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 About Us I am a volunteer board member for the McMaster Alumni Association Finance Committee and on occasion have written a Financial column for Hamilton Mountain SNAP Magazine. I write Blog articles that I send to my clients covering a wide range of topics including tax savings and changes, investments, insurance, budgeting, saving, debt reduction, changes to government programs etc. Send me a note using Contact Us page and I will add you to the list.
I am very flexible when it comes to when and where I meet with my clients. We can meet in one of the four offices listed under locations, your home or your office. I will schedule meetings for evenings and weekends if required to accommodate your schedule.
Links:
For more information about: Contact : Cell: 905-512-2311 Home: 905-388-0792 Office: 905-627-2537 Fax: 905-538-3058
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Current Market Conditions Advice As
long as there have been stock markets there have been stock price
corrections and recessions. They are a natural part of the business
cycle and each time they occur it seems like the end of the world. What
you do and how you react to them is dependent on many factors,
including your age (how far from retirement you are), your short and long term investing goals and most important your real risk tolerance. Many clients will indicate they have a high risk tolerance
and can handle a 20-30% drop in the markets (in order to achieve higher
long-term growth rates, however, when it actually happens, as we have
seen recently, they panic and want to sell. This is always a bad idea.
Statistics show that selling when losses are high just locks them into
place. Inevitably, when the markets recover, clients wait too long to
re-invest and miss much of the recovery in stock prices.
If you don't have the stomach for these market gyrations, we can talk about the wide range of investments that guarantee either income or principle. These types of products are popular with clients approaching retirement age who want to preserve capital and ensure a dependable income stream. If you are young
or have a longer investing time horizon (20+ years), keep adding money
on a monthly or biweekly basis (dollar cost averaging) and take
advantage of lower stock prices that occur during a correction (buy
low, sell high). Let your advisor help you pick an investment strategy
and stick to it. I prefer using a balanced approach. Risks are reduced by investing in a range of asset classes and geographic locations.
The portfolio can be rebalanced or modified over time to reflect
changes in your age, investment requirements and amount of capital you
have accumulated.
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Locations: 2 King St W, Suite 2 Dundas, ON (Assistant Janet, 905-627-2537) Suite 203 Golf Links Centre 34 Stone Church Road W Ancaster, ON 66 King Street East, Suite 101 Stoney Creek ON Home Office: 608 Upper Sherman Ave Hamilton, ON
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