Edward Jones
201 - 22971 Dewdney Trunk Road V2X 3K8 Maple Ridge, BC, Canada

This has been long awaited

One of the many reasons why financial professions aren’t supposed to get recommendations without first understanding your specific situation

Special valentines themed donuts for the kids tomorrow

RRSP season is here. Our most recent Edward Jones survey looks at how Canadians are thinking about the ways in which they invest - and, ultimately, if an RRSP is right for them. While RRSPs were traditionally where Canadians chose to invest for retirement, it's clear that alternative devices are on the rise. Does this sound like you? Everyone is different, and there’s no one-size-fits-all approach. If you're not already having these conversations about what’s right for you ...with your advisor, it’s never too late to start! DM me and I'd be happy to offer you a second opinion -- a fresh look -- with no commitment. You can read more about the study here [EDJ2021]:

Do you know if you’ll have enough money saved for retirement? Less than half of working investors can tell you. Use this financial calculator to make an estimate of how much you’ll need. I can help you stay on track.[EDJ2021]

From hands-on accounts that put you in control, to choices with built-in guidance, the decision of how to work with us is yours. Take a look. [EDJ2020]

BNI Business Networking meeting this morning. If you are looking to grow your business we are still looking for an estate lawyer, painter and personal trainer.

Many people have investments, but few have clarity. The most valuable thing I can provide is a sense of clarity around your current financial situation. Then upon clarifying your financial goals we can develop a personalized financial strategy. -Retirement Income Strategy... -Saving for Home Purchase -Saving for Education -Estate Planning -Preparing for the Unexpected -Business Succession Planning If you lack clarity on any of these or want to discuss your unique financial goals further, let’s talk! 604.466.1279 [email protected]

As far as I am concerned gridlock in the government is a good thing. With the Republicans likely to keep the Senate, significant tail risk is removed.

Evening cardio and some reading on rent price controls The more I read and study economics the more I agree with the with key distinction that economics is the study of human action (credit Ludwig Von Mises). I also find Economics in One Lesson a vital resource in differentiating between the seen and the unseen. Speaking of the unseen impacts of economic policies and actors. Prior to applying an investment philosophy, one must have an understanding of economics and the real world and capital markets function.

Exciting News!! Please save the following date: **Wednesday, September 17 @ 7 PM**... I will be presenting a timely and informative virtual seminar: "COVID-19: Three Reasons to Revisit Your Financial Strategy Now" The seminar will include: 1. Estate considerations 2. How real estate fits into your financial strategy 3. Tips on how to balance debt and investing priorities As we emerge and enter various stages of recovery across Canada, we recognize that what is important to us may have changed. Whether you are preparing for or living in retirement, we will discuss these three reasons to revisit your financial strategy now. Call 604.466.1279 or email [email protected] to RSVP and receive webinar details. You can also visit our branch website to fill out the RSVP form: https://lnkd.in/gbtT3KR *See Agenda Below

Star watching with the little ones last night. It’s important to enjoy the present while preparing for the future. Making memories is an important part of enjoying the process

Refreshing Thanksgiving long-weekend, ready to get back to work serving my incredible clients.

Saturday’s are for meetings, reading and treating with the little ones. Morning Zoom meeting, in-person meeting (yes, we are open for in-person meetings) and catching up on market, economic and planning reading. Our family has a tradition of donuts for breakfast on Sunday and last Saturday I took the kids to Krispy Kreme for the first time. They were mesmerized by the conveyor of donuts.

Just a friendly reminder that I am available to create or review your financial strategy at any time. You can schedule an appointment with me at any time to start discussing how your money can be put to better use, for you.

Saturday is for study, reading and planning for the week ahead.

Although my office is in Maple Ridge, I have the privilege of serving clients anywhere from Vancouver Island, Downtown Vancouver to the Okanagan. One of my favourite components of having clients across BC is that I get to enjoy the beauty of our province as I serve them.

In the office for a Saturday meeting, nice to be able to accommodate the busy lives of my clients and make it a little bit easier for them to take care of what’s important.

Let's Talk about Risk Again... What is the difference between investment, speculation and gambling? "Speculation is an effort probably unsuccessful to turn a little money into a lot. Investment is an effort which should be successful to prevent a lot of money becoming a little." - E. Chancellor... "Gambling involves the deliberate creation of new risk for the sake of diversion. Speculation involves the assumption of the inevitable risk of the capitalist process.... a gambler bets on a horse thus creating a new risk, when an individual buys shares it is simply a transfer of existing risk." - E. Chancellor **"Investment requires a margin of safety so that the value of the principle is maintained even in unforeseen, adverse conditions." - E. Chancellor** Are you working with an advisor who understands the differences, if not let's talk. Request a meeting: https://lnkd.in/dkp2rTY or Ask a Question: https://lnkd.in/djxxVRr

Let's Talk About Risk... Working with business owners on a daily basis, I understand that you perceive risk differently. I have yet to meet a business owner who did not build their wealth without taking significant risk. You see risk as opportunity, looking to charge forward when others run away. It is this courage of conviction, when applied to the right opportunity leads to massive wealth creation. My primary goal in working with business owners is to assist them in beginn...ing the psychological shift from the mentality it takes to build wealth to the one necessary to preserve wealth. This means looking at all of the avenues to improve tax-efficiency, reviewing estate planning opportunities, beginning to diversify across asset classes (this also coincides with utilizing tax-advantaged investment accounts and holdco's). I can also help you better understand the value of your business and how that will impact your future goals. If you have worked hard to build your business and want to ensure you preserve the wealth you have created, I would be glad to have a conversation and learn more about your journey and the next milestones you want to reach. To start the conversation (click below): https://lnkd.in/dkp2rTY

In order to build wealth you have to understand and practice timeless principles. We don't give our children an allowance, instead we want them to understand that you get money through "working hard". This means giving them the opportunity to do age-appropriate tasks and rewarding them through providing appropriate compensation. I recently took my daughter to the store to spend some of her hard earned money. As she looked a various toys and I would tell her if she had enoug...h money or not to get them. If she didn't have enough money, I would explain that she could wait and save up and then come back and get the toy. I explained if she spent her money then it would take longer for her to save up to get a bigger toy. Once she finally decided upon getting stickers, I asked her one critical question. "How do you get more money", to my great joy she replied "work hard". Delayed gratification is just one of the many principles you must practice if you want to build and preserve wealth.

Once viewed as an end to work and an opportunity to wind down, retirement is increasingly becoming a time of new choices, new freedoms, new purpose and new challenges. Retirement is changing. Learn how here.

Exciting to see the NBA back in action (especially as a Lakers fan). Also being the advocate of liberty and free enterprise I can’t help but make a few observations of how the NBA apart from government intervention adapted to an unprecedented situation. The NBA was never mandated to stop, but rather the leadership of the organization assessed the risk/reward of continuing the season and decided to pause. They didn’t immediately cancel the season, but instead upon waiting fo...r more data to be available, assessed all of the available options. They compared the cost (in loss of revenue) of stopping the season with the cost of creating an environment in which the season could be finished (TV contracts fulfilled and avoiding the loss of said revenue). They came up with an incredible solution of renting out part of a major theme park and bringing the teams in contention for the playoffs to a controlled environment. The NBA even created protocols to deal with emergencies should players have to leave the bubble in order to assess the appropriate amount of time for quarantine, in order to protect the season and ensure safety of athletes. A phenomenal example of how the free market works, individuals, businesses and entrepreneurs are able to innovate and adapt to survive and thrive.

It’s not too late to get back on track with your investments if you feel like you’ve lost your way. It may be a good idea to consider investing in both stocks and bonds because it can help stabilize your returns even during times of extreme market volatility. Contact me to discuss.

Needless to say the kids had a good time at Sun Peaks on our mini vacation

Your kids aren’t the only ones learning differently this year. Here are the lessons that investors like you can learn from the bond market:

Looking to save for your child’s education but not sure where to start? Contact me today to learn the ins and outs of contributing to an RESP.

If you invest in the index for diversification purposes you may be surprised that the top five stock in the S&P500 now represent 22% of the market weight of the entire index. One of the many reasons it is important to constantly monitor and assess your portfolio to ensure it stays align with your goals and comfort level with risk.

Where are you on your financial journey? The first step to building a financial strategy is to understand where you are today. Take this short quiz to get started.

As a supply side advocate with regards to economics it is important to not allow my ideology to overtake the recommendations I make to clients, including: security selection, asset allocation, retirement income planning and portfolio construction of my clients. As a student of economics, I see the value of having an academically rigorous perspective but also applying it to the world we live in vs. being overly idealistic. One consistent misapplication I see from supply siders is an overly aggressive application of economic ideology in opposing fiat currency, fear of inflation (leading to running to certain non-cash flow generative commodities) or fear of rising P/E rations without regard for the current economic climate, dramatic interest rate reduction and the sophistication of central bank policies.

The perfect combination for some Saturday afternoon reading. Today’s focus is retirement withdrawal rates and dynamic retirement spending adjustments.

As a business owner you may already know this and be living through it, but the Canadian Fiscal Snapshot confirmed it -- the impact of COVID-19 on business owners is staggering. In May alone, 43% of self-employed workers worked less than half of their usual hours. I can help you create a financial strategy, so you can focus on your business and serving your customers. Check out our Business Owner's Guide to Survive and Thrive. I'm just a phone call or comment away if you want to chat.

What is the DJIA (Dow Jones Industrial Average)? "Charles Dow, one of the founders of Dow Jones & Co - the company that also publishes the Wall Street Journal - created the Dow Jones averages in the late nineteenth century. On February 16, 1885, he began publishing a daily average of 12 stocks (10 railroads and 2 industrials) that represented active and highly capitalized stocks. Four years later, Dow published a daily average based on 20 stocks - 18 railroads and 2 industrials" - J. Siegel The DJIA has continued to evolve to reflect the economy at large and thus is most commonly referred to as "the market" today.