top of page
Search

Avoid Cookie Cutter Approach to Investment

Writer: Carol PlaisierCarol Plaisier

Have you ever heard either of the following? Typically, if you withdraw no more than 4% annually from your portfolio, you will never run out of money; Typically, 100 minus your age is the percentage you want to have in stocks, with the balance in bonds and cash. Rules of thumb and general categorizations are easy to make regarding your investments, but your actual portfolio could easily be a far cry from a ‘cookie cutter’ approach to investment advice.

There is a myriad of investment options, many of which may not be suitable for you; you may be strictly a GIC investor, but you deserve calls on your maturities, be offered best rates, follow a strategy regarding future interest rates, expenses and your cash flow. You may be strictly a hands off investor and leave the decision making until the last minute or to someone else. You may choose not to follow your investments closely because you have other priorities, such as family, sports, hobbies or work.


Are you aware of the impact of interest to your tax bill, compared to dividends or capital gains? Choosing investments that complement your income situation; by avoiding government claw backs, offsetting capital losses from previous years or allowing you to keep more of your income in your pocket instead of Revenue Canada makes sense.


Whether you are a novice investor, or have extensive investment experience, I plan to give you a few things to think about in the coming months. I will talk about different types of investments, management styles, risk levels and other aspects of financial planning. I have been in the financial services industry for 25 years and hold my CFP (Certified Financial Planner), FMA (Financial Management Advisor) and AMP (Accredited Mortgage Professional) designations.


Together, we will tackle questions, issues and solutions that affect our lifestyles, day to day living, current or future retirement. Financial planning is not selling products; it is looking after you. Everyone has different goals, different resources from which to draw upon, and their own idea of a comfortable lifestyle. We will answer the question - How financially fit are you?

 
 
 

Comments


CIPF_ENG_Member.png
CIRO_Regulated_Dark.png
  • Facebook
  • Twitter
  • LinkedIn

Important Disclosures

 

iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. iA Private Wealth is a trademark and a business name under which iA Private Wealth Inc. operates.

This is not an official website or publication of iA Private Wealth and the information and opinions contained herein do not necessarily reflect the opinion of iA Private Wealth. The particulars contained on this website were obtained from various sources which are believed to be reliable, but no representation or warranty, express or implied, is made by iA Private Wealth, its affiliates, employees, agents or any other person as to its accuracy, completeness or correctness. Furthermore, this website is provided for information purposes only and is not construed as an offer or solicitation for the sale or purchase of securities. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where they are registered.

 

Products and services provided by third parties, including by way of referral, are fully independent of those provided by iA Private Wealth Inc.  Products offered directly through iA Private Wealth Inc. are covered by the Canadian Investor Protection Fund, subject to exception. iA Private Wealth Inc. does not warrant the quality, reliability or accuracy of the products or services of third parties. Please speak to your advisor if you have any questions.

bottom of page