Every time you sit down with an investment professional, you are asked what your risk tolerance is. Regardless of the method for defining the risk you'll accept in your investment portfolio, you are wise to define the meaning at the outset with the person administering your money. It will save you a lot of sleepless nights.
If you're an average Canadian, you probably own a principal residence and have a few dollars invested or saved somewhere. If you have money invested in stocks, bonds or real estate, you may be concerned about losing your money. This is a reasonable thought; although, depending on what you're invested in, your concern (read: worry) is probably a waste of time.
When it comes to the climb of pop stardom, Miley Cyrus has proven she can't be tamed. Earlier this month, the singer posted a photo showing a new tattoo in a rather unlikely place: her lower lip. Unlike the other maneuvers, which may have social consequences, this one could lead to medical problems.
For my son's birthday, a parent wasn't comfortable with my husband and I driving her child from a gymnastics centre to our house. Fair enough. But what of the consequences of such vigilance towards our fellow parents? To what extent do these kinds of parent-against-parent preemptive risk aversion strategies threaten the fabric of mother-to-mother relations?
If painting the baby's nursery is a part of your pre-natal plans, use latex (water-based) products in a well-ventilated area. Avoid oil-based paints, paint thinners, varnish removers and substances such as lacquer. Many solvents give off volatile compounds that can put you at greater risk of pre-eclampsia (high blood pressure in pregnancy).
Ultimate freedom, waking up late, working in your pj's and taking a spontaneous day off. It sounds like the dream job, doesn't it? Well, if running your own business is that glorious, why doesn't everyone do it? The fact is, being an entrepreneur is probably the hardest thing you will ever do. It will consume your thoughts, your relationships, your sleep and your life. You may never have a "day off" again. Still interested?
In Canada, we like to play it safe and for the most part, it's paid off. Tight regulations and the centralization of banking powers helped us weather the economic storm of 2008. But we're a different Canada now. Canada's potential is remarkable, we need to believe in that potential and invest in its development before looking elsewhere for inspiration. It's all right here.
I am currently advising a board whose company is a target for a terrorist attack. Many other companies in transportation, utilities, defense, property development and financial services could take a page from below. Here are six areas for boards to focus on to prepare for a possible terrorist attack.
The actual risk of young people getting melanoma is tiny compared with the risks of everyday activities that we don't think twice about allowing kids to engage in. We could prevent far more teen deaths and injuries by outlawing teenaged skating, swimming and driving than by outlawing teenaged tanning.
When interests between management and shareholders become adverse, even through the regular course of events, it is important for boards to have their own set of lawyers who are independent from management and seen as objective and willing to act in the interests of directors, not management, and ultimately shareholders.
Rather than make a resolution that you'll end up forgetting or failing at, make one that sounds exciting and dramatic, something that is achievable, fun, but also something that will push you out of your comfort zone, allowing you to become (even slightly) a better person. It is this change that is your reward.
While Principal Protected Notes become more enticing when in we're engulfed in an environment of uncertainty, they are still not widely understood. The key flaw in these products is that they blur what is the most fundamental decision an investor must make -- whether or not to take risk and, if so, how much?