Cardinal Update – December 2016
OPEC – On November 30, the members of the Organization of Petroleum Exporting Countries (OPEC) met and agreed on a production cut for the first time since 2008. It marks a 180 degree change from November 2014 when, faced with an oversupply, the cartel decided not to cut production. That 2014 meeting sealed the fate of the oil price recession as the Saudi’s put the cartel before the horse, targeting market share, rather than the price.
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Five ways to hard-wire children for a lifetime of giving
The season of giving is upon us, and I wanted to share this article from the Globe and Mail that talks about how we can encourage our children to be become charitable people.
This is also an opportunity for us at Wiffen Financial to send the warmest Christmas wishes to you and yours. We thank you for your business, and look forward to a successful 2017 for all.
Start saving early
by Caroline Hanna
You’re never too young to make smart financial decisions. Whether you entered your 20s with a solid savings portfolio funded by your parents, saved up some of your own money, or spent it all on education, here are four tips on how to get ahead financially.
01 Start now
A lot of 20-somethings feel they’ve missed the savings boat. You haven’t. You may have missed out on high interest rates, but the principles of savings apply, even when rates are low.
Time to invest in emerging markets?
Equities are looking up in Brazil, Russia and Turkey
by Bryan Borzykowski for Moneysense
There may have been no worse place to invest over the last few years than in emerging markets. Between 2011 and 2015, the MSCI Emerging Market Index was down about 32%—our own troubled market only fell by about 3.2% over that same time period. But if there’s one thing to know about developing nations, it’s that things can go from bad to good seemingly overnight. Since Jan. 21, when global markets began to rise after their post New Years correction, the index is up 31%. Read more 
