By Karin Mizgala, Co-Founder and CEO Money Coaches Canada
Canadians have a reputation for being polite. Maybe that’s why for years we’ve put up with investment fees that were confusing, often hidden, and higher than necessary.
But polite doesn’t necessarily mean passive. Over the past several years, Canadians have demanded more transparency from their financial advisors and financial institutions. And thanks to changes implemented by the Canadian Securities Administrators (CSA) over two years ago, we now have access to more information.
But do you feel better informed?
I meet many people who still wonder if the investment fees they pay are too high, and who question the value of the financial advice they receive but aren’t sure what to do about it or where to turn.
First let’s recap what the CSA has put in place, and then examine how fees impact your finances. Continue reading
By some estimates, over the next 30 years, $50 trillion will transfer from the baby boomer generation to the millennials. The biggest transfer of wealth ever, and that’s just North America. Joel, a baby boomer himself, sees the potential for, in his words, “an economy that serves both people and planet.”
The fall is a natural time to begin looking forward setting financial goals. I know it’s still the middle of August, but the days are already getting shorter, and the colder weather will be upon us. Yes, a little depressing, but think about how much better you will feel if you start thinking about your financial goals before you get consumed with back to school, Halloween and Thanksgiving.
We are just over the half-way point for 2018 – 50% of the year is in the rear-view mirror. How are your financial New Year’s resolutions holding up? Distant memory? If that’s the case, please read on because we can help.
