What to do when financial advisors doesn’t live up to their promises + MORE Mar 29th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Brexit: a value play or value trap? Apr 15th

Are you tired of hearing about Brexit? Well, get in line. Over the last year, the U.K.’s European Union debacle has taken several ridiculous twists and turns. I won’t attempt to list everything that’s happened, as it’s been one of the more confusing political events in history, but as of rig.... More »

The ins and outs of tax and estate planning for a RRIF Apr 3rd

Q: I’m 81, single, female, with around $265,000 in a RRIF (invested in two different financial institutions, both mutual funds).  My withdrawal is about $12,000 a year. How can I minimize tax payable (by my beneficiaries) at death? — Lydia A: The tax savings and deferral from contributing t.... More »
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Canadian Women's Hockey League to close down over financial difficulties + MORE Mar 31st

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Feds pledge $15.3M for opioid research, harm reduction - CTV News Apr 25th

Feds pledge $15.3M for opioid research, harm reduction  CTV NewsThe federal government announced an investment Wednesday of more than $15 million earmarked for opioid research and harm reduction initiatives..... More »

Why are stock markets rising? Apr 8th

It’s hard to believe that the first quarter of the year is already finished, but it’s even harder to fathom just how far away the last three months of 2018 now seem. You may have already forgotten, but between October 3 and December 24, global stock markets plummeted, with the S&P 500 fallin.... More »
Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations. Around midday it was changing hands at $87 a share, up 20 per cent from the IPO price of $72.

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If you’re looking for safety in your portfolio, gold isn’t the answerQ. How safe or wise is it to invest some savings in gold? Many of my friends say it’s a great inflation hedge. But I have a very well-diversified portfolio that’s mainly equity index funds right now. Is having a small portion of gold, say 5% or 10%, a good option? Why or why not?
— Thanks, Mary R.
A. I love my friends. I ask them for advice on all sorts of things. Like how to peel butternut squash without losing a finger, or how to gel my daughter’s hair for her synchronized swimming competitions. (Knox Gelatin, for the record). But unless we are talking about one of my friends who works full time as a portfolio manager in the investment industry, I don’t ask my friends for investing advice.
Your question is best directed to an advisor who can look at your complete financial picture. And I bet that before she recommends you buy gold, she’ll want to talk more about your fixed income position and whether or not you need some to balance out your equity.
But you didn’t ask me to opine on your friendships…

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Q. My husband and I had a combined investment portfolio of about $750,000. We agreed to a 0.75% fee to our advisor, which amounted to $5,600 last year. Despite that cost, our portfolio is now worth $732,120. This advisor claimed that 4% was his expected gain for us, and he has fallen far short. Any advice would be appreciated.
— Dana
A. One of the most challenging parts of creating a financial plan is managing expectations. Dana, it’s possible that your advisor assured you that your portfolio would achieve an annual return of approximately 4% every year, but such a promise could have got him fired. In an era where safe investments (such as government bonds and GICs) pay less than 3% before fees, it simply is not possible to earn a consistent annual return of 4%: no advisor should ever promise that, and no investor should expect it.
My guess is that the advisor quoted you and expected long-term average return of 4%, which is actually quite conservative for a balanced portfolio of stocks and bonds…

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