Have you heard of the Canadian Consumer Tax Index which tracks the tax rate the average family pays? The total tax bill for Canadian families has now grown to 42.3% of income in 2024vs 33.5% in 1961. The Canadian Consumer Tax Index Chart* indicates: Total taxes have increased 2,784% Family income has increased 2,186% The Consumer Price Index increased 927% Your...Read More
“It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.” ~ Warren Buffett We came across surprising statistics regarding day trading. Did you know that only 1% of traders are profitable? Moreover, 60% quit after one month, and 80% quit within two years. Scientific research indicates sucessfull investors tend to invest...Read More
We want you to alert you to a fraudulent website scam costing Canadians their savings: Spoofing! “Spoofed” websites look like the real thing but they are fake! This scam is so dangerous because criminals carefully imitate trusted websites in order to empty victims’ bank accounts. By clicking on a link in a text or email link – or even performing...Read More
When you work with a financial advisor you need to know what services you may expect. We designed our advisory service to provide you with personalized investment advise. Accordingly, our professionals are always available to meet with you. We created our team’s website and we send out regular emails to keep you up-to-date on matters...Read More
Ethics are of vital importance, especially in the investment industry. Our CommonWealth team of professionals uphold the highest ethical standards as we manage your money. We maintain our independence so we can provide you with objective investment recommendations. In fact, we personally invest our money alongside yours in the same funds we recommend to our clients, showing...Read More
A financial advisor’s primary responsibility is to help you clarify and achieve your financial goals. Unfortunately, hearing once a year from an advisor is standard practice. However, regular communication with your advisor is vital to ensure your investment plan continues to serve you best. The information you provide is necessary to properly take care of...Read More
The Warren Buffett Stock Market Indicator measures if the stock market is too high or low by simply comparing its total dollar value to the total dollar value of the U.S. economy (GDP). Currently, this indicator, which is Mr. Buffett’s favourite, is two standard deviations above average showing that the stock market is expensive relative...Read More
We think now is a good time to speak to people individually to provide an update of our investment thinking going forward. Recently, some indicators we watch, such as the Warren Buffet Market Indicator, have signalled it may be time for investors to pay closer attention to financial markets. During these uncertain times we would...Read More
Budgeting can be easy. Here is an article from the David Ramsey organization with an online budget resource for you. There are many reasons to budget or to “tell your money where to go.” In our opinion, achieving financial peace of mind is at the top of the list. https://www.ramseysolutions.com/budgeting/why-budgeting-is-right-for-you?srsltid=AfmBOoo7W8yr_jIoAKsndEyt8b0nE9UCw426QmnT0nJ4wgdnWhLUUgaERead More
Odds of making money in the stock market since 1926 (S&P 500) 1-Day1-Week1-Month1-Year3-Years5-years10-years15-years54%57%62%74%83%88%94%100% In an article for the Motley Fool on January 1, 2024, Anthony Di Pizio encourages investors in the stock market (S&P500) to hold on for at least 10 years. Even if someone invests at the top of the market, the longer they...Read More
