Fresh insights from our Professional Wealth Advisors.
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Success in building wealth has always started with saving. What may seem like a little can make a big difference over time if you’re able to stick to a regular savings plan.
If you have (grand)children learning about finances, the table to the right may be a worthwhile share. It shows the potential impact that just $30 per week of savings — or $1,560 per year — can have down the road based on various rates of return. It’s a […]
When was the last time you reviewed your estate plan? While this should be done at least every five years or when personal circumstances change, the pandemic reminds us of the value in revisiting plans when circumstances around us also change.
Stock market valuations can swing back and forth from one extreme to the other, sometimes being depressed and offering high value, and at other times appearing overvalued and speculative. Somewhere in the middle of this swing may be the fair value of any particular equity.
Did you work from home last year? As a result of the pandemic, the Canada Revenue Agency (CRA) has made changes to the rules surrounding home office expense claims.
As always, change is imminent! In brief, here are some of the notable changes that have occurred in the last quarter or are upcoming.
It may be easy to lose sight of the importance of time in building wealth. Today, the reasons are many: heightened market volatility, an increasing focus on immediacy and the influence of media in the digital age. Yet, in investing, having a longer time horizon takes advantage of compounding, which can have profound effects over time. This involves the difficult task of enduring inevitable and unpleasant short-term events like recessions and even an unexpected pandemic. The following may help […]
While we may prefer to think that nothing bad will happen to us, the current pandemic is a reminder that unfortunate surprises can, and sometimes do, occur.
Amidst the many hardships created by the pandemic, there may be prudent lessons that can assist us in finding greater financial success. As we look to better times to come, here are some reminders.
Precision Wealth Management (PWM) has joined the QWealth Partnership, with the $280 million AUM firm representing QWealth’s initial foray onto Vancouver Island.
For those old enough to remember, the late 1970s and early 1980s were periods rife with high inflation and interest rates. In 1981, inflation rates reached over 12 percent and the now defunct Canada Savings Bond returned 19.5 percent interest. While high interest rates meant great returns on low-risk assets like guaranteed investment certificates, it also meant unaffordable mortgages!
