Introduction Many investors prefer to allocate a significant portion of their portfolio to so-called “safe” investments. This approach often stems from a variety of reasons: a cautious approach to market volatility, a focus on preserving savings, or the desire to minimize risk, particularly for those nearing or in retirement. While these investments can safeguard your […]

Introduction Exchange-traded funds (ETFs) have gained immense popularity over the past decade. In Canada alone, ETFs have grown from a market value of $66 billion ten years ago to an impressive $376.6 billion by the end of 2023. This near 500% growth highlights their increasing appeal among investors. However, despite their popularity, ETFs remain less […]

Introduction Economic downturns, such as the one Canadians faced in 2022, bring uncertainty, but your personality traits can play a significant role in navigating such challenges. The personality trait of reactiveness—how quickly or calmly you respond to stress—may influence your financial decisions and resilience during recessions. Reactiveness and Optimism Bias Reactiveness exists on a spectrum. […]

Introduction Understanding Why We Overspend The holiday season often brings with it a compulsion to splurge, driven by emotional reasons like guilt, conflict resolution, or the simple joy of giving. This tendency can be exacerbated by what experts call “mental accounting bias,” where we lose sight of the bigger picture in favor of immediate gratification. […]

Introduction A well-rounded financial plan can act as a steady anchor during life’s uncertainties, ensuring that you are better prepared to face challenges while pursuing your financial goals. Here’s how you can build a comprehensive plan that offers both stability and confidence in times of volatility. 1. Avoid Short-Term Reactions Market volatility can evoke strong […]

Introduction Reaching your 70s marks a new chapter in your financial journey, often accompanied by significant shifts in personal and financial priorities. For many, this is the decade when income from savings and investments begins to replace earnings from work, making the question of whether and how your investment strategy should change particularly critical. The […]

Introduction When Steve and Colin Wilson inherited their father’s thriving greenhouse business and valuable land in Saskatoon, they were confronted with an unexpectedly significant tax burden. Despite their father’s best intentions, having a Will was not enough to fully protect the family’s assets or ensure a seamless transfer of wealth. This experience underlined the importance […]

Introduction A separation or divorce can be one of life’s most emotionally and financially challenging experiences. It is crucial to safeguard your financial stability during such times, especially when emotions can complicate decision-making. Protecting your wealth is not just about securing assets; it’s also about ensuring a stable financial future for yourself. Here are five […]

Introduction Creating or updating a Will is a significant step toward ensuring your assets are distributed as per your wishes. However, this process requires careful planning and attention to detail. Here’s a checklist to guide you through the considerations for writing or revising a Will effectively. 1. Choose an Experienced Lawyer Specializing in Wills Opt […]

Introduction Mistakes in a Will can derail your intentions, leaving your family and beneficiaries to navigate unnecessary legal conflicts or financial hardships. Below are ten common pitfalls in Will planning and actionable advice on how to steer clear of them: 1. No ‘Plan B’ Failing to include a “gift over” provision in your Will could […]