In the big picture these important steps play a big role in doing our part to help minimize the risk of being an unwitting participant to a money laundering or terrorist financing scheme.
Fraudsters are always looking for unsuspecting victims and the pandemic has brought about versions of schemes that use a new angle to prey on vulnerable seniors.
In recent material from Elder Abuse Elgin, statistics show that anywhere from 2% to 10% of seniors experience abuse every year. In Ontario alone, this equates to somewhere between 40,000 and 200,000 seniors. What’s more, the vast majority of elder abuse cases are not a one-time occurrence. In most cases, the abuse happens over and over again.
It can be easy to let one small piece of the timeline throw you off your investment strategy. Investment values go up and down, it’s the very nature of the market. Investors will do themselves a favour if they take a moment to stop and remember short term reports reflect merely one small part of a long journey.
Tax season is underway, and Canadians may be facing some unfamiliar terrain. Job losses, side gigs, and working from home were just some of the by-products of 2020.
Today’s seniors need to consider longevity, health care costs and low interest rates when investing their retirement nest egg. In recent years interest rates have steadily declined, and experts tell us we can expect them to remain low for some time.
It’s hard not to notice the abundance of Questrade advertisements that ran all through this years’ Superbowl, or the magnitude of similar ads playing at the start of the majority of YouTube videos these days. What is this really all about?
Market volatility paired with dollar-cost averaging means investor opportunities. Purchasing at regular intervals allows the investor to have a strategic process in place to take advantage of these opportunities as they come along. The time is right to embrace a strategy that works best in volatile markets.
So, you own a mutual fund and you understand some basic things about it. You know your money is invested in a variety of stocks and bonds.
The financial business can be confusing and overwhelming, and it’s easy to freeze and do nothing. As time ticks on, it’s easy to lose sight of the potential damage to one’s future financial situation through loss of time and missed opportunities.
How do we put a price tag on the value of long term financial advice?
When people think about the value their financial advisor provides, many immediately think about investment returns. However, looking at returns alone is taking a narrow perspective because it’s only one part.