menu

Nancy Graham CPA, CA, CIM, CFP, TEP

Portfolio Manager
Contact
  • T613.237.5544 x 303
  • 1.800.230.5544
  • F613.237.5949
  • 265 Carling Avenue,
    8th Floor,
  • Ottawa, Ontario K1S 2E1
February-23-17

Business Owners and Their RRSPs: Are You “Willing, Able and Ready” To Save?

If you’re like most business owners, you wear many hats in your life, each competing for financial attention. Beyond the basics of funding your Registered Retirement Savings Plan (RRSP), business owners face specialized questions like: When and how should you direct business profits into an RRSP account … or should you? And how do you balance funding your retirement and reinvesting in your thriving enterprise?

 

I know these can be a challenge, because I’m a business owner myself. In this segment of “No Dumb Questions,” I’ll present my handy-dandy way for busy business owners like you to think through how to save toward retiring on your own terms. I apply a scrambled version of a familiar catchphrase to help you think through whether you are “willing, able and ready” to fund and invest in an RRSP.

Since you already have enough “hats,” or roles and responsibilities, to keep track of in your life, I’ll also touch on why it’s often worthwhile to seek some solid advice from someone who has what it takes to help you organize and oversee your financial, investment and tax-planning best interests – for your business and your personal interests.

Watch on to learn more about this important “No Dumb Questions” segment dedicated to business professionals like yourself … and be sure to sign up for future videos as well.

By: Nancy Graham | 0 comments
February-09-17

What’s the Verdict: ETF or Mutual Fund?

When I get questions about ETFs (which I often do these days), I find there’s often a “question behind the question.” What people are often really asking is whether ETFs – a fast-growing and increasingly popular choice – are an inherently better choice than those “old-fashioned” mutual funds. Some investors are so enamored by ETFs that they reach this verdict without ever weighing the preponderance of the evidence.

Before you reject mutual funds outright, it’s worth taking the time to consider both fund structures. For either or both, there are some essential features and functions worth insisting on every time – as well as some “gotchas” to avoid. For an impartial discussion about the advantages and disadvantages of each, check out today’s “No Dumb Questions” video.

 

Bottom line? Whether you’re looking at a mutual fund, an exchange-traded fund or any other investment vehicle, start with this key question: Will buying, selling or holding this investment contribute to or detract from my smart investment strategy?

In other words, which investment will best support your ability to:
(1) Focus on balancing market risks and expected rewards according to your personal goals
(2) Fanatically eliminate any unnecessary costs involved
(3) Remain true to your carefully crafted financial plan

If a fund is the best choice for doing all of the above, does it really matter if it’s a mutual fund or an ETF? Check out my video to find out more about why I believe the answer is: “No, it does not.” While you’re at it, send me more of your investment questions, and keep an eye on my YouTube channel for more “No Dumb Question” discussions.

By: Nancy Graham | 0 comments