With real estate prices soaring in the lower mainland of Vancouver, many Baby Boomers are now considering the opportunity to pocket the extra cash value in their homes, allowing them to move to a dream lifestyle-community, like Kelowna, Penticton or Vernon, years sooner than they had expected. The question is, "How much do I need for this plan to work?"
Coreen T. Sol, CFA
Portfolio Manager & Author: Practically Investing (2014)
Coreen T. Sol, Chartered Financial Analyst, is a Portfolio Manager with more than 20 years of experience in private wealth management. Beginning her career as a teller at the Royal Bank of Canada, she was one of the first personal banker licensees in British Columbia to sell mutual funds to bank clients and thus, has acquired a passion for transforming the way we invest. Sol’s first book, Practically Investing, is available now.
We all invest for the same reason, yet we don't all get the same results. It isn't just the investments we buy. Timing your
07/11/2016 10:23 EDT
In today's highly volatile capital markets, investors who can't stomach the fluctuations have hunkered down in good old Guaranteed Investment Certificates (GICs) and other traditionally categorized 'low-risk' investments. Although it only pays a modest rate of return, you can always count on your money being there when you need it. Or can you?
03/10/2016 12:12 EST
Ongoing research in behavioural finance is unearthing alarming consistencies in how we act around money and stark differences between men and women that have some investors sitting up and taking profits. Here are five reasons why you should consider your feminine side when it comes to investing.
01/04/2016 01:35 EST
My intention isn't to predict anything about the future of Valeant Pharmaceuticals (VRX). Instead the message is a reminder of how holdings in any market-cap weighted investment vehicle is impacted by the change in size of its constituents.
08/04/2015 12:27 EDT
If you have been named as an executor, there are important considerations to be aware of and you may wish to take a look at what the responsibilities are prior to accepting the role.
05/01/2015 05:39 EDT
Predictably, the success or failure of your plans may be determined even before the strike of midnight. 'Tis the season for peak gym-membership sales and promises of budgeted spending. Whatever your goals are for 2015, there are a couple of safeguards you can implement to ensure that you aspirations are accomplished.
12/30/2014 06:42 EST
Take a look at your most recent investment statement. Do you see the acronym DSC on any of the pages? If you do, you'll want to keep reading.
11/21/2014 04:13 EST
No one likes permanent loss of capital and no one seeks to have a drop in the value of his or her assets. What we need to understand is if you can sleep at night when your monthly statement value has dropped by some amount. More importantly, will it impact your ability to enjoy your life and meet your personal financial obligations, if this were to occur?
10/21/2014 01:22 EDT
In a culture of pursuit, "average" is a negative word. It's the tide of mediocrity to swim against, if not a failure to avoid at all costs. Beat the market! Out-performance is the only way to win. "You should see what I made on the last stock I bought!"
10/12/2014 04:06 EDT
The Registered Education Savings Plan (RESP) has become the most underused, yet indispensable tax shelters designed to make post secondary education more accessible to children and grandchildren. Unfortunately, many of us don't use the RESP and if we do, we typically don't maximize the benefits available.
10/03/2014 12:29 EDT
The first step is to devote just enough funds in short-term vehicles or ones that mature when you need specific payments. Pension funds have been using the strategy of liability matching, for generations where they meet liability payments with specific investments coming due at that same time.
08/03/2014 03:59 EDT
Transparency is ultimately a useful tool and a move in the right direction: the more we know, the better. Of course, if you've hired a portfolio manager who charges a monthly or quarterly inclusive fee, you have already been enjoying full transparency, long before these regulations came into affect.
07/16/2014 05:21 EDT
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.
06/17/2014 12:58 EDT
Coupled with the outside noise of market emotions, our individual ability to justify decisions based on sometimes irrelevant and biased information, makes the seemingly simple axiom, 'buy low, sell high' difficult to execute efficiently. Luckily, there are 3 easy ways that you can create and manage an emotional firewall between you and your investments:
06/06/2014 05:13 EDT
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