Even the wealthy can feel precariously close to financial ruin. You have a great career and a solid and growing investment portfolio. You have a spacious home and maybe even a cottage. By most measures, you’d be called affluent. So, why do you still worry about money and feel your financial empire could fall apart at any time? You’re not alone. Many high net-worth people think of themselves as having less than they do. Just being wealthy...
Income For All
Ontario has begun offering a guaranteed minimum income for some of its residents. What is basic income and how does it work? Could there come a time when all our basic needs are paid for by the government? That’s the question many economists and politicians around the world are starting to explore. With automation altering the future of work and studies showing that financial stress can lead to unhealthy life choices, there’s a growing movement...
2017 Q2 Commentary
Canadian and U.S. stock markets parted ways in 2017’s second quarter. Canada’s S&P/TSX Composite Index drifted lower, led by resources and financials, even as south of the border the major stock indexes pushed to new all-time highs through May and June. The S&P 500 Composite advanced 0.45% $CAD (total return) while the Index Dow Jones Industrial Average fared slightly better at 0.68% $CAD. The U.S. advance continued to be fueled by...
Your Ultimate Labour Day Checklist
The September long weekend may be the last few days for summer R&R, but consider taking some time out to get ready for the months ahead. Here’s what you should tackle first. It’s tempting to use the Labour Day weekend to draw out those lazy days of summer as long as you can. But whether you’ve been off travelling, enjoying a staycation or have simply found yourself in a more relaxed mood over the last couple of months, the long weekend is...
The Challenges of Owning Two Homes
Sometimes, when you buy a second home, you can’t sell the first. Here’s how to cope. Until recently, Paul and Kelly were quite happy at their home in Sanford, Manitoba. They took care of their three foster children and ran their natural beauty business. Then the house next to Paul’s old family cottage in Kenora, Ont., went up for sale. It was everything they needed: a cottage-style house fit to raise the children and 160 acres to continue...