My professional college, FP Canada, released its updated Assumption Guidelines at the end of April. I was surprised to see that the assumption they would have us use dropped from 2.1% for 2019 to 2.0% for 2020. I would have expected inflation to go up as inventories dropped and Canadians scrambled for goods and services through the pandemic. This article is a good reminder of how diversified the Consumer Price Index is and how pent-up demand in some areas are balanced by accumulating inventories in other areas.


Click here to read the full article on Reuters

Long ago, I resigned to the fact that I am in charge of very little in my life. Markets will move up and down with little input from me. Viruses will spread across countries and continents in a manner beyond my control. But for many years we have been told that the one thing we have influence over is our own response to stressors such as markets and health crises and that these responses can have a very significant impact on our health. Here is an article that explains how our perceptions of external stressors and our reaction to them can affect how we age.


Click here to read the full article on TED Ideas

People have long understood that a goal with a short-time frame and a tangible benefit has a greater likelihood of being achieved than one that will take years to achieve. This article links successfully achieving a goal with being in a sentimental mindset when you undertake the commitment required to achieve the goal. That got me thinking: what would you bring to a meeting with me to put you into the right sentimental mindframe for a financial goal? Your passport? A photo of a home or car? A photo of your parents are your post-secondary convocation?


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Giving Tuesday has become a world-wide phenomenon promoting philanthropy alongside the excesses of Black Friday and Cyber Monday. Usually, the emphasis is on the tax benefits for individuals and explains the use of the donation tax credit. This article focuses on corporate philanthropy as a way of aligning corporate and client values. Read on!


Click here to read the full article on Reuters

I don’t shop often but when I do, I go to outlet malls. The one closest to me is a sprawling 1.3-million square foot space filled with 200 retail stores eager to sell me last year’s fashion trends at bargain prices. And I go for it! I don’t really care about the latest fashions and often find great pieces that become wardrobe staples. It’s a win-win situation.

Settling into bed that night, book in hand, the self-satisfaction from the day’s successful bargain hunt was knocked right out of me. The book I was reading, “Dollars and Sense” by Dan Ariely, a prominent figure in the field of behavioural economics, explores how we make spending mistakes—like getting hooked by bargain hunting.


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