Financial Insight
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Tax Loss Selling: Working with your Spouse

Tax Loss Selling: Working with your Spouse | Financial Insight | Scoop.it
In our previous article we went through the basics of tax loss selling;
however by working with your spouse you may benefit from a few more
strategies.
Astrolabe Financial's insight:

Did you know you could save taxes by transferring investment assets to your spouse?

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Increase Your Business’ Productivity

Increase Your Business’ Productivity | Financial Insight | Scoop.it
If I came into your office and told you I could increase your company’s
bottom line by making it more efficient, you might think I was trying to
sell you a brand new state of the art production line, or maybe some
lightning fast computers that will reduce your load time.

However, what I am proposing may come as a shock to most as it is something
intangible yet it has a drastic impact on your workforce.

The answer: workforce financial literacy.
Astrolabe Financial's insight:

Did You know you could increase your business' productivity by teaching workforce financial skills?

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Retirement Tax Strategies: Maximizing Your Use of the Pension Tax Credit

Retirement Tax Strategies: Maximizing Your Use of the Pension Tax Credit | Financial Insight | Scoop.it
Retirement has arrived.

It is now time to do all of the things you love, from picking up that book
you never had time to read to taking a trip down south to soak up some sun.

It would be nice to have a retirement life where money was never an object,
however to do many of the things we want and to simply uphold the same
lifestyle we had during our working years, money remains a necessity. 
Astrolabe Financial's insight:

Taking your retirement soon? You may be able to save taxes by splitting your pension income with your spouse!

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My First Self Directed Brokerage Account – What You Need to Know

My First Self Directed Brokerage Account – What You Need to Know | Financial Insight | Scoop.it
You have decided to take charge of your finances and open a self-directed
brokerage account. The money is in your account; you open the trading
platform and are ready to build your portfolio! Since the majority of
portfolio managers rarely beat the market, you have decided to use a
passive investment strategy and invest in Exchange Traded Funds (ETF). 
Astrolabe Financial's insight:

Learn the basics to making your first trade!

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Astrolabe Guiding the Way: Youth Futures & Financial Literacy

Astrolabe Guiding the Way: Youth Futures & Financial Literacy | Financial Insight | Scoop.it
Did you know that more than 7 in 10 Canadians are not fully confident their
math and money management skills will help them plan for a secure financial
future? Whether we like it or not, money management skills are essential in
insuring we can uphold a certain standard of living. Surprisingly, there is
a large gap in the educational system in regards to teaching even the
basics of finance: budgeting, savings and debt.
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Why Am I Always Getting the New Guy at the Bank?

Why Am I Always Getting the New Guy at the Bank? | Financial Insight | Scoop.it
One day you decide to walk into your bank to see if your advisor is
working. You were nearby and wanted to ask him a question about your
investments. You walk up to the reception and ask to speak to him. To your
surprise, you are informed that you have been assigned someone new.

 

 
Astrolabe Financial's insight:

Getting the new guy at the bank? There may be a reason for this!

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Fees: You Might Be Losing More Than You Think

Fees: You Might Be Losing More Than You Think | Financial Insight | Scoop.it
Fees, nobody likes them. Everywhere in life these dreaded additional costs
follow us around, from the additional charges on your hydro bill, to
environmental fees when you buy a laptop, and of course the banks hitting
you with a multitude of fees.

When it comes to your investment portfolio your ultimate goal is to grow
your money. However, the costs associated to your choice of investments may
very well be eating away at your potential growth and eroding your chances
of achieving a positive return. Think of fees as a loss on your investment.
Your investments must grow enough during the year to cover this fee just so
you can break even for the year. The higher your investment fees, the
harder it is to grow your money over the long-term.
Astrolabe Financial's insight:
Mutual Fund MER's vs ETF MER's check out the large difference in fees over time!
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What is an Astrolabe?

What is an Astrolabe? | Financial Insight | Scoop.it
For some, the word Astrolabe may be puzzling.

This is not surprising as this incredible little instrument called an
astrolabe was created over 2000 years ago and has long been replaced by new
technologies. 
Astrolabe Financial's insight:

Learn about why we chose the name of our company and what it means.

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Syndicated Mortgage Investments: No Free Lunch

Syndicated Mortgage Investments: No Free Lunch | Financial Insight | Scoop.it
Many of us are familiar with the popular saying; “there’s no such thing as
a free lunch”.  Essentially, to get one thing that we like, we usually have
to give up something else. In finance, the trade-off is between risk and
return. For example, the day to day fluctuations in the value of a stock
are much larger than those of a government bond. Risk is typically
compensated through a higher expected return. The ultimate goal is to have
a portfolio of investments that obtains the best return for the amount of
risk you are taking.
Astrolabe Financial's insight:

Have you ever been solicited for high return "secured" investments? Beware of the risks associated to these securities. 

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Portfolio Asset Allocation Is Like A Well Balanced Diet

Portfolio Asset Allocation Is Like A Well Balanced Diet | Financial Insight | Scoop.it
To have a healthy diet typically requires you to eat a variety of foods
that will allow you to obtain the nutrients necessary to keep your body
functioning at its optimal capacity. It is not without reason that your
parents wanted you to have your vegetables! 

You may be wondering, “Why in the world is he speaking about nutrition? I
thought this was about finance!”

The fact is the concept of a well-balanced investment portfolio closely
mirrors that of a healthy diet.
Astrolabe Financial's insight:

Does your investment portfolio have a side of international exposure? If not, you may be missing out on some satisfying returns!

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You Can Earn Nearly 50,000$ Without Paying Taxes! Let Me Show You How…

You Can Earn Nearly 50,000$ Without Paying Taxes! Let Me Show You How… | Financial Insight | Scoop.it
By reading the title you may have jumped to the conclusion that there must
be some kind of catch and there is no possible “legitimate” way of earning
money without giving some back to the dreaded tax man.

However, there is no catch. You do not have to move to an island in the
south deemed to be a tax haven, nor do you have to break the law!

Many of us have already heard of it, yet we may not be too familiar with
the concept. It goes by the name of the dividend tax credit.
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Government Severance Payments: Keep More Money in your Pocket!

Government Severance Payments: Keep More Money in your Pocket! | Financial Insight | Scoop.it
One of the most common questions I have been asked in the past year by
employees of the Canadian Federal Government is; “what do I do with my
severance pay?”
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Act Now, Your Dreams May be Closer than you Think

Act Now, Your Dreams May be Closer than you Think | Financial Insight | Scoop.it
If I asked you what your dream life would look like, how would you
respond? In concrete terms, what kind of life do you expect to have in 5 or
10 years, or even at retirement? Does the thought of owning a gorgeous
beach house with breathtaking ocean views to escape the cold winter months
invade your mind?
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Year End Tax Tips: Sell Your Losers Now!

Year End Tax Tips: Sell Your Losers Now! | Financial Insight | Scoop.it
You are sitting at your computer reviewing your investment portfolio and
can’t help but notice a few of those energy stocks that took a massive
beating this year. You are at a large loss on a few of them and are
planning on what to do for the coming year.

I am sure we have all heard the old adage “buy low, sell high”. However,
for once, selling low may be to your advantage. Let me explain how this
works…
Astrolabe Financial's insight:

The basics of tax loss selling. Sell you losers for the added tax benefit!

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A New Era for Financial Planning: Fee-Only Advisors

A New Era for Financial Planning: Fee-Only Advisors | Financial Insight | Scoop.it
Did you know that in Canada anyone can call themselves a financial advisor?

 Currently, the sales activities of advisors who sell products such as life
insurance, mutual funds and other securities are regulated by each
province. The title of "financial advisor," however, is not regulated. This
means that anyone regardless of education, experience and level of
financial knowledge can claim to be one.

 If this is the case, then how do you as a consumer go about choosing the
right financial advisor?
Astrolabe Financial's insight:

Fee-only advisors are on the rise! Maybe your next advisor should be an unbiased fee-only planner?

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Short-Term Investment Options: Need the Money Soon?

Short-Term Investment Options: Need the Money Soon? | Financial Insight | Scoop.it
Everyone is looking for a way to make money in the short-term.

The other day a friend of mine was telling me about his meeting at the
bank. He was looking at short-term investment options for a small amount of
money while he looked for a house within the next year. His banker placed
his money in a 6-month non-redeemable GIC at 1%.

If you think this is a good investment option, you may think otherwise
after reading this article.
Astrolabe Financial's insight:

Looking to buy a house or a car in a short while? Here are your short term options.

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Back to School – Saving for your child’s future

Back to School – Saving for your child’s future | Financial Insight | Scoop.it
It’s that time of year again! After a long break filled with endless sunny
days with no homework, no early morning yellow bus and no teachers, your
child finally has to go back to school!

Although post-secondary education may be a long ways away, it is never too
early to start saving. By starting early, you may relieve your children
from the potential burden of carrying large student debt after graduation.
To help you save for this goal the Canadian Government has made a special
type of account available to Canadian families. 
Astrolabe Financial's insight:

Start saving early for your child's education! Check out the may ways the government can help you!

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Diversification is Key - Why You Should Never Put Your Eggs in One Basket

Diversification is Key - Why You Should Never Put Your Eggs in One Basket | Financial Insight | Scoop.it
I am sure we have all heard the expression “you should never put all your
eggs in one basket”. Imagine you have a straw basket. In it, you decided to
throw all the eggs you were going to eat for the week. While carrying it,
you stumble over and drop the basket. In that fleeting moment, all the eggs
you had preciously accumulated were destroyed.
Astrolabe Financial's insight:

You should always diversify! If not, one fall could make you lose everything...

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6 tips for Public Servants to Maximize Your Wealth!

6 tips for Public Servants to Maximize Your Wealth! | Financial Insight | Scoop.it

ney!When building a financial plan it is important to fully analyze an
individual’s income source and benefit arrangements. By doing so, a proper
strategy can be put in place to maximize a person’s wealth and guide them
towards accomplishing their financial goals.

As a public servant, some of the strategies employed can be quite different
when compared to someone working in the private sector. Although the
government’s pension and benefits are typically top of the class there may
be specific ways that government employees can do even more with the money
they receive.

Astrolabe Financial's insight:

Are you a government worker? If so, check out these tips to make the most out of your money!

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RIP Mutual Funds, ETFs are here to Stay

RIP Mutual Funds, ETFs are here to Stay | Financial Insight | Scoop.it
The landscape of the investment industry has drastically changed in the
past decade. If I asked you ten years ago if you knew about Exchange Traded
Funds (ETFs) you would have likely paused and questioned the meaning of the
three letter acronym they are most commonly known by. 
Astrolabe Financial's insight:

Find out the differences between ETF's and mutual funds. You will see why we prefer exchange traded funds!

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Thank You Mister Tax Man

Thank You Mister Tax Man | Financial Insight | Scoop.it
You received your tax return today!

Now, what should you do? That new 3D smart TV would look great in the
living room! Or a trip down South would do wonders in helping you forget
the long arduous winter we’ve just experienced.

Although the urge to spend this sudden windfall today may seem
irresistible, you should take a few breaths and consider options that will
make that money work for you.
Astrolabe Financial's insight:

Use these tips to get the most out of your tax return!

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Understanding Your Pension: Defined Contribution the New Norm?

Understanding Your Pension: Defined Contribution the New Norm? | Financial Insight | Scoop.it
As baby boomers retire, the strain on pension funds has been immense as
they will have to meet increasingly large future liabilities.  Due to this
situation, the past decade has seen a sharp shift towards employers
offering defined contribution plans instead of defined benefit plans.  Why
the big shift? By taking a look at both plans you may notice why employers
have been opting for one over the other.
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My Financial Adviser: Friend or Foe?

My Financial Adviser: Friend or Foe? | Financial Insight | Scoop.it
What qualities do you look for in your financial adviser?

 

When asking a few clients recently, the most common answers mentioned were:
integrity, honesty and accountability. It is no surprise that clients are
inclined to choose an honest adviser. After all, there have been many
scandals in the financial industry from Bernie Madoff to Earl Jones that
have made many investors think twice when choosing an adviser.
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Show Me The Money: Hidden Cameras Investigate Big Bank Financial Advice

Show Me The Money: Hidden Cameras Investigate Big Bank Financial Advice | Financial Insight | Scoop.it
Have you ever wondered if your adviser was acting in your best interest? Do
they have the appropriate background and competencies to be providing you
guidance?
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TFSA VS RRSP… which one should I choose?

TFSA VS RRSP… which one should I choose? | Financial Insight | Scoop.it
Ever since the introduction of the Tax-Free Savings Account (TFSA) there
has been a dilemma for many Canadians; where to place their hard earned
money, in a TFSA or an RRSP (Registered Retirement Savings Plan)? 
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