Not sure how to make a retirement plan? Read on…
Latest News
Sears looking to close all stores, 12,000 to lose jobs + MORE Oct 14th
TORONTO — Sears Canada Inc. is seeking court approval to liquidate its roughly 130 remaining stores, leaving approximately 12,000 employees without a job.
The embattled retailer, which has been operating under the Companies’ Creditors Arrangement Act since June, said Tuesday that it had fail.... More »
3 sectors to consider investing in when the stock market is volatile May 3rd
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
How women can start investing + MORE May 16th
Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right n.... More »
Are you a saver or an investor? + MORE Nov 12th
When most Canadians think about investing, they often picture one of two things: either a wealthier individual who spends hours sitting in front of a computer trying to pick the right stocks, or the bank manager they see a couple of times a year when they make an annual RRSP or TFSA contribution, .... More »
Money Makeover: Should she rely on rental income in retirement? + MORE Jun 17th
Gina says she is uncomfortable with owning a rental property. There are better choices for a risk-averse investor..... More »
Slow and steady wins the investment race
– moneysense.ca
Slow and steady portfolio performance wins the investment race (Illustration by Rachel Idzerda)You know the tale about how the slow-but-steady tortoise perseveres to beat the speedy-but-inconsistent hare. It turns out that lesson applies to investing in retirement, too.
It’s easy to be attracted to investments that surge ahead like the hare when the going is good. You might end up with considerable wealth if you’re fortunate—but you just might run out of money later in life if you’re not. If you’re trying to protect yourself from risk as you seek rewards, it’s better to follow the tortoise approach: you’re more likely to achieve a comfortable retirement with little chance of outliving your money.
In what follows, we’ll show you how a slow-and-steady investment approach can achieve what I believe is a superior combination of risk and reward. We’ll explain how to structure your portfolio to meet both short- and long-term needs, select conservative investments, and follow through with a long-term investment process…
