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January 2009

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RRSPs - Free Second Opinion

If you know someone who is looking for a "second opinion" about their investment portfolio, we would be happy to provide a "no-obligation" review of the portfolios of any of our client's family members, friends or co-workers.

Nothing ignites financial fear like a violent, short term stock market correction. For many investors, the natural reaction is to reduce or liquidate exposure. But history shows that this is exactly the wrong reaction.

As painful as they are, stock market declines are reminders of the risk inherent in the market. It is precisely because stocks are a more volatile asset class that they have historically provided a higher rated of return than other major asset classes, such as bonds and cash.

Click here to read: Exit at Your Own Risk

 

More overlooked RRSP tricks 

More than 65% of Canadians have made deposits to Registered Retirement Savings Plans (RRSPs). Many do so just for the tax savings, but here are some often overlooked tricks you should be aware of:

RRSP loan at the dip - Those who use investment funds for their RRSPs should be well aware of the strategy of "buying low and selling high." As unnerving as it may feel, one of the best times to make a lump sum deposit is after there has been a substantial...

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Is a reverse mortgage the way to go?

Ralph and Louise have seen the TV commercials for Canadian Home Income Plan Corp. (CHIP) reverse mortgages. They were wondering if it would be a good way to go to help ease their current financial situation.

A reverse mortgage is simply an advance on the value of your home that accumulates interest. The accumulated debt does not need to be paid off until you die, sell the home or move out of the house. If you qualify, and are over age 62, you can get up to 30% of the value of...

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Commissions, trailing commissions, management fees and expenses all may be associated with segregated fund investments. While the principal amount of a segregated fund investment may be guaranteed, their values change frequently and past performance may not be repeated.  Please read the prospectus of the segregated funds in which you invest.  The information in this email newsletter is general information only and is not intended to constitute specific legal, accounting, financial or tax advice for any individual.