Investing

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lingerie-2-frilly

Here’s the last principle in our series on how your finances are like your lingerie. BIG HINT: it’s the most important one! Read on for the goods.

Principle 4: You deserve a personalized fit.

You really do. Maybe you picked out that first “grown-up” bra on your own, peeked over your shoulder in the fitting room, decided it was a “good enough” fit, then plunked it down on the counter and paid. But every woman I have ever known who has been through the professional bra-fitting experience comes out a changed woman. Their clothes fit better. They stand up straighter. Their…assets are optimized.

How well your investments fit your life and how well they perform for you deserves at least the same level of care and attention as the fit and feel of your bra. And here is secret number four: getting that fit right can make a whole heckuva difference in how well you are set up to handle what life throws at you.

If you aren’t confident about how to judge how well your investments fit, consider working with someone who knows - someone who can cast a professional eye over your assets, help you understand your options, and suggest alternatives to empower you in achieving your own individual goals.

In future posts, we will explore how to find and work with a financial advisor, how various kinds of investments work, and more. But for now, pull up a chair, grab your glass of wine, and breathe: you’ve got four new secrets to share.

A version of this article was originally published at The Best Kept Secret: Toronto’s Resource for Women 40+.

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well-yes-3002

We are looking together at how your finances are like your lingerie. Here is the third principle for understanding how these two, seemingly-unrelated parts of your life fit together:

Principle 3: Like your bra size, your financial needs change over time.
How many of us figured out our bra size at some point in the past and have continued, year over year, to blithely buy that same 34B that fit us before kids and before, erm, gravity made its effects known on our bodies?

Same thing with your finances: the mix of approaches, strategies and investments that fit you at 20 is not the same as the right mix at 30, or when your first child arrives, or when that same child hits post-secondary education, or when you Read the rest of this entry »

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glove-lingerie2

Follow along as we consider how your finances…are like your lingerie.

We already explored how your finances, like your lingerie, are intimate. But how else are they similar? Here’s principle two for understanding how these two elements of your life fit together (or not!):

Principle 2: You probably have a portfolio that doesn’t fit.

You likely know by now that most of us are wearing the wrong bra size. Oprah did a whole hour on this!

Here’s the comparison with money, gleaned from my work as an advisor: most people have investments that are a poor match for their circumstances. To the extent that they have a “financial plan,” Read the rest of this entry »

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lingerie-300

Here’s a secret: your finances are like your lingerie. How so?

In the next four posts, I’m going to give you four principles for understanding how your approach to lingerie and your approach to your finances are related.

I’ve also thrown in four secrets of financial planning designed to, well, uplift and support you in this area of life.

Principle 1: Just like your lingerie, your finances are intimate.

Our current environment is one in which almost anything is fair game for public display and comment. But even in an era of persistent, pervasive TMI (”too much information” - when everyone knows Britney Spears’…um, Read the rest of this entry »

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And how do you know?

This morning’s Globe and Mail included an article providing advice on whether to consolidate your RRSP holdings if you have more than one.

I was one of the experts interviewed for the piece, and my contributions focused on what I think are among the most important factors for ensuring long-term investing success: Read the rest of this entry »

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A version of this article was originally published in the February 2009 edition of Canadian MoneySaver magazine.

Families face many demands on their financial resources: planning for the future, families often encounter concerns about how they will pay down mortgages, establish retirement savings and save for their children’s future educational requirements.

Today we’ll focus on saving for education - helping you sort out what are the best strategies for your family!

Read the rest of this entry »

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