What’s in your Portfolio?
You can think about a portfolio as a basket of assets. In this basket, you can place all sorts of investments. Bonds, ETFs, Stocks, Mutual Funds, Real Estate etc can all be thrown in. Traditionally many people either through personal investment or through their financial professional, have had a combination of stocks and bonds. The weighting can vary from 90% stocks and 10% bonds to the inverse, 10% stocks, 90% bonds. Typically the scale is tipped towards 60% stocks and 40% bonds, dubbed the 60/40. The question is, is it dead, suboptimal or working well?
How to buy your first home the smart way!
You may be asking yourself ‘What the heck is an FHSA and how can I use it to buy my first home?’. Don’t fret, we will discuss the nitty gritty of the proposed FHSA plan and how you can use that, alongside an FHBP (RRSP) and TFSA to purchase your first home.
The Difference Between the Stock and Bond Market, Mutual Funds and ETFs
The stock market refers to the collection of exchanges and platforms where buyers and sellers trade shares of ownership in publicly listed companies. It's a marketplace where individuals and institutional investors can buy and sell stocks, which represent ownership interests in businesses. This blog helps differentiate between a stock, bond, mutual fund and exchange traded fund.
Mistakes to Avoid When Hiring a Financial Advisor
Hiring a financial advisor can be a stressful and intimidating process but it doesn’t have to be. Remember to take your time in the hiring process, ask for clarification when needed, and trust your instincts when making the final decision. A strong client-advisor relationship can significantly impact your financial success.
Robin, You’re Just a Physiotherapist
I had little idea of the number of transferable skill sets I learned throughout my physiotherapy career. These same skillsets, I am confident will serve me well when I do my transition out of physiotherapy and into the next stage of my life.
2023 Portfolio Mid Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2023 has treated my portfolio so far.
Inflation and the Erosion of Wealth
Inflation has a direct impact on the purchasing power of your wealth. As the general price level of goods and services rises, the value of each unit of currency decreases. This means that the money you have today will buy fewer goods and services in the future.
Fiat Money, what it is, and how to make it work for you.
In this blog , I will talk about money and how it works because based on my conversations with clients, the concept of money is not well understood. It seems like we take it at face value, without understanding the principles of it. In my opinion, if you don't understand the principles of money, then how the heck are you going to make it work for you?
Bouncing Back: Recovering from Capital Loss
Investing in the stock market can be an exciting and potentially lucrative endeavor. However, just like any investment, there's always a chance of experiencing losses. If you find yourself facing a stock market loss, it's essential to understand that it's not the end of the world. With patience, perseverance, and a strategic approach, you can work towards recovering from the setback. In this article, we'll explore some basic steps you can take to recover from a stock market loss.
Passive Income Streams?
I'm sure you've heard the term 'passive income' being tossed around the water cooler, social media, and the like. I was hooked by the concept when I read 'Rich Dad, Poor Dad' in my early twenties. Although sounding extremely attractive, I quickly realized that nothing is TRULY passive. Income streams reside more on a continuum from active to less active. Some streams require a little more EFFORT than the next. Nevertheless, I am a huge proponent of having MULTIPLE revenue streams.
Does Gender Income Inequality exist in Healthcare?
Over my career both as a physiotherapist and an adjunct clinical professor, I could sense there was a disparity between my male and female colleagues. Although I sensed this, I did not spend much time actually researching the literature. To my detriment, I think I could have had more of an impact earlier on in my career addressing some of the issues through my various roles. Nevertheless, I spent the last week doing a deep dive into the historical income difference in the workforce as a whole but also with a special focus on healthcare. A field that I am intimately familiar with.
Why are these major banks collapsing?
Headlines are screaming about a possible banking system collapse as three large institutions (Silvergate Capital, Silicon Valley Bank and Signature Bank) have failed over the last three weeks. This is even affecting a major player in traditional finance, whose tentacles reach all corners of the world, Credit Suisse.
There is a whole generation of people who are getting a crash (forgive the pun) course on how money works and the current affairs of our banking system. Likely, the question you are asking yourself is 'will it affect me, and what can I do about it?
Buying your first home with a FHSA?
You may be asking yourself ‘What the heck is an FHSA and how can I use it to buy my first home?’. Don’t fret, we will discuss the nitty gritty of the proposed FHSA plan and how you can use that, alongside an FHBP and TFSA to purchase your first home.
2022 Stock Options Trading Year In Review
A community like no other, built on financial literacy with the goal of being able to generate an income stream independent of location.
My first year running an Airbnb in my home
Have you ever wondered about renting out a bedroom and bathroom of your house for short term rentals? That’s what I did in 2022. My platform of choice is Airbnb, learn how I became a super host and house hacked my way to living close to mortgage free.
2022 Portfolio Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2022 has treated my portfolio. Hint… not well.
Crypto Crash, Fear, Uncertainty and Doubt
What’s going on in the crypto market? FTX Bankruptcy, lost, stolen and fraudulent funds. Crypto regulation coming down the pipeline? What you can do as an investor to protect your assets and cryptocurrencies
2022 Portfolio Mid Year In Review
Financial Transparency = Financial Literacy. Why are we so afraid about talking about our financial success and failures? Take a look at how 2022 has treated my portfolio so far.
The People Who’ve Shaped Me
I'm clearly not a 'self made' person. All my success can be attributed to the people that have surrounded me in my life. That tossed in with some tremendous luck have shaped who I have become today.
What Should I Do with My Money?
This simple seven step process provides some insight on how someone can take control of their financial life and put theory into practice