Family offices have become increasingly popular in recent years as a way for wealthy families to manage their financial affairs. These private wealth management firms are designed to provide personalized financial services to wealthy families. But what are the right reasons for starting a family office, and what are some of the big mistakes to avoid?
In Ontario, achieving modest wealth is attainable, but it can lead to unexpected challenges. Once material needs are fulfilled, it's easy to become aimless and lack motivation, potentially leading to depression and addiction. Wealthy individuals may face unique challenges finding purpose and meaning in life, such as loss of motivation and lack of connection to the wider community. In this post,...
Investing is a crucial part of building wealth, and it has never been easier to do so. With technology, you can invest in just a few clicks of a button, and with the rise of index funds and ETFs, the barrier to entry for investing in the stock market has lowered significantly. In this blog post, we'll discuss the differences between...
Dividend ETFs are a popular investment option that focus on investing in stocks that pay dividends. These types of ETFs typically include established and profitable companies with a track record of consistent or growing dividends over time. Dividend ETFs can provide investors with a source of income, diversification, stability, and potential for capital appreciation. However, investors should be aware of...
Inflation can be a double-edged sword, affecting borrowers and lenders differently. While inflation can increase the cost of living, it can also have a positive impact on debtors. In this article, we explore two ways that inflation benefits debtors and why taking on debt to protect against inflation may be a wise investment strategy. We also examine how debt makes...
In Canada, an accredited investor is someone who meets certain financial thresholds and is eligible to invest in certain types of private investments that are not available to the public. The rules for qualifying as an accredited investor are established by securities regulators and are designed to ensure that investors have the financial means and knowledge to invest in these...
In our society, there are two concepts that often come up in discussions about economic and social values: capitalism and materialism. Capitalism is an economic system based on private ownership of the means of production, while materialism is a social and philosophical belief system that emphasizes the importance of material possessions and physical comfort over other values. While these concepts are...
Index funds and actively managed portfolios are two of the most popular investment options available to investors. While both have their advantages and disadvantages, index funds have consistently outperformed actively managed portfolios in several key areas. In this blog post, we will explore three ways that index funds beat actively managed portfolios.
There are several ways to invest in and hold gold, each with its own advantages and disadvantages. Here are some of the most common methods: Physical Gold: This involves buying and holding physical gold in the form of coins, bars, or jewelry. One advantage of physical gold is that it is tangible and can be held in your hand. However, this...
Some investors will keep actively managing their investment portfolio no matter how much data suggests they should not. Because, it doesn’t matter what the data says. It matters how we feel. If it makes us feel good to pick a winning stock, or we feel like we can outperform. Its very difficult to change our minds once we believe in...
