Everyone should have an up to date will & estate plan. If your estate is simple, its easy to write a basic holograph will or consult with a neighbourhood lawyer. But when you’re wealthy its important to ensure your estate plan considers a complex set of tax rules and supports generational wealth transfer. This post will describe basic best...
If time is money, how would you spend your time when you have unlimited money? What would you do if you won the lottery or your business took off and you became wealthy? How would you live your life after you inherit wealth? Many people answer these questions by describing the ways they would spend the money from their lottery winnings,...
What can private foundations invest in? There are many different rules governing how private foundations can invest their capital. So, this post describes some of the basic principles that might guide a foundation’s investment strategy.
The purpose of wealth is not for buying things, the purpose of wealth is for buying time. When you have financial freedom, how will you spend your time?
Financial failure stalks wealthy families because most don’t have a wealth management process designed to protect their capital. This post describes a way of thinking that will protect your wealth and generate income from your investments to support your lifestyle.
This post describes three common investing biases and how to overcome them. Overconfidence Bias, Loss Aversion Bias, and Confirmation Bias are each discussed. Overcoming these common investing biases will greatly improve your portfolio’s performance and help you gain more consistent returns that meet your objectives.
Active investors attempt to outperform the returns of a benchmark by applying an investing strategy. Passive investors simply mirror the returns of a benchmark by using low cost index funds. This post will briefly compare active vs passive investing approaches. Active investing aims to beat the market whereas passive investing aims to track the market. Passive investing was made possible by...
Should you invest in private companies or public stocks? Since there are many differences between public and private investments this post will discuss their unique features and how those attributes are used by different types of investors. Over the past several decades, investors have been shifting their focus from public company investments to private investments on a broad scale. While...
This post will describe some key governance and documentation strategies to consider when planning for the succession of your Canadian private charitable foundation.
Private foundation governance is an important topic for families with multi-generational wealth. This post describes what a private foundation is and how responsibility can be transitioned to next generation family members.
