October 2018 ended in the RED…….
The S&P 500 ended down 6.9% and the TSX finished lower by 6.5%.
Here is a letter to investors:
The phrase "Financial Independence" has been gaining popularity as it does not carry the same baggage as the word "Retirement". Financial Independence gives you the freedom to choose how your time is spent (paid or not) and for some, can be reached in their 30s and 40s. Read this article to see what are the key pillars to FIRE.
There are only an estimated 300 Fee-for-Service Financial Planners in Canada, compared to over 100,000 other financial advisors - the majority working for financial institutions that sell commissioned products. Even the best of these will be confined to their company's objectives. A Fee-for-Service Financial Planner is hired by you, the client, to create a Financial Plan and to help coach you towards your life goals without the pressure of product sales.
In Canada, married couples have the opportunity to use income splitting strategies. The idea is to minimize taxes your family pays by moving income from one spouse (who is at a higher tax rate) to the other spouse (who is at a lower rate).These audit-friendly strategies can help you achieve success as epic as Jean-Claude's split.
In this article, I offer some tips on how training your mind can actually help you save money in the new year. Making changes to your mindset will really help change some habits and produce positive results. It might not be as dramatic as taking the red pill in the Matrix, but are you ready to learn about the reality behind spending?
In the film Rounders, Matt Damon’s character, Mike McDermott, is quoted: “Listen, here’s the thing. If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker.” If you're an amateur do-it-yourself investor buying stocks on your own, consider yourself the sucker. Read about why you should just walk away from the table instead of trying your luck against the professionals.