Ross Taylor Financial Corporation E-Newsletter January 2023

Financial Wisdom

January 2023

Key Ideas for Wealth Building Success

From listening to the media and online commentators, we have identified two key observations that can impact your efforts to build assets and wealth over time.

The first is the way many individual investors place one-way bets on their market investments. As long as the investment is making money, all is good. But the minute the investment sinks for a couple of days or goes negative (relative to their starting capital), they quickly sell.

As famed investor, Warren Buffet says, in the short term the investment...

The Power of Time and Patience

It’s challenging to be patient in a fast-paced, immediate gratification world, but some things are worth the wait. Consider, for example, how a powerful financial reality (compound interest) can help investors accumulate a lot of assets over time to reward their patience and perseverance. Here’s how it works:

You invest $1000 at a 5% annual interest rate. You’ll have earned $50 in interest by the end of year one, making your original investment worth $1050. By simply leaving it alone and reinvesting, you’ll earn 10% on your initial $1000 investment, plus 5% on the $50 in interest earned in year one. By the end of year five, your investment will be worth...

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Lifestyle Choices Can Secure Your Retirement

For many nearing retirement, lifestyle choices become more significant in determining their comfort level for the rest of their lives. They must decide whether it is better to make some of those choices now or have their circumstances force lifestyle changes later in retirement. That’s the dilemma faced by many people who have come to enjoy their way of life, but now realize that sacrifices will have to be made in order to maintain a similar quality of life in retirement.

Even for those pre-retirees who were diligent in their efforts to accumulate retirement assets, there is a realization that adjustments will have to be made. Through a combination of recent economic...

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It is only when we take chances, when our lives improve. The initial and the most difficult risk that we need to take is to become honest.

Walter Anderson

This newsletter was written and produced by AdvisorNet Communications Inc. and is information provided for your convenience only, and is not an endorsement of any product or information provided by any other party. Your financial security advisor makes no representation, warranty, or guarantee of the information offered. Consult a professional before investing in, or buying any financial product. Any indicated rate of return is for illustration purposes only and is not intended to reflect future values of returns on investment. Any amount allocated to a mutual fund or a segregated fund is at the risk of the contract holder and may increase or decrease as it is not guaranteed. Borrowing to invest can magnify the risk of investing. You should not act on, or make any decision based on any information in this publication, as it is meant for general purposes only and it may not accurately apply to your specific circumstances, nor should it be applied as professional advice for the reader. References in this publication to third-party goods or services or trademark names are not endorsements. The publisher and any other party presenting this material to the reader do not guarantee the accuracy and will not be held liable in any way for any errors or omissions, including statements or statistics in this publication, though we seek to present information based on material believed to be precise, reliable, and complete. Quadrus, Quadrus and design, Quadrus Investment Services Ltd. and design, Quadrus Group of Funds are trademarks of Quadrus Investment Services Ltd. used with permission.

Ross Taylor Financial Corporation
4725 Dorchester Road, Unit B3, Niagara Falls, ON L2E 0A8
Ph: (905) 374-9550