Today we talk about what it means to co-sign on a child's mortgage. We look at the implications and the risks, and how to prepare if you decide to take this step. From there we look at a recent report from Dimensional Fund Advisors that looks at the relationship between government debt levels and stock returns.
On today's episode, I am going to spend some time talking about a topic that is on everyone's minds these days - Inflation. I am going to talk about the last time that we saw really high inflation in Canada, how various asset classes responded during those timeframes, what we can take away from that, and the things we can do to protect ourselves against the impact of inflation.
When asked how much people need saved up to have a comfortable retirement, the answer will often come back - $1 Million Dollars. I thought it would be fun to test this out. In this episode I break down what a $1M retirement looks like. I also run through some adjustments that can be made to boost retirement income.
The top 10 lessons from the book "Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever" by Robin Wigglesworth
Asking a close loved one or a friend to be your executor may seem like a nice thing to do. Even an honor, that you would trust that person to handle your affairs once you've passed away. Many people agree to be the executor for a family member or friend without thinking twice about it. But, the job of being an executor is a challenging one.
On today's episode I talk about what assets need to be considered in your digital estate plan. I talk about what some platforms are doing to help people do some estate planning themselves within the platform. I explain how to get your estate attorney to help you write language into your estate documents to deal with digital assets. And I talk about some solutions that can help you with efficiency in your planning.
For professionals or soon-to-be retirees, they may wonder - why do I still need life insurance? In this episode, we dive into this question. We look at the role of life insurance, the different types, when its time to let go of your life insurance policy, and reasons you may want to keep your policy even if you've achieved financial freedom.
A look back at Canadian Stock Market Returns by Canadian PM. Intra-Year Declines in perspective. A look at Investor Returns vs. Investment Returns, coined by Carl Richards as the Behaviour Gap.
According to Statista.com - Canadian stocks make up 2.4% of the total global equity market capitalization. According to Vanguard, Canadians, on average, allocate about 56% of their equity portfolios to Canadian stocks. This is called a home country bias. We talk about the issues with allocating so much of your portfolio to Canadian stocks and some of the reasons that you may want to diversify away from Canada in your portfolios.
On today's episode, I spend some time on the topic of home equity. Many Canadian retirees are looking at their accumulated wealth in their homes and thinking of this as a supersized retirement fund. Is this a sensible approach to retirement planning?
I walk through the 6 Keys to the Upper Reaches of Investing according to Nick Murray. In his book "Behavioural Investment Counselling" Nick walks us through 6 steps which, if followed, can put you into the top of your peer group in terms of long-term investor returns. This book is one of my favourite investing books, and I'm glad to share it with you.