Monday, 5 November 2018

Market Volatility: Is this time different? - What's On Your Mind? - November 2018 Edition


Doesn’t everyone love a sale?  It seems that we all love to get a discount except when it comes to the stock market.  The Bay has a big sale every fall and people come from all over to get their bargains.  Why should it be any different when it comes to the stock market? 

Is the selloff in the markets really any different than all the other previous ones we have gone through?  During the 2008-09 selloff we saw an exceptional downturn in the markets.  Looking back wouldn’t it have been nice to get some extra money in some of your favourite companies at rock bottom prices before the last decade of increases?
Isn’t saving money what everyone wants?  If this is the case then why do we get so depressed or upset when the market periodically gives us opportunity to purchase stocks at better pricing?

I believe what may be happening is with technology comes the ability to look at our investment statements on a daily basis and any high water mark our investments have been valued at we believe is ours.  Anything below that amount we feel we are suffering a loss.

There will always be up markets just as there will be down markets.  In between those two is the up and down we are experiencing right now.  This is not different.  It will never be different.  What needs to change is our obsession with looking at our accounts on a daily basis and getting emotional.  Trust me this won’t be easy but it will be worth trying to break a habit that have us stressed on a daily basis. 

If you are a trader this advice is not for you.  Traders do need to pay attention practically minute by minute.  Most of us are investing in quality investments for the long term.  We get the break of not needing to check the markets daily unless we are trying to buy more bargains.

Since we know that it is impossible to time the markets on a regular basis we need to just stay the course for the long term and let the markets do what they need to do.  Any short term goal, cash should be on hand so you are not selling into the down market.  Any extra cash you have should be used to take advantage of discounted pricing. 
Remember what you see on your statement or online is not your valuation.  You will not know the true value of your investments until sometime in the future when you sell.  At that point we hope that it is higher than what you see today.  You understand it is not different this time.






Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Insurance products provided through Hollis Insurance Inc.


Tuesday, 16 October 2018

Eccentric or diminished capacity: Is elder abuse going on at home? - What's On Your Mind - October 2018 Edition


As we age, dementia and Alzheimer’s are becoming more common. There may be a lot of reasons it is affecting a greater percentage of people but more importantly it is about recognizing the early stages before it negatively impacts your finances. With privacy restrictions in place at all financial institutions, advisors are limited in protecting your wealth when out of character withdrawals are being requested. These withdrawals could be requested by a relative or another person of influence for a senior with declining mental capacity to make appropriate decisions. You may believe that mom or dad are getting a little eccentric and you chalk it up to old age not realizing there may be an underlying medical problem going on.

What you can do, while everyone is still healthy, is to have the sometimes difficult conversation about giving permission to a trusted family member to be used as an emergency or alternative contact.  As much as it could feel that independence is being given up, this is not the case. This is just another way to build in protection just case someone is trying to take advantage of one of your family members.

Currently there are threatening calls from CRA, bogus kidnaping or accidents with family members, offshore investment opportunities, etc. These calls appear to be legitimate but in actual fact turn out to be fraudulent. People are trusting and can lose quite a bit financially if safeguards are not in place.

Why not have the conversation with family members and have written permission documents put in place at all financial institutions that business is being done at. Worse case at least have the conversation so all members of the family can recognize the potential signs of being taken advantage of and will be open to talk to a trusted person when something happens. Prevention is the key.


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.

Monday, 10 September 2018

Letting Go and Moving on: Why Decluttering it Good for the Soul - What's On Your Mind - September 2018 Edition


We are currently in the middle of an office renovation.  Doing major renovations is like moving.  We were forced to empty everything so the movers could come in and relocate our furniture while the painting and carpeting were changed.

Since I have been in my office and in particular this building for over 20 years I figured instead of just packing my stuff, I would go through everything and see what I could get rid of.  It is surprising when you start going through things that were hidden away in drawers, boxes and shelves, what stuff I kept for the sake of keeping.  Once I started going through old manuals, out of date books, papers, etc. and starting filling up the garbage cans I couldn’t stop.  With every item I let go of, a sense of liberation began to grow within me.  Then the purging became a mission.  It felt so good to purge that with each garbage bin I filled, I felt freer.  Most of what we call treasures were really out of date pieces of junk.

Why do we think holding on to the past with a lot of stuff, will be good for anything in the future?  It has been said “If you hang on to your history, you may lose out on your true destiny”.  This stuff (junk) was really an invisible tie to a past that was done and gone. 

I experienced a level of freedom from this process and was now ready to face the future with a clean slate, and office.  I felt as if a weight was lifted off my shoulders that I didn’t even know was there.  How many of us have stuff (junk) around that is holding us back?  The treasures that you have buried in boxes and stored away for an indefinite time should be taken out and enjoyed.  The rest should be eliminated from your life, your home and your mind.  Besides all the junk you purge could be someone else’s treasure.  There were things that were perfectly good that I just had no use for that I donated.  I took great pride in knowing that items I once coveted, now held a new meaning for someone else.  

Life is about choices.  Make a choice and see if decluttering your home or your office doesn’t help you to release the past and move forward to a brighter and new future. For me the chaos of our renovation, caused me to listen to my inner desire for more order and harmony in my work environment, hopefully it will do the same for you.



Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.

Friday, 3 August 2018

Summer Vacation or Budget Woes? - What's On Your Mind - August 2018 Edition


We are in the middle of summer and should be planning or enjoying our summer holidays.  With the incredible weather upon us, this may be the year you decide to stay put and enjoy some of the local delights.  With the banks increasing the prime interest rate by a quarter percent, money may start getting a little tight.  This is when you have to be creative and look for ways to entertain your families without breaking the budget. 

While it is wonderful to travel and see other parts of Canada and the rest of the world the bills still have to be paid. There is no point to increasing the debt load for a one or two week vacation only to get stressed about how you will pay the bills when the credit card statements come in.

Depending on where you live there can be many enjoyable day trips that cost little or nothing that are quite enjoyable.  Recently a client told me of a Sunday drive turning into a bonus Pioneer Village type scenario out around Kitchener-Waterloo area.  St Jacobs offers a wonderful experience of stepping back in time with their farmers’ markets, while Prince Edward County offers some amazing wineries to visit.  With the internet there is no end of possibilities if you do a little research.  There are many places that are within an easy day trip or a one overnight adventure.

Get outside the normal box and make this a memorable year to explore in your area.  You may surprise yourself and your family with some great new memories made in your own back yard, so to speak, after all Ontario is yours to discover.



Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                           

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Tuesday, 10 July 2018

Cash or No Cash, Where is all the Money going? - What's On Your Mind? - July 2018 Edition


You have your goals set, your retirement plan, in theory done, and still you find you are running out of money on a monthly basis.  It seems there is always too much month at the end of the money.  Try as you may you just can’t seem to get a handle on where all the money is going. This may be why you cannot get ahead with your savings.  We all know that the monthly fixed expenses keep going up but where is the rest of the money going.  On average you are making pretty good income.

If you find yourself in this situation maybe it is time to relook at just exactly where you are spending your money.  We have discussed in the past how much that coffee run is costing on a regular basis or those lunches out.  In case you have forgotten and have gotten caught up in the quick fixes of takeout instead of making coffee at home and brown bagging it with unhealthy fast food I will remind you to take a hard look at your spending habits.  Depending on where your discretionary money is being spent, it could be costing you more than just the future savings.  Indulging in fast foods, excessive amounts of coffee, shopping because you are gaining weight will all take a toll on your health in many ways.  In this case if you die prematurely or are too unhealthy to enjoy your retirement I guess you will not worry whether you have cash or not.

For those that are concerned and cannot figure out where the money is going and whether retirement will even be an option we have the solution here at Levesque Wealth Planning.  We have a cash flow program that will give you a clearer picture on where the money is being spent and where you can use discretion to reduce expenses. The extra funds could be redirected towards your retirement goals.  This is an online template that you complete. I use this information to build your retirement plan.  The retirement plan will give you your retirement number.  The challenge will be whether my number and your number matches.  If it doesn’t then we need to discuss what it will take to get the retirement number you are looking for.  There is a piece of mind that comes with knowing when you can retire.  Whether you actually retire at that number or not is a choice you get to make.

So, if little or negative cash flow is getting you down and you want to find ways to improve your situation, give us a call, email or contact us through our website and we will help get you started.  Today will be a new day with new realities towards future financial success.


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Tuesday, 5 June 2018

To Retire or Not to Retire? - What's On Your Mind - June 2018 Edition


Can you retire?  Would you like to retire?  We have discussed in the past your retirement number.  Do you know what that number is?  Do you care?  Lately I keep reading how people are now deciding they have had enough with working but haven’t quite planned their finances that well.  People are retiring with debt.  What happened to the generations past where cash was king and people did not spend unless they had the money or saved until they could afford to make a purchase?  We can always make excuses of why we don’t have money to retire but in actual fact we don’t always think before we spend.  We live in a society of wanting and indulgencing, not of needing and planning.  Statistics show that one in three are retiring in debt.  Equifax Canada* says average debt not including a mortgage is almost $23,000 a family.  This is high when you are now living on a fixed income.

Today we have young people used to having mostly what they wanted and parents indulgencing those wants without teaching the all-important lesson of deciding what is needed versus what is just a want.  When a child or any person doesn’t have to save their own money, it is easy to spend frivolously.  Not a surprise then that when it comes to making a decision to retire that money and debts is really not a consideration.  When the pay goes down, so does making larger payments on the debts.  Interest rates are on the rise and this will not help getting you out of debt.

I sometimes hear people say well it is too late for me to plan.  I understand that if you had started earlier you would be better off.  I also know that starting at any age can also make a huge difference in your life.  For younger people starting a small savings plan will make all the difference going forward if they continue to pay themselves over a long period of time.  Even an older person can make changes and start saving some money before retirement.  This will go a long way into having a more enjoyable life.

Don’t let fear of embarrassment stop you from asking for help from an expert.  The start of anything great is when you can ASK for help.

*The Canadian Press March 13, 2018


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Wednesday, 2 May 2018

Market Volatility: Friend or Foe? - What's On Your Mind? - May 2018 Edition


With the recent volatility in the markets, a lot of people are shying away from adding to their equities. On the surface when markets are negative and appearing to be your foe, in reality actually have a positive side and can be your friend.

If you are at the end of your savings life and are now reaping the benefits and enjoying spending your money then I agree this market volatility is your foe. If you have an actual retirement plan then this healthy break in the markets will not really affect you because you are currently spending cash and not having to sell into a down market.

Where the negative markets are your friend is when you are either dollar averaging into your savings plan or have extra cash you have had sitting on the sidelines. This is the time you get to have a bigger bang for your buck. Markets are on sale and now you are getting some pretty nice discounts on investments you already own by investing into what some will refer to as their foe.

People in general have mostly done things backwards and that is selling in the down markets and investing in the up markets. Emotionally I understand it is difficult to want to hold on to something or buy more while you watch your investment going down on paper. If you want to have the opportunity of increased returns then your friend is normally when the markets are acting like your foe. Think about the market volatility as your friend and always discuss with your investment advisor the opportunities that are available for your situation.


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.