2 Minutes Know How on Individual Pension Plans (IPP)

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IPP provides a larger contribution room per year than RRSP; the difference is quite significant for members older than 50. Other key features of an Individual Pension Plan are: All contribution amounts paid by the company are tax deductible. Creditor Protection; most RRSP’s are not creditor proof which is of great importance to business owners. […]

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Set your Goals and Objectives

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The Frugal Millionaire by Ravi Sodhi “A goal properly set is halfway reached.” – Zig Ziglar Any journey is almost half complete the second you actually start it. This means making a committed effort to complete it, not just thinking about it! With that being said, putting your long-term life goals or short-term objectives into […]

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Know Where your Money Goes

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The Frugal Millionaire by Ravi Sodhi Have you ever sat down and thought about where your money goes? If you haven’t, that’s okay. I mean why should you. It all seems so simple, right? First, the money enters into your bank account. Next, you use it to purchase coffee, clothes, and cars, etc. You may […]

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How to find a good Financial Advisor

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The Frugal Millionaire by Ravi Sodhi When it comes to finding the right investment advisor or portfolio manager, it’s important to look at both qualitative and quantitative factors. Failing to consider either of the two will result in subpar performance over the long-term. In reality, managing money is more than just being smart. There is […]

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Use Other People’s Brain

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We should always look to benefit from other’s wisdom.  So many of us learned and derived some kind of benefit from the very important Eastern science of yoga. Here, I would like to share one other important aspect of old Hindu philosophy.  Looking for and following a spiritual guru was almost engraved genetically in the […]

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Why Money Managers May Go Obsolete – An Open Letter to My Clients

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Our professional Advisor/Client relationship might just change to lifetime friends after the 30th of November 2017. At this point, the majority of our investments (approximately 50%) are in cash or short-term bonds – which provide no real returns. After analyzing some key facts about the world’s current economic landscape, I have decided to place a […]

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Become a Better Investor These Holidays by Playing Bridge

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Happy Holidays. Here is a pitch to keep your active mind occupied, maybe play some bridge during the holidays while still getting the much needed relaxation you deserve. Sometimes doing nothing is good. Lord Buddha was just sitting beneath a tree when he attained enlightenment. Inactivity, which is sometimes considered to be a synonym for laziness […]

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Three Simple Ways to Destroy Your Family’s Wealth

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We’ve all read hundreds of articles explaining how to make money, but those don’t always work. So I decided to compile a list of the top three ways to ensure you lose all your wealth. Enjoy! 1.   Use Leveraging Leveraging: Borrowing Money Borrow more than 100% of your family’s net worth and invest for future capital gains […]

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US Stock Market Heading for Very Low Average Annualized Returns

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The ratio of Total Market Cap (TMC) to Gross National Product (GNP) is the equation representing Warren Buffett’s “best single measure” to compare Stock Market Valuation at any given time. Higher the Total Market Capitalization in relation to Gross National Product, the stock market is more overvalued. The TMV ratio (Total Market Cap/Gross National Product) […]

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