All Posts Tagged Tag: ‘financial advice’

Keeping Perspective – The August 2015 Correction or beginning of a Bear?

Ken Stern, Aligned Capital PartnersNo Panic, No Sell.  No Sell, No Lose!With the summer doldrums and lots of people being away on holidays, we’re in the right frame of mind to deal with an event that seems a lot worse than it is. Since the 2008 stock market crash, share prices have been up in five of six years (2011 …

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Know the Facts about dividends. They can be toxic when calculating OAS Clawback

Ken Stern, Aligned Capital Partners. This article was written by Wilmot George of CI Mutual Funds   As Canada’s baby boomers settle into retirement, many are being caught off guard by their complex financial situations. Getting the most out of Old Age Security (OAS), which for 2015 pays a maximum of $6,780, is a key challenge their advisors need to …

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The Incredible Shrinking Rate of Return

Thane Stenner

Ken Stern, Aligned Capital Partners Rates of return going forward won’t resemble those you’ve gotten used to in the past. Investors can find plenty of advice about how to make retirement money last. Some financial planners tout the 4-per-cent rule, where you withdraw no more than 4 per cent each year from your nest egg. Others recommend working a few …

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Optimize your after-tax income. If you own a corporation, listen up. You likely know some of these strategies.

Understanding The New Wealth Surtax2

When running a private business, you need cash flow to support your lifestyle. The challenge is minimizing personal taxes, while optimizing income. But removing money from your company for your benefit requires careful planning. Here are some of your options to extract cash. Each has unique considerations and income tax consequences. Salary and/or bonus These options are deductible by the …

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There are many reasons to buy life insurance – some of which may surprise you. Here are 6 good ones.

Life Insurance Senior Couple

For many people, their first experience with life insurance is when a friend or acquaintance gets an insurance license. In my case, a college friend, recently hired by a major insurance company, contacted me (along with all of his other friends) to buy a $10,000 policy underwritten by his company. Unfortunately, however, this is how most people acquire life insurance …

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Don’t bank on an AVERAGE retirement. You could drown in a river with an average depth of 1 foot!

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The four most dangerous words in long-term financial planning are, “Let’s assume I’m average.” Averages can play an extremely useful role in grounding our expectations and showing us what’s realistic and what’s not. They’re not, however, an infallible guide to how you should conduct your affairs, because they don’t show you the gap between worst and best cases. >>Read more

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The Perfect Investment portfolio? No one knows what will happen next so it’s prepared for all environments, but committed to none.

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Ken Stern, Aligned Capital Partners Like most people who write about finance, I have a problem. My job makes it effectively impossible for me to manage my own investment portfolio. When I first became a full-time investment writer back in 2007, I had to sell all my stock … in Diageo (I don’t even want to think about how much …

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Ensure you don’t run out of money before you run out of breath!

Webpension

Shortly after my great-uncle and great-aunt retired, they came up with what seemed like a foolproof plan. They would take the modest pension that my Uncle Jim had accumulated since emigrating from Scotland, sell their house, and say goodbye to brutal Lake Erie winters forever. As my Aunt Mary told my parents, they intended to spend “the last few years …

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A portfolio is like a bar of soap. The more you touch it the smaller it gets.

Worried

Ken Stern, Aligned Capital Partners Set up a long-term investment plan and stick to it. It’s easy to say and difficult to do. What makes it so hard are the inevitable market extremes, which range from “I can retire today” euphoria to “I hate the stock market” depression. At both ends of the spectrum, it’s hard to see how your …

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Buy Low/Sell high is the secret to successful investing. Buy High – Sell Low? That’s backwards but most have a hard time keeping this discipline.

Ken Stern, Aligned Capital Partners If you think about it, Buy Low, Sell High is the secret to investing.  Logically, it’s tough for anyone to refute that statement.  So why is it so hard to do?  It’s simply because psychology gets in the way.  I’ve said many times that when it comes to money, psychology is more powerful than logic. …

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