financial planning

Lessons Learned from the Wealthy

Posted on 06-02-2010

Most people want to be wealthy, or at least financially independent. The sad truth is that only about 1% achieve true wealth and some 5% are financially independent when they reach retirement. The rest are dependent to some extent on others or government benefits for their daily money needs.

Maintaining Independence

Posted on 04-05-2010

Over the next 10 years, as Babyboomers begin retiring the majority of these retirees will face financial challenges related to caring for aging parents.

The family home is often strongly connected to many wonderful life memories, therefore most seniors prefer to live independently in their own homes for as long as possible.

Canadian Market Recovery After Financial Crises

Posted on 04-04-2010

During financial crises, stock prices suffer. However, they typically recover over time.

This chart illustrate the cumulative returns of a balanced (60% stock/40% bond) portfolio after five historical financial crises. In the short term, uncertainty from such external shocks can create sudden drops in value. For example, the portfolio posted a negative return one month after the October 1987 stock-market crash. Over a longer period of time, however, returns were much more attractive, and investors who stayed the course reaped considerable rewards.

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