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December 2018 Newsletter

Smart Money December 2018 Newsletter Taking the Mystery out of the Markets Check out this quick two minute video for insight: https://vimeo.com/298282584/966ffafdaa Many of you hold investments with Value Partners Inc. Recently I had the opportunity to speak with Gregg Filmon, CEO of Value Partners. You can check out their approach to investing here: https://vimeo.com/293374395/be2653333e…

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Also posted in Estate Planning |

November 2018 Newsletter

Smart Money November 2018 Newsletter Black Friday Sales: Today is Black Friday. I got up at 6:00 am because I wanted to get down to the local sports store and pick up some bargains. I hate getting up early, but I did it to save money. It makes sense to buy stuff you need when…

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Also posted in Estate Planning |

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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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Also posted in Money Management, Retirement Planning |
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