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October 2020 Book a Meeting
 
 
When Volatility Arrives, Optimism is Key!

The focus here is on you as an investor! What do you bring to the table in terms of investment experience and personal temperament (emotions) that impacts your investment returns and satisfaction while building your nest egg?

October is a seasonal time of the year when investment markets often decline as part of a normal process of progress over time. This is not to say that markets will correct, just that many people associate this month with volatility.

A key to investment success over time, is to train your emotions to handle the...

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Put Your Eggs In Many Baskets

When their investment savings plummeted in the 2001 stock market crash, Adam and Sonya were concerned, but not panicked. Retirement was a long way out, so they had plenty of time to recover. The couple decided to try their hand at ’timing the market’ (buying and selling stocks based on expected market fluctuations) to recover their losses.

"We thought that if we stayed on top things and could chart when the market would go up and down, we could make our money back," says Adam.

Then came 2008 and another financial crisis that wiped out half of their investment assets. "We’d spent a lot of time and energy on an investment strategy that ended up being...

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Leaving a Legacy

Recently retired Ross and Penny have an estate planning challenge. They’ve accumulated a comfortable net worth, with a good portion of it in liquid investments. They plan to leave everything to their three adult children, but they also want to help them financially right now.

The problem is that all of their children have a different relationship with money than Ross and Penny. In a nutshell, the parents are savers and the children spenders. If they give large sums of money, Ross and Penny would want their children to use the cash to improve their financial lives. Would they do that? Or would they spend it?

If they decide against giving them money today...

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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation (CDIC). For funds other than money market funds, unit values change frequently. For money market funds ,there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. The information in this email newsletter is general information only and is the opinion of the owners and writers. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. The information contained here may include estimates, projections and other "forward-looking statements." Actual events may differ substantially from those presented herein. We make no representation that future investment performance will conform to past performance and it should never be assumed that past performance foretells future performance. All information provided is believed to be accurate and reliable, however, we cannot guarantee its accuracy. Please consult an appropriate professional regarding your particular circumstances. Worldsource Financial Management Inc. will not be held liable for any inaccuracies in the information presented. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Additional services provided through Fitzsimons Financial.
 
Fitzsimons Financial
696 Westmount Hills Drive Suite 100 - London, ON N6K 1B2
Ph: (519) 641-8019
 
 
You must expect great things of yourself before you can do them.
 
Michael Jordan