October was a turbulent month for stocks amid trade tensions and geopolitical uncertainty. While market volatility can be concerning, I don’t recommend any changes to your portfolio based solely on the current market noise and short-term volatility. Rather, I suggest that you stay on course towards your long-term financial goals.
Here’s one illustrative example of the financial benefits of staying invested over time despite temporary market sell-offs. The chart below shows the hypothetical impact on a $100,000 investment of pulling out of the market over a period of time and by doing so, inadvertently missing out on some of the highest or best trading days (ranging from 1 day to 100 days). A key lesson: it’s impossible to time the market perfectly, so stay invested to capture the in
Plan for your family's future as you review your savings and investment strategies.
Five key questions to ask at annual review time
✔ Is your investment strategy on track?
✔ Are you saving tax efficiently?
✔ Are you protecting your income?
✔ Are you preserving your assets?
✔ How does your plan affect your family?
When are you most likely to do a reality check on your investments? Is it when they’re doing well? Or is it when the markets are down and you’re nervous? Chances are it is the latter, which may not be the optimal time to make investment decisions, particularly if emotions are high. That’s why taking the time to do an annual review of your investments and other financial matters makes sen
Looking out for your investments and how a trade war may effect your financial advice.
US President Donald Trump declared on
March 8, 2018, that the United States would
impose tariffs of 25% on imported steel and
10% on imported aluminum, with exemptions
for Canada and Mexico. Those exemptions
are conditional on a satisfactory renegotiation
of NAFTA. Other countries will have to justify
why they should also be exempted from the
Five of Mackenzie’s investment teams share their analysis
and reactions to the proposed US tariffs:
Mackenzie Ivy Team
US protectionism has been a consistent topic since the 2016
election with the US having considered a border tax, pulled out of
the Trans-Pacific Partnership, threatened as much for NAFTA and
now unveiled tariffs on st
Great article on why you should be using a broker for your investments. We shop the market for you ! #investments #beaumont # leduc #financial adivsor
Here are some important dates and numbers to remember this week
RSP Contribution Deadline is March 1, 2018 !
RSP contribution limit for this year is $26,230.00, plus any unused RSP room.
Individual tax filing deadline is April 30,2018
Self employed business tax filing deadline: June 15th, 2018
RESP’s : There is no annual limit for contributions, Lifetime contribution limit is $50,000 per beneficiary
Basic Education Savings grant : 20% on annual contributions made to all eligible RESP’s for a qualifying beneficiary, to an annual maximum of $500($1000.00 where there is unused grant room from a previous year). Lifetime max per beneficiary is $7,200.00.
TFSA limit for this year is $5,500.00 (plus any unused space since 2009 to a total of $57,500.00)
RSP Home first
Your journey toward a financial safe harbor starts with getting
organized. We'll look at what you have, what you don't, and what you
need and want to develop a blueprint for your complete and
custom-crafted financial plan.
Anyone can give you facts and info about the "right" money moves to make. But you're more than some numbers on a piece of paper. We believe your financial plan should offer more, too. We take your specific situation, goals, challenges, and desires into account to fit every piece of the puzzle together - and to ensure the finished picture is one you want your life to look like.
We'll help cross off items on your financial to-do list and keep you cruising forward once your plan is in place. Enjoy accountability from experienced guides who not only steer you through complicated situations, but also keep you motivated when you feel discouraged or distracted.