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Investment woes? Where to get good advice
Hint: you won’t find it on TikTok In our plugged-in hyper-connected 24/7 lives, we’re inundated with investment “advice.” Which is worth precisely what you pay for it – nothing. And yet every day, I hear of unwary or gullible investors being seduced by sales...
The best defensive investment strategy of all
Pay attention to asset allocation before trouble starts Inflation continues to burn up everyone’s purchasing power, with both Canadian and U.S. consumer price indexes exceeding an annual 8% recently. Of course, any shopper could have told you that months ago, just...
Tread carefully with Locked-In Retirement Accounts
Funds are not available until retirement If you’ve recently left a job that included a pension plan, you may be offered an opportunity to transfer your plan to a Locked-In Retirement Account (LIRA). This is a government registered plan in which your funds grow...
Investment basics for novices
Key principles to follow when starting out as an investor One of Warren Buffett’s famous maxims is to buy when everyone else is selling. This principle has helped male him, through his investment company Berkshire Hathaway Inc., one of the richest men in the world....
Offering employees enhanced retirement benefits
DPSPs, Group RRSPs, and IPPs In today’s highly competitive labour market, employers have been upping their game to attract and keep the best talent. Offering lucrative group benefits for employees and premium pension benefits for executives as part of an enhanced...
How to crack open the RESP piggybank
Rules for RESP withdrawals Those with kids going on to post-secondary education next month may be in for a case of sticker shock. In Canada, an average four-year program will cost about $70,000 including tuition, books, board and lodging, and living expenses. It’s...
Robyn on The Social: How to deal with rising interest rates
Rates are rising, and consumers are feeling the pinch, everywhere from the supermarket to buying a new house. Robyn recently joined hosts Melissa Grelo, Cynthia Loyst, Lainey Lui on CTV’s The Social with some practical financial tips for dealing with rate-hike...
House hunting when rates are rising
How to navigate a real estate market in transition Unless you’ve been away on a very long vacation for the past seven months, you know that inflation has been raging and interest rates have been steadily climbing. There have always been direct consequences of that...
Is your money safe?
Cash deposits are, but investment guarantees are hard to come by Novice investors often ask me whether the money they invest in a mutual fund, an exchange-traded fund, or shares of a company traded on an exchange “guaranteed” against loss. The answer here is, “no.”...
Ready to jump back into stocks?
Before you do, ask the right questions North America’s stock markets are at or approaching bear market territory – that is, where their stock indexes have lost 20% or more from recent highs and have not quickly bounced back. Only Toronto’s S&P/TSX...
Five never-fail financial tips for challenging times
It can be hard to think of tracking your spending, saving for a rainy day, and cutting debt when prices are soaring and you have even less money to save, but you will thank yourself later. Robyn is featured in this Chatelaine magazine article on five never-fail...
How to survive the current economic downturn
With another warning Canada could be heading for recession next year, what can you do now to protect yourself? Robyn joins CHCH TV’s “Morning Live” with some practical advice for financial survival in a...