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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…
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Time is Money (and how to spend it)
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…
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What Can Private Foundations Invest In?
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. Steward the Endowment One of…
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How Do You Use Your Wealth?
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?
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Never Spend Money Before You Have It
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.…
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3 Common Investing Biases and How to Overcome Them
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…
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Active vs Passive Investing
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.…
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Public vs Private Investments
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…
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Succession Planning for Family Foundations
This post will describe some key governance and documentation strategies to consider when planning for the succession of your Canadian private charitable foundation.
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Private Foundation Governance
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. Legal Definitions Private foundations can issue tax receipts for…