Dec 6th, 2014 Good-To-Know….. • The gyration in the market continues during the week and BOC holds its key lending rate at 1%. Is it a good investment strategy to park your hard earned dollars to a more secured investment option, e.g. GIC in light of the often observed market volatility? Let’s take a look at a few more numbers. S&P/TSX Year to Date change is 6.26%. DJIA Year to Date is 8.34%. One year GIC is 1%. Balance your investment holdings in different asset class is the key to achieve risk adjusted growth for your hard earned saving dollars. • Is there different names for money? - When In school, its called a fee. - When you owe someone, its called debt. - When you pay the government, its called tax. - When In court, its called fines. - When Employer to workers, its called salary. - When Parent To children, its called allowance. - When you borrow from bank, it’s called a loan. - When Civil servant retires, it is called pension! • You now have a name for an advisor. What’s next? A good advisor is not just someone who tells you what to invest or simply showing you a bunch of charts and numbers. A good advisor is someone who listens carefully to your problems and proposes solution specifically to your financial situation. A good advisor is a person who helps you to discover your financial challenges and maps out a plan maximizing your resources. A good advisor is a person who motivates you in achieving your financial dream by changing your financial behaviour. A good financial advisor earns your trust before making you a plan. When you are ready to take advice and willing to commit the necessary changes then your financial dream or retirement goal will be totally achievable. Will you take financial advice from a guy like Brendon Burchard? (https://youtube/user/BrendonBurchard) Enjoy a great week!
Posted on: Mon, 08 Dec 2014 05:55:01 +0000
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