During Volatile Times: The Case for Goals-Based Investing

Goals-based investing differs from traditional investing programs that generally allocate assets and measure progress based on market benchmarks. Instead, it focuses on the investor by mapping savings and investments to unique goals, which may involve specific time horizons and risk profiles, while measuring progress towards achieving these goals.

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Inflation … What does it mean?

Filling up your gas tank in recent months is like seeing the bill for your toddler’s birthday party – “how much?” For a smooth family life, however, both must be paid.

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Managing money in a rising interest rate environment

Canada’s benchmark interest rate hit an all-time high of 16% in 1991 – and here investors are in 2022, freaking out over projections it’ll touch 1% by June. But there’s a reason for the current unease. Despite rate increases being forecast the minute governments and central banks opened the floodgates on trillions of dollars of stimulus, things have now “got real”.

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Should I stay, or should I go?

Between the pandemic, inflation, and geopolitical tensions, market uncertainty reigns right now. You might have heard some disturbing words, like shares “plunging”, prices “soaring”, and investment “volatility”. Many people, therefore, are asking themselves: should I take money out of the market and get back in when skies are clearer?

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Keep Time on Your Side

Being invested can be one of the best ways to grow wealth over the longer term. Yet, after an extended period of gains, some investors may feel hesitant to put money to work in equity markets. While volatility was muted for most of 2021, let’s not forget that it is a normal part of equity markets. It is the price paid for the upside potential.

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The Timeless Wisdom of Warren Buffett

We may all benefit from some investing perspective as we experience increased volatility and rapid decreases across most equity markets. Who better to draw on for that wisdom than one of the most successful investors of our time, Warren Buffett. Many of Buffett’s messages are timeless. In fact, a more recent academic study analyzed years of Buffett’s shareholder meetings, which have attracted tens of thousands of investors from around the world, and confirmed that the Oracle of Omaha’s key messages has recurring themes.

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Avoid These Five RRSP Pitfalls

It is Registered Retirement Savings Plan (RRSP) season once again! Beyond the importance of contributing to the RRSP to grow funds for retirement, avoiding certain practices can also help to save tax or create a bigger nest egg for the future. 

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RRSP Season Reminders

Contribute — The deadline RRSP contributions for the 2021 tax year is Tuesday March 1, 2022. Contributions are limited to 18 percent of the previous year’s earned income, to a maximum of $27,830 for the 2021 tax year. Consider an automatic monthly contribution plan to avoid missing the deadline. 

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TFSA: Do You Have Unused Contribution Room?

The 2022 TFSA dollar limit is $6,000. This brings the total lifetime contribution limit to $81,500 for those eligible.  

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Be Aware: Use the TFSA for Longer-Term Investing  

Perhaps as a result of a confluence of factors — buoyant markets, social media influence and today’s ease of investing  — we have been receiving more questions about young investors who want to open up a Tax-Free Savings Account (TFSA) for investing purposes.  

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