When is YOUR Findependence Day?

About Jonathan Chevreau

Jonathan Chevreau has been a financial columnist with the Financial Post since joining the paper in 1993. He’s authored several mutual fund guides, two books on the stock market and wealth management and most recently the financial novel, Findependence Day. He also blogs most days on the Wealthy Boomer blog housed within FinancialPost.com and is active on the three major social media sites: Facebook, Twitter and LinkedIn.

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Masters of Money

An Introduction to Hedging

Until the 2008 stock market meltdown, I’d never attempted to “hedge” my portfolio. Common wisdom was that there is safety in diversification and asset allocation. As it turned out, most asset classes are correlated to each other in a severe bear market, so that when things turn sour, stocks in Asia fall, stocks in Europe fall, stocks in North America fall, etc. MORE

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Masters of Money

Planning Your Pension

You may wonder why your parents didn’t seem to spend nearly as much time and effort on their finances. The answer may well be that – as was the case with my father, a high school teacher – they were fortunate enough to be in old-fashioned Defined Benefit (DB) pension plans. These plans pretty much guaranteed a set percentage of your working income on retirement. MORE

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Masters of Money

Debt: Be a Recipient of Interest Income, Not a Payer of It

One of the biggest causes of the financial crisis was debt: at personal, corporate and government levels. We all remember the 2008 stock crash and the corporate giants like AIG and Lehman Brothers that crashed and burned because of excess debt and leverage. MORE

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Masters of Money

Spend Less, Save More

New Year’s resolutions typically revolve around health, whether physical or financial. If these are to succeed much past January, you need to encapsulate your goal into a simple mantra that can become engrained in your behaviour. MORE

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Masters of Money

RRSPs or TFSAs? Both!

The ongoing theme of this blog is to achieve financial independence through minimizing spending and maximizing saving and investing. It should, therefore, come as little surprise that my answer to those who ask whether they should make an RRSP or a TFSA their priority is a definitive “Both!” MORE

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