Holiday Season

I know it's been a while since my last post, I have been streamlining the behind the scenes business practices that I employ everyday in the work we do for you our valued client.

With the Holiday Season upon us it truly is a time to reflect on the year that has been, our families and all of our accomplishments and yes, failures too. Without failures we cannot learn, we cannot grow and we cannot learn to adapt.

This year has been full of surprises for you the investor. A great Bull market run to start the year started to fade with the sun as the days began to get shorter turning into an unpredictable Bear market. Since September we have seen brief but substantial gains and loses in the wake of the sub-prime mortgage crisis in the U.S., which lead to North American wide credit crunch.

As a result we have seen minimal slowing in the Canadian economy, but enough that the Bank of Canada has cut interest rates and hints that rates could be lowered further in the early spring as they anticipate a continued slow down north of the border.

This represents an excellent time for the savvy investor to increase their positions in the investments they hold through a sound dollar cost averaging strategy. Don't underestimate the power of re-balancing your portfolio! Sell the winners and and buy the losers, they will fall into favor as the market shifts over time.

Be ever mindful that the Tax man is waiting for your money. You have the option of paying the piper for taxes owed, or paying yourself through a deposit to your RRSP, the choice is clear.

I hope that you enjoy the time spent with loved ones during this holiday season over the coming weeks as we look forward to the new year, a time for new beginnings.

Merry Christmas, Happy New Year and all the best this Holiday Season has to offer!

Robert

Investment Planning...

In today's ever growing investment market the choices can seem endless. Fixed Income, Equity and Specialty funds are just a few of the different way you can invest your hard earned dollars, but are they really appropriate for you. We believe in taking a disciplined approached in choosing the right investments.

Fund management style, fundamentals, objectives and risk tolerance are all important factors in the decision making process.

Take the time to have this important discussion with your advisor to determine what's right for you, otherwise you have only yourself to hold accountable when things don't go as planned.

For a no obligation review of your current investments please call our office to book an appointment.

Long Term Care...

It is inevitable! We will all grow older and require some form of care. Do we want to be a burden to our spouse or our children? Do we want to be forced to use the assets we have saved over time to fund our retirement to pay for our care?


Most people don't realize that they can buying "Longevity Insurance". You buy Life insurance when your young to protect your loved ones financial future, but most people overlook the opportunity to pass the costs of long-term care off to an insurance company.

In New Brunswick the average cost of a nursing care facility is about $40,000 per year. Wouldn't you rather pay pennies on the dollar to have an insurance company assume that risk. In so doing you will not be forced to use your own savings, RRSP's and GIC's to pay for your care.

Recently the Provincial government listened to the concerns of the public and changed the rules pertaining to one's principle residence and excluded it from the calculations used in determining funding cost.

To find out how Long-Term Care Insurance can protect your assets and fund the best care, call us.

Our contact info is on our webiste www.mcguirefinancialservices.ca

Critical Illness... We all know somebody...

If asked, we could all say we know someone either family or friend who has been touched by cancer, heart attack or stroke to name a few. Today more than ever critical illnesses are more prevalent and the need to protect our family is more important.

You have worked hard to acquire your home, build your assets and start a family, let me work hard to ensure that you can have peace of mind.

Most policies cover 20 or more critical conditions, and the best part is that if you stay healthy you can get all your money back, tax free under current legislation.


It's a win-win situation. Money if you get sick, Money if you don't!

Check out out website for more details.

Spring Review

As I sit here looking out my window I realize that the sky is again turning blue after some unpleasant spring weather. It reminds me that spring is a time of renewal when old things become new again.

So should it be a time that you review your financial plans. Time has a way of erasing our understanding of the goals we desire to accomplish, and the path we have chosen to follow to ensure of success.

Enhancement to financial products and changes to provincial and federal legislation dictate that at a minimum your plans should be reviewed every 12 months.

Major life events such as retirement, new house, birth of children and milestone birthdays are all indicative reason to schedule a meeting to review your progress.

May 1st 2007, my BLOG is born.

Welcome to our inaugural BLOG. This site will be a resource for you to check frequently on your internet travels to learn my thoughts, tips, and advice on a multitude of financial matters.

This forum will enable us to post issues arising from our day-to-day business that we feel can be valuable to you our clients and future clients without painstaking changing our website.

Please feel free to visit our website if you haven't yet by following this link www.mcguirefinancialservices.ca

Please check back regularly as we will update our posts at least once a week.

Have a great day!