Wealth Management
If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.
There are three types of professional wealth management services you can use.
- A full service stock broker - A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
- A discount stock broker - A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
- Portfolio managers - A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.
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Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing, including retirement planning. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice right away. Tip of the week: “Retirement planning calls for realistic calculations.” Suppose you’re 50 and want to retire at 65. You have $200,000 in your RRSP, and expect to add $15,000 yearly for the next 15 years. To determine if this is enough to retire on, you need to make assumptions about investment returns and income needs....
These days, some of the most misleading ads you’ll see concern so-called “model portfolios.” All too many brokers use these model portfolios to build their money management business.
For instance, one recent ad claimed that its model portfolio turned $100,000 in 2000 into more than $1.7 million by 2009....
For instance, one recent ad claimed that its model portfolio turned $100,000 in 2000 into more than $1.7 million by 2009....
Over the past few months, we’ve periodically looked at common mistakes most investors make, and given you our investment advice on how to avoid them. Here are 3 more common errors all investors make from time to time.
- Losing patience. Good chess players never “go for broke,” as the saying goes. Instead, they try to position their pieces so they can profit from the mistakes they expect from opponents who are less talented, less experienced or less patient. Successful investors follow a comparable approach. But the crucial difference is that they have no opponents who can be relied upon to make mistakes. Instead, successful investors try to arrange their portfolios so that they more-or-less automatically tap into the profit and long-term growth that inevitably comes to well-established companies operating in relatively free and stable economies.
- Relying on brokers’ stock-price targets. Investors sometimes ask us why we don’t publish price targets in the investment advice we publish in our investment services and newsletters, including Canadian Wealth Advisor, our newsletter for conservative investing....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you a specific advice on successful investing, including tips on portfolio management. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice right away....
The improving U.S. economy is helping more consumers repay their loans on time. That’s pushing down loan losses at a number of U.S. banks, and improving their profits. However, the outlook for the U.S. banking sector remains uncertain. High unemployment continues to hurt demand for new loans, and the industry faces greater regulations under the Obama administration’s new financial reforms.
Stock investment advice: Diversification is the key to lowering your risk in the U.S. finance sector
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Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on the fundamentals of successful portfolio investing. Each Investor Toolkit update gives you a fundamental portfolio investing tip and shows you how you can put it into practice right away.
Today’s tip: “Base investments on value, not stock price flip-flops”
Stocks go up and down every day....
Today’s tip: “Base investments on value, not stock price flip-flops”
Stocks go up and down every day....
Here at TSI Network, we’re always looking for new ways to interact with our readers. For example, you can get our latest investment advice, and send me your thoughts, through the popular social-networking service Twitter. As well, we’ll soon be launching a Facebook page that will give you even more free information and advice, plus the opportunity to participate in investment-related discussions with us and other investors, as well. To make it even easier for you to share your views on our investment advice, we’ve recently opened TSI Network to comments from visitors. Adding your comments couldn’t be easier: just scroll to the bottom of the article you’d like to comment on and type in your thoughts (you’ll have to log in first). We hope this will create an ongoing discussion that will let the site’s visitors share their own views on our investment advice, and read other visitors’ opinions....
These days, many investors who are approaching retirement worry that their retirement planning won’t generate enough income once they’ve stopped working. (Our Successful Investor Wealth Management clients’ retirement planning goals are always one of our top considerations when we manage their portfolios. Click here to learn more about how you can profit from our portfolio management services.)
4 components of sound retirement planning
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As part of our portfolio management strategy, we put a lot of importance on the amount of goodwill that a company carries as an asset on its balance sheet.
(We provide personal, in-depth portfolio management services to a small group of investors through Successful Investor Wealth Management....
(We provide personal, in-depth portfolio management services to a small group of investors through Successful Investor Wealth Management....
When building your stock portfolio, it’s crucial to follow our advice on downplaying stocks that seem to be near-universally recommended by brokers and are getting a lot of favourable media coverage. That’s because, in investing, familiarity can breed excessive feelings of comfort, security and performance.
(Downplaying stocks in the broker/public relations limelight is part of our three-part investing program....
(Downplaying stocks in the broker/public relations limelight is part of our three-part investing program....