As you plan ahead for the new year and reflect back on the last few years, ask yourself is your financial destination on track? Or, has simply another year gone by? Take the steps necessary to get the results you deserve. My team has helped many clients get their financial plans back on track with a well-diversified, productive balance of investments.
You have two options: Do nothing and get the same result. Or, take action this year and get results.
Nothing works better than a focused yet well balanced portfolio of funds:
— a good mix of Canadian, American and global equities
— a nice portion of American and global balance funds
— fixed income funds for safety,
— to offset some market swings, corporate bonds that pay a fixed rate of 9%
— and for some, a little private equity that offers 12% annually.
Depending on your situation, let’s find the right balance that works best for you.
Investing should be done year round but it gets major attention this time of the year. Until the end of February, all RSP contributions can be used to help you pay less tax for 2014. Lowering your taxable income should result in a tax refund and the RSP investment will grow tax free – compound interest, tax-free, with a refund – what an opportunity!
I’m Roger Hamilton, Wealth Broker and authorized Financial Agent for Assumption Life. There’s no refund on lost time.