The COVID-19 Virus’ Likely Effect on Investing
First published in Business Edge Magazine on April 28, 2020; by Miklos A. Nagy; At the time of writing this piece, there are more than 3 million confirmed cases of COVID-19 worldwide with 209,000+ deaths attributed to the disease. By the time the virus is contained or has run its course, the number of infected […]
How to Get the First Home for Millenials?
According to UBS real estate market report dated September 30, 2019, the Swiss bank giant, put the Toronto housing market 2nd, after Munich, among the cities of the world with real estate bubble risk. The Vancouver real estate market currently ranks 6th on the same list By any measure, real estate prices are high in […]
Is The Smith Manoeuvre Right For you?
First published in Business Edge Magazine on November 20, 2019; by Miklos A. Nagy; link: http://businessedgemedia.ca/node/32 The Smith Manoeuvre is a financial strategy which was first coined by Fraser Smith, a BC-based financial planner. He wrote a book on the subject with the title: “The Smith Manoeuvre” in the early 2000s. The Smith Manoeuvre is a […]
Proper Life and Disability Insurance Could Be More Important Than Investments
Some people reject life and disability insurance, and they may be right, if they are alone or have minimal means or the people around them are financially independent or, God forbid, if they don’t care about other than themselves. There are two types of life and disability insurance needs one may have. First, there may […]
Investing in Private Mortgages
In my recent blog, I wrote about realistic expectations on the long term annualized rate of return on stocks. Based on close to 60 years of data on the S&P TSX and the S&P 500 stock indices with 95% likelihood (or confidence) we can realistically conclude that our average rate of return, net of management […]
The 12 “Golden” Rules of Financial Planning for High Net-Worth Individuals
Over the past 26 years, I dealt with hundreds of high-net-worth financial planning clients. Over these many years, I gained a great insight into what the most critical factors are in developing a sound financial plan and the most significant mistakes that people can make in financial terms. Based on my experience, I developed the […]
The 15 “Golden” Rules of Financial Planning for Middle-Class Canadians
Over the past 26 years, I dealt with over a thousand financial planning clients. Over these many years, I gained a great insight into what works, what the most critical factors are in developing a sound financial plan and the most significant mistakes that people can make in financial terms. Based on my experience, I […]
What is a Realistic Return Expectation in Equity Investing
If you are investing for accumulation for your retirement or investing your already existing assets, having a good grasp and understanding of the different asset types’ realistic return and respective risk expectations is a must. One of the most critical components of investments is equity investing. Expected returns on equities wildly oscillated according to the […]
RRSP vs. TFSA
Many Canadians want to know what a better strategy is for retirement, investing in an RRSP or a TFSA. Although, the answer is not necessarily straight forward, when we start with reasonable assumptions which are more likely to be applicable in most of the cases, the opposite answer may be correct to a considerably smaller […]
The Benefits of Fee-Only Financial Planning
This article compares the likely effect of choosing different types of advisors for drafting a financial plan and managing your investments on your portfolio’s future value. The differences can be substantial and more so the more current assets you have. Keep in mind that individual financial advisors or a combination of them not necessarily will […]