It looks easy, doesn’t it? Just log on to your self-directed investment account, tap, tap, tap in a trade or two, and you’re done. And if your stock goes up, you’ve got bragging rights. Good for you! But if your stock goes down? If you sell and get a surprise tax...
Q – I manage my own investment portfolio, and I’m an active trader with an online account. However, I just paid my tax bill for 2012, and it was a doozy! A large part of it was due to tax on investments, particularly on income on distributions and sales of some...
If you’re carrying a mortgage on your home, you’re probably acutely aware of prevailing interest rates, how much you’re paying, and the dent it leaves in your bank account every month. With advertised rates so low now, it might even seem like you’re paying too...
’Tis the season…for tips. Year-end is a great time for advisors, investment counsellors, pundits, and other financial experts. They can fire off opinions and advice, filling websites, YouTube videos, and newspapers with reams of predictions, analysis, advice, and...
Q – My husband and I have just had our first child. We are in our early 30s and have a very large mortgage and substantial credit card debt. My husband was recently laid off, and we are strapped for cash. We know we need insurance, but permanent insurance is very...
Q – Like many investors, I am yet another person disappointed with my investment returns. My advisor tells me I have done well against the benchmark. What benchmark should I be looking at? I am a balanced-risk investor. Thank you. – Chris S., Vancouver, BC A – One...
Let’s say you’re a professional woman with a nice little nest-egg put aside. You’re perhaps juggling a career and a family. Maybe you’ve got a house and a mortgage. You’re crazy busy. But your nest-egg? Not so much. It’s just sitting there. It could be in what...
Q – How do I figure out how much life insurance I need and what type of insurance to buy? – Ralph J., Ajax, Ontario A – To estimate how much life insurance you need, consider the following: The amount needed to pay off your debts; any final expenses and taxes that...
Q – What types of investments do you recommend to invest in, given the continued uncertainly in the stock market? I am looking for stocks that provide cash flow. – Jim W., Fort Erie, Ontario A – There is no question that in today’s markets, it’s a tough time to be...
We love our lattés. There’s no question about that. It’s what’s made Starbucks one of the most successful coffee shop chains in the world. But for that delicious creamy, foamy taste of coffee heaven, you’re paying…what? Most of us don’t even know and couldn’t tell...
Q – I am a 35 year old school bus driver and have very little savings in the bank. I would like to see my money grow, but I don’t like to take risks with what I already have. Can you recommend an investment that would be suitable? – Sue S., Woodstock, Ontario A – A...
Q – I am tired of seeing negative numbers on my quarterly performance reports. When I speak to my advisor, he assures me that I have done better than the “market” and that other people are worse off than me. Frankly, I do not care about “other people.” How can I...