All Columns

Doing the Things That You Want to Do

I am writing this column 400 kilometres into a 3300 kilometre road trip by motorcycle. I’m on my way to Banff to meet an old rugby buddy, and then we are off to Regina to see the Saskatchewan Roughriders play the Winnipeg Blue Bombers in the Labour Day Classic. Perhaps it’s because you have plenty…

Read more…

Real Advice Doesn’t Come From a Magazine

I was looking through an old magazine from 2010 the other day and I came across an article that prescribed seven specific stocks to buy. What a load of malarkey. I’m not saying these stock picks were bad investments. I actually have no idea what their past performance has been. What I’m saying is that…

Read more…

Also posted in Investment Management |

A Lousy Use of a Great Opportunity

With the Tax Free Savings Account you will pay less tax. I’m a big fan. Who doesn’t want to pay less tax? I just think that a lot of people aren’t using TFSAs as effectively as they could. Here’s how it works: With a TFSA you invest your money as appropriate to your objectives. There…

Read more…

Also posted in Income Tax Planning |

It’s not a question of “if”

One of the realities of my profession is that I ask people what they would like to happen when they die.             That’s a question that some people don’t give a lot of thought to. Not me. I think about my own death all the time. I’m not morose about it. I just think it’s…

Read more…

Also posted in Estate Planning |

Hey Parents, Wake Up!

One thing that I just do not understand is why more people don’t have Registered Education Savings Plans established for their kids and grandkids. Think about it for a moment. Nowadays how many careers are there that a person can walk into right out of high school? Not jobs, mind you. Most times a person…

Read more…

Also posted in Education Funding |

The Probate Fee Boogeyman

Recently a good friend confided to me that her Dad had just added her as a signing authority on his bank account.  The reason that he did this was because someone at the bank had told Dad that he would be subject to a bunch of taxes if he were to pass away.             This…

Read more…

Also posted in Estate Planning |

The Stock Market is like Riding a Motorcycle.

Two of my favourite things are investments and motorcycles.  The other day I realized that the stock market and riding a motorcycle have something in common. In order to turn a corner at speed on a motorcycle you need to counter-steer.  Counter-steering is a pretty weird idea when a person is learning how to ride…

Read more…

Also posted in Investment Management |

The Great Goals in Life

Financial Planning is a process that can have a magnificent, meaningful impact on your quality of life.  Some people equate financial planning with getting an adequate rate of return on your RRSP.  That’s fine as far as it goes, but it’s and inadequate definition of financial planning. Financial Planning is a six step process that…

Read more…

Also posted in Money Management, Retirement Planning |

Underestimating the Severity of Your Own Situation

I think that is human nature to underestimate the severity of your own situation. In my own life I started putting on some weight in my thirties. It was no big deal, I thought. And I did nothing about it. I still ate everything that I wanted, and I wanted a lot. But my metabolism…

Read more…

Also posted in Money Management |

Entertainment is not Wisdom

A few days ago I was asked for some recommendations on books to read by a person who was looking to learn a little more about the world of finance. Normally, that’s something that I can help with. I read a lot, and as it happens I was in the local bookstore just a few…

Read more…

Also posted in Money Management |
Back To Top