JKR Financial Group
76 Walnut Street South L8N 2L3 Hamilton, ON, Canada

HOW and WHO Does a CGF Solve Problems For? My 3 findings. 1. A Charitable Giving Fund (CGF) solves a TAX problem. Those who have sold a business or other appreciated asset may be able to benefit from a CGF.... 2. A CGF solves a LEGACY problem. Having no children is increasing in the population percentage. A Donor Advised Fund (DAF) can solve a legacy problem for those with or without children. 3. A CGF can also solve a CREATIVITY problem. During regular annual, or quarterly, planning meetings opportunities to use a CGF may present themselves. For more information on solutions to being a hero to those you love, you can contact us at 905-777-1117 or [email protected].

The Stats - Charitable Giving Trends The average Canadian donates over $500 a year. Personally I feel it is important to identify, or know, the trends and to have an idea of the value that can be provided. 52% of donors are 55 years of age or older.... 10% of Canadians will leave bequests to charities, approximately 12% of their estates. An interesting statistic is that Canadians, on average, donate 0.53% of their income. The Canadian average income is $52,600. The higher the income, the higher the percentage donated to charities. 65% of Investors earning $250,000+, donate 1.65%. A solution to one time donations may be using ongoing grants from a DAF (Donor Advised Fund) under your control. JKR Financial Group, providing charitable giving solutions.

The Solutions a Charitable Giving Fund Provides This is a brief overview of the Why behind using a Charitable Giving Fund (CGF). To be honest, I didn't understand what a CGF was when I first heard of it.... CGF is short for Charitable Giving Fund. It provides solutions for someone who wants control over the charitable contributions they make each year versus giving a large lump sum all at once. DAF stands for Donor Advised Funds. A CGF is a DAF. The Donor may grant money each year to the charity or charities they choose. The why of this investment vehicle, is to allow the donor to have an ongoing impact on the charity or charities they choose that year and into the future. This is a great fit for someone with a large unrealized capital gain on a security or real asset. I view the CGF/DAF as a vehicle similar to an Endowment Fund. The CGF is to be Invested and managed over a long time period.

I have to admit as a financial planner, up until a couple years ago I did not know what a Charitable Giving Fund was or the solutions it provided. Over the next couple weeks I plan to share on this page my ‘Financial Reconnaissance’. As always feedback is valued. With this series we will provide you with the latest available way of having an Impact through charitable giving and provide value by having a resource for your Financial Planning.... 1. HOW a CGF works & WHY a DAF. My admission of not knowing. 2. WHAT are the STATS, is there a better option than one-time donations. 3. WHO tends to own a DAF, and who is a good fit? 4. TAXES and being a hero to your accountant. 5. My Project and Recce. JKR Financial Foundation 6. Resources used to build your solution. SNAP & Mackenzie 7. Q& A Please interact, I will share questions and the answers.

Having contingencies in your Funancial Plan, I believe, leads to a higher success probability in reaching your investment goals. The act of Planning leads to creating those contingencies. Life can be smooth and life can be a battle. Is the value in the Planning? ... ‘In preparing for battle I have always found that plans are useless, but planning is indispensable’ Dwight Eisenhower

When I look at this chart I can only think of one company. Zoom

That unfair advantage that comes later in the business world, maybe developed from where you went to school.

Veteran leadership traits. Jocko Podcast #244 I wanted to share my notes from a retired, Navy Seal’s podcast, on business leadership. His company is called Echelon Front.... Title - Don’t do it alone. How to build a winning team. When you are looking for, or researching a Financial Planner/Investment Advisor, you are looking for talent. The 244th episode of the Jocko Podcast promotes using veterans, especially those who have worked in small teams for leadership roles in the civilian world. I find that the financial planning and investment verticals make a great use of skills learned in the military. Did you know that companies such as Johnson and Johnson, FedEx, 7/11, and Bridgewater, are veteran run. My experience in the financial world has found that, the trait of likability, has a high importance, and yet ironically is not ranked in the 9 important traits or characteristics of a good leader. Characteristics of a a good leader: 1.Drive - the unrelenting need for achievement and self improvement. 2.Resiliency - the ability to persevere in the face of challenges and bounce back from setbacks. 3.Adaptability - the ability to adjust according to the situation, learn new things, innovate and try new methods. 4.Humility - self confidence in one’s ability while understanding there is always room for self improvement and that offers experiences and knowledge are valuable. 5.Integrity - an adherence to not only what is legal but also what is right. 6.Effective Intelligence - the ability to apply one’s knowledge to real world scenarios. 7.Team Ability - the ability to function as part of a team placing the success of the whole, above the needs of the self. 8.Curiosity - a desire to explore the unknown and question the status quo in pursuit of better more effective solutions. 9.Emotional Strength - a positive attitude, high empathy and control over one’s own emotions, especially in chaotic and stressful situations. We may be a little different, and not always likeable, however if we focus on traits 1 thru 9, I think that will lead to success in planning and investing. If you are interested in learning more or becoming a client please feel free to contact us.

Today was a great day at Greystone for making connections for the team. Thank you True Patriot Love Foundation for the opportunity. Sometimes your past service helps you get in the door. . #charitablegiving #financialPlanning #dirtyPatricia #CFP

Catching up from last week. Casual Friday at Walnut Street.

Today the #remoteOffice received an aroma upgrade with fresh cedar mulch from Mapleridge Landscapes

The chart below is a record of what just happened year to date in the investment world. In Canada the information in this table influenced how you, or your investment professional invested in RRSPs, TFSAs or Open money. During a crisis having a contingency plan that was built beforehand helps to take advantage of opportunities presently available.... I believe safety and growth of investments comes from proper research and experience. (I will save you all from stating the Armys 5 Ps of Proper Planning)

I think we as a species are always evolving. As a professional in the investment world my job is to provide financial advice. I find big advancements look obscure and confusing in the beginning, however become obvious later. How will space travel effect or evolve the current economy?

We spend a lot of time researching China, however I think India is a quiet giant.

Who will be the Amazon in 2030?

Good news or bad news, when managing money I want the data. Learn for the next cycle

My level of training side loves this data. As you recce this data do you follow the trend or look for opportunity in smaller companies?

Fear and greed, I find are the biggest obstacles in the history of investing. When its going down we think its never going to stop. History says different. Timing is hard.

A quote I hear quite often when working with other financial planners is, the TFSA is the investment structure you take money from last How are the TFSA limits calculated? I have attached the chart below to show the indexing factor and also the limits we have currently.

Being responsible for making investment decisions, I believe requires having accurate economic information. I originally only wanted to show the graphs summarizing the information, however this is the complete article. (I still prefer the charts) As I live in Canada I find it interesting that we are #1 in government aid. Now the mission is to solve the effect that this will have both short and long term on all investment sectors.... Enjoy the data. Government vs Employer Aid Canada leads the group when it comes to unemployment benefits. In converse, the countries who had the lowest unemployment benefits, had the highest aid coming by way of the employer. https://www.brookings.edu//the-effects-of-covid-19-on-int/

Take the time to plan vs winging it.

The power of an iPhone, Zoom and Facebook to get out your message. Independent Financial Planning. #collaboration

This is where we spent our money in the first month of a lockdown. Some are surprises and others to me indicate a change in the future economy. I believe independent professional advice gives you an advantage over the old brick and mortar institutions. #financialRecce

The office has a new plant. We transplanted this from a bigger plant. Businesses helping other businesses. Thank you Maddy ECO Physiotherapy

The Next Cycle Blueprint Our goal is; 1. To have a plan and 2. To communicate that plan to our clients on how we will manage their investments through and after this crisis. The vision is to regain any losses and continue to grow the investments through the next investment cycle. We will update every Financial Plan individually. Also to share the JKR Financial Group Facebook page as our information archive. ...Continue reading

In Case You Missed It Canadas COVID-19 Economic Response Plan Important Announcement On March 18, 2020, Prime Minister Trudeau announced a new set of economic measures aimed at stabilizing the economy during the COVID-19 outbreak. The measures provide up to $27 billion in direct support to Canadian workers and businesses and $55 billion in estimated tax deferrals. A comprehensive summary follows but some of the highlights include: ...Continue reading

With schools being closed and many families working from home, I wanted to share some resources/ideas that might be helpful. And a meme at the end to keep it all sane. ... * Code Break (Computer Science) * They host a weekly Code Break, an interactive webcast to engage all students, even those without computers. * KiwiCompany * KiwiCopany has put together a great resource hub for activities. Organized by age and comes with parent toolkits and updated daily. * Audible * Audible is offering free children's books. * Khan Academy * Khan Academy is offering free resources to keep everyone learning for students, teachers, and parents. * Google Street View Get an up close view of the world * With Google Street View, you can visit famous sites and monuments. For example Romes Colosseum, the Kohala Coast in Hawaii, or the inside of Palace of Versailles in France. * Google Maps' Virtual Treks take you climbing to Everest Base Camp in Nepal to diving in the Galapagos Islands of Peru to searching for polar bears in Churchill, Manitoba. * Google Arts & Culture Take a virtual museum tour * Google Arts & Culture gives you access to the worlds best galleries and museums. * Free online tours of the British Museum, The Louvre, The Smithsonian and The Vatican, * The Virtual Museum of Canada has a large digital source of stories and experiences shared by Canadas museums and heritage organizations. You can even see iconic art pieces up close. * Cook Meals From Around the World * Take online classes with Nonna Live, where you'll learn to make classics from an Italian grandma. * Free lessons from Delish.com with daily cooking videos for parents and children, and Kitchen Quarantine, Instagram lessons from Michelin-starred chef Massimo Bottura. * Duolingo Learn a new language * Duolingo allows you to spend just a few minutes a day learning a foreign language, in a fun game style. Its free and theres even an app for kids. You could also have a go at a new hobby. * Visit a Virtual Zoo or Aquarium * Visit Ripley's Aquarium of Canada in Toronto to keep an eye on the sharks. * The San Diego Zoo is livestreaming a number of animals on its website, including koalas, pandas, giraffes and polar bears. * You can also bring exotic animals like snow leopards into your living room with a selection of live video streams from Australian Zoos. Stay safe and lets stay connected. And below is something I found in one of my Army Facebook groups.

What is the difference between tactics and a strategy? And why does it matter to you? The Army background in me loves this, as it is about being comfortable in uncomfortable situations. Something you become trained in from the start. This is my take, on the difference between tactics and strategy. ... Tactics are the day to day moves you make to obtain the objective. (Army - Take the building, investor-maximize your RRSP) The strategy is the long term plan. (Army-win the war, investor - Retirement Income or a big one time purchase) In the investment world you may have heard about tactical portfolio managers. Their objective is to grow and protect their clients wealth with tactical moves. What does that look like and why does it matter? Below is an edited communication (the goal is to stay compliant and not advertise investments companies). The tactics of this manager have currently saved wealth for his clients thru tactics. The opposite of this style is passive investing. This is heavily edited. However some key points I am able to show. 55% cash .... Asset Allocation Fund. ....prepared to raise even more cash if this uncertainty continues. Here is the .... Asset Allocation vs S&P500 & MSCI World from the peak on Feb 19th: G.... Asset Allocation: -9.09% MSCI World: -22.63% S&P500: -28.85%

In Case You Missed It Canada's COVID-19 Economic Response Plan Important Announcement On March 18, 2020, Prime Minister Trudeau announced a new set of economic measures aimed at stabilizing the economy during the COVID-19 outbreak. The measures provide up to $27 billion in direct support to Canadian workers and businesses and $55 billion in estimated tax deferrals. A comprehensive summary follows but some of the highlights include: ...Continue reading

My experience from a gold bubble on a PanAm flight in 1980 to COVID 19 in 2020 This is a communication to you and my take on the financial environment. I would like to share my experiences of bear and bull markets, and to draw from my experience of being frontline on a gold bubble in the early 1980s to the current COVID-19 crash. The ideal outcome of this communication is to benefit you, to plan the next cycle....Continue reading

A day to work on the business.

Once a quarter I attend a workshop to work on my business. Building capabilities.

The power of collaboration. Thank you to Steve of Westdale Financial, you always add to the teams capabilities. You can DM if you would like a PDF version of our quarterly update. Financial Planning advice that is independent of the big banks.

A great financial Recce is to see what is happening outside our own borders. https://www.visualcapitalist.com/global-chinese-financing-/

Good day! Please enjoy an interview style podcast that is up today, anywhere you listen to podcasts. I loved being the guest.

Ready to use Monday

The kitchen is getting a cafe style table. This will add a fourth meeting area for the #smallofficespace

Work day! No suit is needed for updating and designing financial plans. What capabilities are you building for 2020?

Sunday for me is a free day, I like to move the body and recharge for the next week. Exercise is a great way to relax the brain. How do I get the routine idea to a real program? I use a tool from a business coaching course I invest in. This helps me capture the idea to share later. I also use this idea filter for keeping business meetings intentional. More to follow on that tool on a business day. Now to test out the exercise routine.

2020 year of the dog friendly office.

The power of collaboration, 5 Financial Plans completed and on their way to their owners. More to follow in 2020, on our specialty, Financial Overwatch.

A new phone camera with a wide screen lens to show off the office meeting and collaboration area. At 700 square feet and no filing cabinets small is the new big (the quote is taken from Seth Godin)

What thing is going to follow the television trend of the past 20 years over the next 20 years?

Friday morning collaboration with Garth Broughton Certified Financial Planner and the teams strategic planning for 2020. The topic: Building a client friendly deliverable that has value.

Framed and hanging by the door until Nov 11 next year. JKR Financial Group we know about service.

A great way to start the week, a team collaboration with Garth. Building capabilities for our clients to benefit from.