Should retirees speculate? + MORE Nov 12th

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All investors need to know the difference between investing and speculation—often summed up as what you do with “serious money” versus “fun money”—and that’s doubly true for those at or near retirement. While investing is about building wealth you can count on, speculating typically means risking money you can afford to lose, which may be in short supply for retirees on a fixed income.
No one wants to lose money, of course, but that risk is the inevitable trade-off for those in pursuit of higher returns. Take, for example, the trades happening over at the Robinhood platform where young millennials congregate. Post-COVID, many have turned to what might strike retirees as unabashed speculations—depressed airline, hotel and cruise line stocks—betting they’ll soar once a vaccine is available. (Some of these stocks did, indeed, rebound following Joe Biden’s U.S. presidential win and good news about a possible vaccine from Pfizer.) The operative word with this cohort seems to be FOMO: Fear Of Missing Out…

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A strong foundation is the key to building a home to last, much in the same way as it is for a business. Now in its seventh year of operation, Avana—a high-growth, family-owned real estate operation headquartered in Regina—takes the concept of roots one step further, not only by expanding its already impressive portfolio of properties, but also by extending suitable, safe and affordable housing to those who are most in need.
Founded in 2014, Avana began as a collaboration between the sister-brother team of Jennifer Denouden and Matt Ackerman,
along with their spouses. A former private banker with RBC Wealth Management, Denouden was enticed by the prospect of designing her own future, particularly after becoming a mother. “I thought of real estate, because you can earn passive income without having the demands of a rigid schedule,” she says. “I pitched the idea to my husband, Troy, and he supportively jumped on board.” Denouden next shared her idea during a kids’ playdate with her sister-in-law, Nicki Ackerman, before approaching her brother, who was a carpenter in Regina—and the family enterprise was born…