Financial Wisdom

May 2021

What’s Your Investing Personality?

Just as each of us is unique as a person, we also have a distinct investing personality. One isn’t better or worse than the other, but understanding "who” you are as an investor is helpful, no matter your circumstances, or how much money you have to invest.

While it’s a complex matter that depends on various factors, exploring the questions below may give you some preliminary insight into your investing personality...

What’s your risk tolerance?

Can you accept the potential risk of short-term losses, with the possibilities...

Read More

The Many Benefits of RESPs

As busy parents, just meeting your family’s needs each day can eclipse thoughts of the future. Add to that juggling act the cost of running a home, daycare, mortgage and car payments, and it’s easy to see how setting funds aside for a child’s future education can become something you’ll "do later" when you have the time and money.

Your procrastination could result in a hefty price tag down the road, however. With tuition and expenses rising steadily, sending your child to university is projected to cost $153,000 by the year 2039.1 Not planning for that today could result in huge student loan debt for your child in the future. Sadder yet, the prohibitive cost could mean she might not...

Read More
Print PDF

The Power of You

The key financial planning lesson that Covid-19 has taught us all, is that no matter how many scenarios a person considers, it is extremely difficult to get it perfectly right.

Covid has impacted Canadians’ ability to hold, build and keep cash reserves. For many, it has affected their ability to work and earn a living, and for many small business owners, it has threatened their very survival. No matter how much planning small business owners did before the pandemic hit, very few set aside enough capital reserves for 12 months or more.

Retirees have seen travel plans go out the window. Their entire vision of "retirement lifestyle" has been dramatically altered. For example, many new grandparents have been unable...

Read More
Print PDF
 
 
Online Resources

Your attitude, not your aptitude, will determine your altitude.

Zig Ziglar

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 products and services are provided by Bond Financial House. Worldsource Financial Management Inc. is responsible for mutual fund-related business activities conducted by its Registrants only, and is not responsible for the business activities of other related or unrelated individuals and/or organizations.

Bond Financial House
209-1069 Wellington Road, London, ON N6E 2H6
Ph: (519) 660-8035