So much of the investment industry is focused on the “how” – how to get enhanced returns, how to build a portfolio, how to save tax, or how to capture the “next big thing”.

My early meetings with clients revolve around determining what they want to accomplish with their money. Most have come to terms with the fact that “a comfortable retirement” doesn’t provide enough information for their planner.

This week’s article highlights the attraction of Gen Z investors to these platforms and how newer investors are opting for the “real-time” feedback that these technologies provide.

We have been told that money doesn’t buy happiness since time immemorial. And yet, we still pursue wealth with longing and determination; sacrificing sleep, health, relationships and time.

Unlike most recessions, the pandemic has targeted industries dominated by women. In a world where a gender-based wage gap still exists, the statistics presented in this article also foreshadow a leaner retirement for women.

A few years ago, there was a campaign to improve adolescent mental health called “Dear 16-yer old me”. You may recall that this campaign revolved around the reassurance we could give our hormone-crazed, moody selves that life would be more manageable one day.

This article describes ways in which we can direct our dollars and our attitudes towards greater life satisfaction; which, after all, is truly the UPotential way!

Over the last 9 months, Canadians have become world-leaders in saving. This is a nice contrast to the record high household debt-to-earnings ratios that were so prominently written about not even a year ago. However, the new emphasis on saving might simply reflect the absence of opportunities to spend rather than a true sea-change in people’s personal financial habits. This would mean that our pent-up demand could manifest as tremendous spending when restrictions are lifted. This article gives a terrific outline of how to use this unusual (and hopefully never to be repeated) period to reset your personal financial situation and set yourself up for success.


Click here to read the full article on The Globe and Mail

Even phenomenal wealth can be squandered. For example, Michael Jackson – who was arguably the most successful recording artist of all time – died insolvent. An of course, the fact that lotteries are won and lost is the stuff of popular reality television programs.

But once in a while, we learn of a celebrity, industry leader or politician who’s wealth and influence lasts far beyond his or her initial successes. For example, did you know that McDonald’s built is vast share value on the real estate holdings upon which the restaurants are built? Similarly, did you know that the recently departed Eddie Van Halen – guitar impresario – has a very successful line of amplifiers and other specialized equipment? If you have ever wondered what makes some people survive – outwit, outplay and outlast others well beyond their retirements, this article provides some interesting insight.


Click here to read the full article on Forbes

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