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.

Friday, 13 April 2018

April Fool's or Just a Scam - What's On Your Mind - April 2018 Edition


Most people enjoy a good joke don’t they?  Well in this day and age of technology we have to be careful we are not getting scammed.  Currently there are many scams going around and we have to be diligent in making sure we are not going to be one of the victims and become another statistic in the news.  

While the vast majority of people now have cell phones, the scammers have taken to using pop ups on your telephone that appear to be realistic.  For the most part, company’s such as Apple will never ask for your sensitive information to cancel a purchase that you did not make or to correct a virus on your phone.  You may even get a text message or email claiming something bad is going to happen unless you act quickly.  The acting quickly is to get you to provide information such as passwords, financials and logins.  

The best thing you can do when in doubt is to always exercise caution.  Deleting texts, not calling back missed calls from unknown sources, and if need be calling Apple directly and not using telephones numbers from a text  or email may save you a lot of aggravation.  We live in a time where curiosity could get you in trouble.  As with Canada Revenue Agency, these are not the kind of companies or agencies where personal information is expected to be given when it came unsolicited.  

Stay in control and make sure you teach your children what fraud could look like as well as listening to your children when they tell you what scams they are coming across.  We all need to pass the word around so we can all stay informed and make it more difficult for scammers to win.  Things will appear real so don’t get fooled.



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, 5 March 2018

What's Your Retirement Number? - What's On Your Mind? - March 2018 Edition


At some point everyone thinks about when they would like to retire.  Your thoughts might include things you would like to do and possibly where you want to travel to.  How important is it to achieve your retirement goals of fishing or golfing every day, or whatever you plan to do to fill the gap of time between stopping work and stopping living?

Recently I heard that two of the major factors of living a long life, to 100 or so, is to keep socially active with family and friends and interact with strangers on a regular basis.  This second part could be a smile, short conversation or an acknowledgement of a strangers’ existence.  We all need to feel connected to people.

If this is true and you financially prepare yourself to retire at 55 or 60, and you know you are a social butterfly, then you may have to fill a gap of 40-45 years in retirement.  Previous generations looked forward to retirement because the planning for them was for a few years after they stopped working, not decades.

Currently we live in a world of more knowledge on how to keep ourselves healthy and fit.  We also live in a world with a high cost of living and taxes on just about everything we need, use and earn.  How is it possible then that we will be able to fund such a long active retirement and still live today? 

The new reality should be that we continue working throughout our sixties and possibly into our seventies.  Retirement should not be the destination you aspire to but a journey that gets tweaked along the way.  Your retirement lifestyle should include working at something even if it is part time or like me full time because you love what you do and the difference you make in the world.  Your retirement number shouldn’t be set in stone but planning for it in case you decide enough is enough.  Planning is the freedom to choose when that number will come into effect.   We have the software to help determine what your retirement number will be and what you need to do today to get there.  Call or email for more information.  This is the time wherever you are in your life to really think about the road ahead of you. 

If you are retired now and financially and physically doing well, then to stay healthier stay connected to people every day.  This is part of the growing old medicine that your doctor doesn’t tell you, but actually works.  To reaching 100 with good health and wealth.




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.


Thursday, 8 February 2018

CPP, Are You Leaving Money on the Table? - What's On Your Mind - February 2018 Edition


Did you know that not everyone qualifies to receive a CPP monthly survivor benefit when their working spouse passes away? If you and your spouse have both contributed to CPP and have both paid in the maximum contributions then it is quite likely you will only be entitled to a one-time lump sum payment of $2,500 death benefit.

The Canada Pension Plan is set up as a pool. This means that your estate will not necessarily receive any of the contributions made by your deceased spouse. The pool is used to fund the people on CPP currently. Given that it could be a possibility if you are married or living common law with a working spouse, what are the alternatives?

Now may be a time to sit down with your financial advisor and discuss your options on how to best get the maximum amount of benefit possible. Since every situation is different you should figure out the best solution for you. It is not possible to predict the future but with careful planning you can try and beat the odds.

This planning should take place for most people between the ages of 59 and 65 although having a discussion with your financial advisor earlier will always be beneficial. As Canadians we pay more than our fair share of taxes without leaving more money on the table.

As always if you would like to know more or have ideas for future articles please feel free to call or email us.

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

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, 3 January 2018

Top 3 Reasons Most New Years Resolutions Fail - What's On Your Mind - January 2018

Every year it’s the same thing.  Before we know it another year has gone by in a blink of an eye.  At least that is how it feels to me.  Most of us will be thinking about what we have accomplished over the year and the things we didn’t get to complete. The challenge for a lot of people is that every year they make resolutions and goals only to have to admit that nothing changed.

This brings me to the top three reasons that most resolutions or goals fail. The first reason is that most goals are usually someone else’s goals. A lot of people have a goal to lose weight or stop smoking after the holidays. The reason people will fail at this goal is because it was a goal they felt they needed to do but didn’t really want. You cannot be successful in a goal if it isn’t your goal. Where is the motivation to stick with it?

The next reason your goals can fail is because it is not written out with an action plan. Goals without a plan of action is just a wish. It would be nice to have but really I don’t want to have to do anything to get it. It is like the old saying of expecting a different result doing exactly what you have done in the past. Nothing ever changes, nor will it. Stop doing what you have always done and start making a plan.

The third reason your goals can fail is that they were unrealistic and you knew it when you made them. If you never believed you would achieve the goal, you never would. This is what is called a self-fulfilling prophecy. You got what you believed you would get because whatever the mind can conceive and believe it can achieve.

This year set yourself up for success. Write out your goals with a plan of action and a date beside each goal. Be specific of what YOU want, not somebody else’s goal. Make sure you believe it can be achieved and use the Law of Attraction to help you succeed. If you want something bad enough, the desire and the decision to get it will bring you closer to succeeding. It is your life and your choice.  What do you have to lose if you try something new?  You may surprise yourself and have your best year ever.

Happy and Successful New Year.
Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group 
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning

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, 4 December 2017

Will it Be Happy Holidays or a Financial Disaster? - What's On Your Mind? - December 2017 Editon

Tis the season where a lot of people are feeling quite charitable.  In fact scammers and fraudsters are counting on it.  Last month I was one of many people who was contacted by telephone regarding taxes owing to CRA.  I know I am current with my taxes regardless of what anyone on the telephone might tell me.  Luckily I did not fall prey to this scam.  Unfortunately the call made to me was a recording so I could not give these people a piece of my mind. Other people have received calls with a live person on the other end. Some of these people were not so lucky and fell prey to the fraudster.  The police indicated there were at least 40 residents in York Region who fell for this scam by paying what they thought was their overdue taxes by using virtual currency known as Bitcoin.  Bitcoin is unregulated and untraceable so it makes it difficult for the police to track.  If in doubt take the request using much published telephone numbers for CRA and call to ask whether there are outstanding taxes. The scammers are well trained to be intimidating.  If you use an accountant, call your accountant to confirm your taxes.

Now that the holidays are around the corner there may be many fraudsters wearing many different hats such as people claiming to collect for charities and counting on the holiday spirit in you.  Make sure you check out the charity or stick with reputable charities such as The Salvation Army. 

There are even scammers with the sophistication such as hacking a family member’s telephone number pretending your loved one is kidnapped.  Some fraudsters will use the telephone and some might send you official looking emails.  Always check directly with the source such as your bank, CRA, family member, etc. before making any unexpected payments.  Keep diligent and informed about any new scams and pass the word around.  Keep your information private so hopefully you will not become the next statistic this holiday season.

Happy and Financially Healthy Holidays to you and your family.


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

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 a Sr. 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. For more information about HollisWealth, please consult the official website at www.holliswealth.com.
Insurance products provided through Hollis Insurance Inc.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque.



Tuesday, 7 November 2017

Owning vs. Renting, What makes financial sense? What’s on Your Mind? November 2017

As the population ages and we are planning for retirement, the question that comes up a lot is should I rent or downsize?  Most people that have lived in the larger homes while raising their families think that the house is now too big and too empty without the children at home.

Initially a lot of us purchased homes as a place to raise the family and as a forced savings.  Homes had built in equity over time. But as we become empty nesters this leads us to what makes financial sense going forward.

There are perks to both owning and renting.  I will address some of the more common considerations of each.  Owning your home or downsizing to a smaller home gives you the stability of making it yours with each improvement you do.  No one will tell you what you are allowed to do with your property and the costs remain relatively fixed.  The downside of course is that you are fully responsible for all the maintenance, increased property taxes and having someone look after the place if you are a snowbird.

Deciding to rent, your costs are fixed to the monthly rent.  Annual increases are limited for most rental units.  Any time something goes wrong you just have to call the landlord or superintendent for repair.  My mother’s stove just went and since she rents, she called up the super and viola she has a new stove.  No extra outlay of cash and no time spent shopping for the stove.  Depending on where you rent, you may have other amenities included in your rent that owning a home would cost you.  Gyms, pools, etc. are included in many buildings.  Renting in a downtown core for conveniences is usually more affordable than buying properties in these locations.

Freeing up the equity from the sale of your property could potentially allow you to enjoy your retirement more if money was an issue for the extras.  Some people become house poor at retirement. You could end up with a limited lifestyle experience while having a lot of time but not having the money to do the fun stuff because it may be unaffordable to you.  If you think limiting your activities to stay in your home and be cash poor but house rich for the sake of leaving a bigger estate to your children, there is insurance for that. So while there is no right or wrong answer to renting or owning, it becomes a personal decision on what kind of lifestyle you want versus what kind of lifestyle you can afford.





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

Insurance Advisor
HollisWealth Insurance Agency Ltd.

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 a Sr. 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. For more information about HollisWealth, please consult the official website at www.holliswealth.com.