Get Ready For A Greek Default
By: Allan Schieman Monday, September 12, 2011 It’s starting to look more and more like Greece will default on its debt. A sovereign default like this one would likely throw the financial markets into turmoil and erase trillions of dollars of wealth worldwide. If you haven’t already taken measures to defend your wealth, the time has come to do... [Read more]
Is It Too Late To Buy Gold?
By: Allan Schieman Friday, September 10, 2011 I just got off the telephone with a client who asked me several questions about investing in gold. While I’ve been preaching the importance of including gold in your investment plan for a few years now, I’ve received more question about gold in the last few weeks than I ever have – likely because... [Read more]
Five-Star Tip: Schedule your RRSP/RRIF withdrawals
Many plan administrators charge a withdrawal fee for unscheduled withdrawals from RRSPs and RRIFs but don’t charge a fee for starting, stopping, or changing withdrawal schedules. Schedule your withdrawals with your advisor. You can always change when and how much you withdraw. Read More →
How to Defend Your Nest-Egg With Gold (and Silver)
Here’s a question for you. Would you rather have $100 USD or $100 CDN? If you are trying to think of the exchange rate today, you’re on the right track. At the time of this writing, the exchange rate is 1 CAD = .9345 USD. That means that one U.S. dollar will buy $1.07 Canadian dollars. So today, U.S. dollars are worth a little more. Here are a couple... [Read more]
The Key To Success – Increase Your Financial Knowledge
If you don’t already know what you are doing, you need to learn before managing your own investments. Take courses on invest- ing and read several books on the subject first. This isn’t an activity to be learned as you go along. The potential damage you can do to yourself is catastrophic. Financial planning and investment planning aren’t rocket... [Read more]