Posts by Boomer
Is Fear Keeping You Out Of The Stock Market?
The biggest concern for many investors is the fear of losing their money. The stock markets have shown some volatility the last week or so, and the recent screaming headlines in the financial media do nothing but encourage panic. Some people think the latest bull market has overvalued stocks and a major market meltdown is…
Read MoreHow Retirees Can Make Good Use Of TFSAs
Young people can take advantage of decades of TFSA contribution room to accumulate enough savings to be well positioned for retirement when the time comes. But for those close to, or already in retirement, TFSAs have not been around long enough to be a large portion of retirement savings. It’s more likely that you have…
Read MoreClaiming Your Investment Expenses
You can save on your taxes by claiming certain investment expenses which can reduce your taxable income. You can claim some direct costs related to your investing as well as interest on investment loans. Claiming Investment Expenses Claim these direct costs If you use an investment advisor to buy and sell investments, you can claim…
Read MoreDetermining Your Cash Flow In Retirement
If your retirement date is approaching, are you ready for this major life change? Your regular paycheque will be ending, and your income must come from other sources. By now you should have some idea of how you’d like to spend your retirement – what activities you will enjoy; where you will want to live.…
Read MoreFebruary Is A Good Month To Do These Things
February is a busy month for your personal finances. You start to think about taxes, RRSP contributions, and making good on those January resolutions. Here are a few items to consider this month. February is a good month to… 1. Get prepared for tax season You should be starting to receive your T-slips this month.…
Read MoreTFSA Interest Rate Comparison
A Tax Free Savings Account is an excellent savings vehicle. You can now qualify for up to $57,500 in TFSA contribution room (2018), making it more worthwhile to consider using it for a long-term investment strategy. Financial institutions still promote TFSAs as strictly for savings. There’s nothing wrong with that, although if you have only…
Read MoreFinding Patterns To Predict The Stock Market?
We all know about the economic cycle, the natural fluctuation of the economy going from growth, peak, contraction and trough. It looks like the bell curve you’re familiar with from school. Apart from that, millions of investors are still trying to discover a formula for timing the stock market by finding patterns. But, in any…
Read MoreBuilding Your Wealth: Alternative Investments
Most investments are grouped into the three traditional asset classes of stocks, bonds, and cash or cash equivalents. There are also alternative investments such as real estate, commodities, collectibles, art, and antiques which operate far differently and require more investigation, expertise and each has specific risks. Building Your Wealth with Alternative Investments Real estate Real…
Read MoreTaking Advantage Of Member Benefits And Discounts
My mom phoned me in a big panic the other day because she lost her eyeglasses. After ransacking her apartment and questioning her with the same thoroughness of a homicide cop interrogating a suspect, we ended up going to her optometrist (with IRIS) for replacements. The glasses specialist mentioned that CARP members have a $150…
Read MoreBecoming Retirement Ready
It’s likely that investing for retirement is the most long-range, expensive goal most of us will ever face. In the early years that far off future can be pretty vague, and many of us wait until we actually retire before putting a plan together, if we plan at all. Smart retirees start thinking about what…
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