In many ways, human beings are herd animals. In judgement and in opinion-forming, we tend to conform to the norm—as defined by the herd around us. But as an individual investor you need to be wary of the dangers of investment herd mentality and not let it influence your investment strategy: what is herd mentality, how can you identify it, and how can you avoid it?
With increasing wealth comes increasing responsibility, whether you want that responsibility or not. You may have accumulated wealth over many years of hard work or inherited much of your wealth. Either way, it is crucial to set a strategy in place to not only preserve that wealth for tomorrow, but to be able to enjoy it today, while leaving some for financial succession if desired.
Private Bankers and Wealth Management firms are both eager to help you with this responsibility, providing a one-stop shop for all your financial needs. However, the choices and execution are substantially different. Which is best for you and which should you use?
In real estate, affordability is your capacity to buy a property (maybe a particular house that you have your eye on), typically expressed as the maximum amount you will be able to pay.
You may be a first-time homebuyer, a homeowner looking to move to another house, or an investor looking to buy real estate for rental income opportunities. You may be hoping to buy a condominium, a townhome, a duplex, or a house. Whatever category you fall into, you need to know what size of a mortgage you can afford.
In this article, we provide information, a tool, and a resource to help you find the maximum home purchase price you can afford in Canada.
Philanthropy is a manifestation of a deep personal desire to help others. We can participate through donations of both tangible (wealth or assets) and intangible (time) resources to organizations and causes that support, among others, humanitarian, medical and social needs.
For those who feel the pull towards philanthropy, there are impactful wealth planning strategies to consider.
While giving back evokes happiness and fulfillment, and is a great reminder to be grateful for what we have, it can provide a number of wealth building and planning opportunities too—anyone can do well by doing good through philanthropy in Canada.
In this article, we explore how being philanthropic can add real value to your wealth plan as an individual and as a business owner.
“An investment in knowledge pays the best interest. When it comes to investing, nothing will pay off more than educating yourself.” – Benjamin Franklin
We couldn’t agree more with Benjamin Franklin’s comment. What many perceive to be the reality about investing is often full of misconceptions.
Let’s review 6 common misconceptions about investing in the stock market—because your future will thank you for it.