Declaring a recession is only possible when we are looking back at the previous quarters’ economic performance. So, whether we are in a recession, approaching a recession or the magnitude of any recession that does appear, resilience is key.
I have been a student of behavioural finance since I graduated from university. In the early years, the focus was on how behaviour would affect your investment decisions.
Building wealth must be about more than just seeing a larger number on your investment statement each year. Wealth translates into life satisfaction when it has a purpose.
It is natural to be emotional when making a decision. Recently, I booked a vacation at a cost that I never believed I would ever pay. Pent-up demand, inflation and high season conspired to empty my wallet and fill my stomach with knots.
Most Canadians experience an increase in expenses during the winter holiday season. People enjoy giving gifts, entertaining, donating and generally feeling the spirit of the season.
When most Canadians think of financial advantages, we think of high net worth, high employment income and large investment portfolios. To my mind, there is no greater differentiator between the “haves” and the “have nots” than a defined-benefit pension.
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.
Today, more teens are employed than they have been in over a decade. As of May, the Bureau of Labor Statistics shows unemployment rates for ages 16-19 among the lowest in the past 68 years. That’s good news for anyone contemplating the next generation of leaders – and for our economy.
Wedding season is upon us. Money management is so foundational to a successful relationship that it is often the leading cause of divorce.
