July 2018 Book a Meeting
 
 
Understanding Market Volatility - Part 1

This year began with some market turbulence resulting in a correction in the S&P Index in late January of about 10%, and about 7% for the TSX during the same period. You would have thought the world was ending with all the hand-wringing and hysteria stirred up by media reports at the time.

More importantly, for a couple of years now, the media has been focusing on volatility as if it’s something important that the investing public needs to be concerned about, which is akin to inventing a whole new way to look at managing money.

Since volatility has always been a part of investing in...

Read More
 
Daily Choices of Financial Freedom

Most people want financial freedom over financial servitude. Who doesn’t want to be financially independent, where their money is working for them rather than working for their money?

The problem for most Canadians is that financial freedom can be a struggle of living paycheck-to-paycheck or where spending tends to win out over savings. Ultimately, financial freedom is not so much a single choice to attain it, but about daily choices that can make it a reality.

Setting long term savings goals, while essential, is not always effective for people who have never before accumulated a meaningful sum of money. When looking into the future and seeing the need to save $50,000 for a...



Read More   Print PDF
Late Career Retirement

A few years ago, when the federal government restored the OAS eligibility age back to 65, many Canadians breathed a sigh of relief. When eligibility changes were originally implimented they only affected those under age 54 as of March 31, 2012, but it became apparent that even an extra few hundred dollars a month in retirement could mean a lot to many future Canadian retirees.

At the end of the day, the only things you can really count on for your retirement are you and your retirement plan. If you’re entering the last 10 or 15 years of employment, now is the time to truly solidify your plans for achieving your retirement goals.

In some cases, it may be more realistic to work a little longer to ensure adequate retirement income...



Read More   Print PDF
 
 
Our Website
 
 
Our Services
 
 
Financial Library
 
 
 
About Us
 
 
Resource Centre
 
 
Money Tools
 
 
Life is really simple, but we insist on making it complicated.
Confucius
 
The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering of tax, legal, accounting, or professional advice. Readers should consult their own subject matter experts for advice on the specific circumstances before taking any action. The opinions expressed are those of the owners and writers only. 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. Mutual funds and segregated funds provided by the fund companies are offered through Worldsource Financial Management Inc., sponsoring mutual fund dealer. All other products and related services are offered through Mayrak Financial Solutions Inc.
 
Mayrak Financial Solutions
4832 Huron Heights Dr - Mississauga, ON L4Z 4H8
Ph: (905) 501-0438