always need a plan. Sometimes you just need to breathe, trust, let go and see what happens.

Mandy Hale

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus of the mutual funds in which you invest. The information in this email newsletter is general information only and is not intended to constitute specific legal, accounting, financial or tax advice for any individual.

Borden Financial Services
1076 Prestwick Circle SE Calgary, AB T2Z 3M2
Ph: (403) 984-4787