As a student of financial behaviour for over 20 years, I am always impressed with a phenomenon that can be expressed succinctly and explains our motivations broadly.  This article describes the Diderot Effect – the way in which one purchase can beget another. 

Investors often switch advisors during a market downturn because they are disappointed in their return on investment and believe that they could do better elsewhere.  But research shows that staying invested – rather than liquidating your portfolio and starting all over again – is necessary to achieve the long-term performance that is required to support your retirement goals.  Sounds like a pretty clear case of FOMO to me. 

I am often invited to deliver seminars/webinars to corporate groups.  Some call them “Lunch and Learns” others request half-day workshops.  The feedback from participants has always supported this article’s thesis: that “the tangible impact on employees of financial education can be life-changing”. 

Financial resilience is the most-important thing that I can impart to a client.  Over time, that resilience can come in the form of protection against risk, coaching through market downfalls and tax-efficient harvesting of accumulated wealth. 

Projecting the costs of goods and services is one of the most critical pieces to understanding the lifestyle that your wealth can support. This article discusses a trend that is important to keep in mind in light of the attention recently paid to inflation numbers.

One of the strategies that we focus on in our retirement planning engagement is tax-efficient harvesting. This article discusses some of these strategies in broad strokes.

When I initially read this article, I reacted a bit skeptically because celebrating vigilance with regards to travel spending is irrelevant to me right now due to the pandemic. However, if I lay my skepticism aside and simply read the suggestions that the author makes, it takes me back to my initial budgeting days which have long-since become ingrained habits.

I have fielded a lot of questions about borrowing to invest lately. This article explains some very important concepts that contribute towards the confidence that is required for leveraged investing.

“RRSP season” in Canada is the first 60 days of the calendar year when advisors focus on the tax-planning benefits of contributing to RRSPs. The deadline is nearly upon us and I would like to suggest that we pivot the conversation to “Retirement Readiness”…

“RRSP season” in Canada is the first 60 days of the calendar year when advisors focus on the tax-planning benefits of contributing to RRSPs. The deadline is nearly upon us and I would like to suggest that we pivot the conversation to “Retirement Readiness”…