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 the fundamentals of successful investing. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice right away.
Today’s tip: “Stock portfolio turnover costs money, so buy investments that you might want to hold on to indefinitely.”
Investors often wonder how often they should sell investments they own and buy new ones....
Today’s tip: “Stock portfolio turnover costs money, so buy investments that you might want to hold on to indefinitely.”
Investors often wonder how often they should sell investments they own and buy new ones....
It’s hard to believe it’s already been a year since we launched TSI Network. When we flicked the switch in June 2009, after months of hard work, the web site already contained a wealth of investment information and stock advice — over 2,000 individual articles, in fact. TSI Network is built on the strengths of our four newsletters: Canadian Wealth Advisor, Stock Pickers Digest, The Successful Investor and Wall Street Stock Forecaster. The site has come a long way in its first year. Its online investment library now contains more than 5,000 articles on stock advice and investment strategy. Plus, we’ve further expanded the information and stock advice you get on the site by adding new free reports and features, such as our “Investor Toolkit” series of Daily Updates. Every Wednesday, these articles give you a fundamental piece of stock advice and show you how you can put it into practice right away....
One of our Successful Investor Wealth Management clients recently turned 70, and he wonders what effect this should have on his portfolio management. He now has 85% of his portfolio in stocks, 15% in short-term T-bills and zero in long-term bonds and other long-term fixed-return investments.
This Successful Investor Wealth Management client has a pension that provides most of the cash flow he needs....
This Successful Investor Wealth Management client has a pension that provides most of the cash flow he needs....
Members of our Inner Circle service often ask for our portfolio investing advice on stocks they are thinking of buying that we don’t cover in our newsletters. These companies range from the most speculative penny mines to large multinational corporations.
Many of these stocks fall into a grey area....
Many of these stocks fall into a grey area....
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 investing. Each Investor Toolkit update gives you a new fundamental tip and shows you how you can put it into practice right away. Today’s tip: “Time spent finding a good stock broker can be an excellent investment.” Investors often ask us to refer them to a good full-service stock broker. Stock brokers are now more commonly referred to as “investment advisors.” But good stock brokers or investment advisors have always been hard to find. We mainly only hear about them after they’ve retired, when investors complain about the bad brokers who have taken over their accounts....
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 investment advice on the fundamentals of successful investing. Each Investor Toolkit update gives you a new piece of investment advice and shows you how you can put it into practice right away....
The results are in and they couldn’t be clearer: The Successful Investor is Canada’s top investment advisory. That’s according to a recent analysis by the U.S.-based Hulbert Financial Digest, which is generally thought of as the bible of investment newsletter performance measurement. According to Hulbert, The Successful Investor outperformed all other Canadian newsletters over the past 5 years — and ranked fifth among all 140 newsletters that Hulbert tracks. Hulbert has been following The Successful Investor since 2002....
There’s no limit to the range of investment questions that members of Pat McKeough’s Inner Circle get to ask me and my investment associates.
Many members ask us about specific investments (such as stocks, exchange-traded funds and income trusts), that they are thinking of buying or selling....
Many members ask us about specific investments (such as stocks, exchange-traded funds and income trusts), that they are thinking of buying or selling....
It always pays to be skeptical when a company claims to have a have a revolutionary new invention or technology. That’s because, when you invest based on company marketing claims, you risk becoming too focused on the innovation and failing to look at the stock’s fundamentals, such as p/e ratios and other measures of value and risk. Sound-bite-based investing also ignores (or glosses over) a company’s industry position and the conditions within its particular market.
Many investors ignored the risks of solar-power stocks
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Here are four common mistakes investors make when buying (or selling) stocks. By avoiding them, you stand a better chance of improving your returns — and cutting risk — in your stock portfolio:
1. Failing to take a broad view: When making investment decisions, it pays to take a wide range of relevant facts — positive and negative — into account....
1. Failing to take a broad view: When making investment decisions, it pays to take a wide range of relevant facts — positive and negative — into account....