Have you considered downsizing your primary residence as you approach retirement? In this video I talk through the pros and cons of downsizing your house at retirement, and provide you with some action items as you consider this kind of move.
In this video, I explain what happened at SVB, some of the differences between the Canadian and US banking system, and the protection that is in place for Canadian bank depositors.
The years leading into retirement are full of excitement and anticipation of a new life, free to enjoy it as you wish. The years leading towards and into retirement can also be some of the most anxious years, as getting used to managing finances in retirement can be overwhelming. There are 3 mistakes that I see prospective retirees making. In this video, I walk through the 3 mistakes, and offer some resources and perspectives that I hope will help.
BMO released their Annual Retirement Study in February, which revealed that respondents to their retirement survey believe that they will need about $1.7M to retire comfortably in Canada. In this video, I walk through what a $1.7M retirement would look like for the average Canadian retiring couple.
Are you approaching retirement, or in retirement, and wondering - when is it a good time for me to add my kids as joint owners on my investment accounts? Perhaps you want to smooth the process of getting those assets to your children later on, or you want to avoid the estate process, or possibly avoid taxes. While these may be noble intentions - adding adult children to investment accounts may carry consequences that you want to avoid.
In this video I walk through the 6 main categories of spending that you should factor into your retirement budget.
A review of global asset class returns in Q4 2022 and the full year of 2022.
The often-forgotten, but nevertheless critical asset class for many investors is fixed income which are broadly referred to as bonds. Stock holders are owners of the company and are entitled to a share of dividends that are paid out if the company issues them or if the company itself is ultimately liquidated. Bond holders are lenders of capital to the company or, in the case of government bonds, the government.
A value stock could be one that is priced low relative to its cash-flow, its book value (its assets minus its liabilities), or its sales. Warren described his early value stock picks as “cigar butts” - stocks of companies that were so distressed that their total outstanding stock value was actually worth less than the book value of the company. His style has evolved since those early years, but his philosophy has remained intact. His strategy is to buy stocks of quality companies at relatively low prices and hold onto them for a long time.