What Does Investment Risk Mean To You?

May 18, 2018

Did you know that the way the investment industry looks at the risk of an investment is quite likely different than the way you do?

The industry most often quotes correlation and standard deviation as descriptive statistics. Correlation describes the connection between two investments while standard deviation has become the most widely used proxy for risk. A positive correlation suggests that two investments will behave the same way in the same circumstances, therefore they lack diversity. Standard deviation is a dispersion measure that provides a sense of how variable returns have been in the past. Higher standard deviation indicates a past history of higher fluctuations in price, or higher risk. Read More…

Do It For The Most Important To Us – Our Family

May 4, 2018

If you don’t have your Last Will and Testament and/or Powers of Attorney in place, this column is for you.

You will pass away at some point. Hopefully you won’t be dying soon, but make no mistake, we humans have a 100% mortality rate.

If you don’t have a Will in place when you die, your wishes for “who gets what” will not be considered. Your estate will be handled according to a set of pre-established intestacy rules established by the courts of New Brunswick. Read More…

Planning For The Different Phases Of Life

April 20, 2018

I’m pretty sure my wife and I are going through a phase. It’s our “new grandparent phase”. It’s characterized by a level of generosity with our grandchild that our children never enjoyed. Even during our “ATM phase” when our children saw us as nothing more than their personal banking machines, it didn’t seem this expensive.

We all go through many phases in life. For example, as people enter their “late career, pre-retirement phase” it’s natural to see the amount being donated to charities increasing.

You may be in your “retirement phase”. If so, it’s time to give some thought as to whether or not you would like to leave a significant gift to your favourite charitable organizations upon your passing. If so, there are a few ways you can accomplish your goals. Read More…