One investment choice, among many options, is share ownership. With the advent of mutual funds and ETFs, some investors may not understand what share ownership represents. In order to explain it, let’s explore a simple example. Let’s imagine a young
I can’t call it a book review, because I didn’t read Shell Shocked: How Canadians Can Invest After The Collapse, by John Stephenson. I only got part way through the introduction before I put it down in disgust. I’ll explain
Not everyone needs an advisor. If you know how much to put toward debt repayment, how much you need to save, and how to invest it, you can go it alone. But if you have no interest in doing the
I’ve gotten a lot of advice in my time. Sometimes it’s irritating, but it’s always a sign that people care. As soon as people give up on you, they stop trying to help you improve. However, there is more than
Risk management means thinking of the worst that could happen, then deciding how to address the risk. Some risks are best avoided, some should be reduced, some should be insured and some should be accepted. Your response depends entirely on your personality.
Some risks that are suitable to being insured are the risk or premature death and disability. You can pay a premium and, if you suffer loss, you can receive a sum of money. This is useful if you have family that depends on you. Planning can help in the case of a premature death or a divorce, in order that your wishes are carried out.
One risk that you would do well to accept is the risk of a drop in the market value of your investments.