Six creative ways to teach your kids about money
Understanding financial issues is challenging enough for adults, so it’s no wonder many parents struggle when it comes to teaching them to kids.
According to a Harris/Decima Youth Financial Literacy Study for the Canadian Institute of Chartered Accountants, 84% of Canadians believe young people are ill-prepared to manage their finances when they enter the workforce. While 78% of Canadian parents have attempted to teach their children financial management skills, 60% believe that they haven’t been successful. Read more 
Get Your Corporate Dollars Doing Double Duty
Owners of very successful private corporations are well aware of the importance of cash flow. Many are protective of how they allocate corporate capital so that business ventures are adequately funded and investment opportunities are not missed.
The Immediate Financing Arrangement offers an opportunity to provide life insurance coverage and accumulate wealth on a tax-advantaged basis without impairing corporate cash flow.
What is an Immediate Financing Arrangement (IFA)?
An IFA is a financial and estate planning strategy that:
- Combines permanent, cash value life insurance with a conservative leverage program allowing the dollars allocated to the life insurance premiums to do double duty by still being available for business and investment purposes;
- In the right circumstances and when structured properly so that all possible tax deductions are used, an improvement in cash flow could result.
DM Monthly Report
What is Risk? – Despite its central importance to portfolio management, there isn’t really a universal definition of investment risk. When we launched Dixon Mitchell, we decided that our best chance of getting the risk question right was to put ourselves in the shoes of our clients and make sure that our decision making process was mindful of the following two common concerns:
Click here to read more: DM-Monthly-Report-Dec-15
December Monthly Insight
Big Bad Bear Market – If stock markets around the world had fallen by more than 50% from their peak, investors would have been in quite a tizzy with the panic of collapse and catastrophe running rampant. But it is not stocks that are in a nasty bear market, it is commodities. They are far less important from an investment perspective in many parts of the world, 9.7% in the U.S. and 11.6% internationally based upon their stock market weighting.
Click here to read more: Monthly Insight – December 2015 – Big Bad Bear Market
