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What's New |
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OUR NEW LOGO
Following
the purchase of Money Concepts and Aegon Dealer
Services Canada by Industrial Alliance, this Logo is
what you will see in the future on our communications,
business cards and signs. Investia Financial Services
Inc has become our Mutual Fund Dealer, replacing Aegon
Dealer Services Canada
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A replay of the conference call from
December 1, 2008 "Investing in uncertain
times" with Peter Drake, economist at
Fidelity Investments will be available up to
December 15, 2008 by dialing 1-800-408-3053
passcode 3274840# |
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Holiday Hours
Our offices will close at noon
Wednesday December 24
and re-open
Friday
January 2, 2009 |
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Our Best GIC Rate as of December 5, 2008
is
4.56%
Over 18 different issuing companies to
choose from
CDIC insured up to $100,000 each
(rates subject to change without notice) |
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Your
Money Matters
December
2008 Issue
Tune Up Your Financial Plan
If
it’s been a while since you reviewed your investments, and your
finances for that matter, there’s no time like the present to speak
to us about reviewing your holdings, asset allocation, budget, net
worth and your hopes and fears for your financial future to ensure
you are on track to reaching your goals.
Even
though the economic news has been less than encouraging these past
months, we all need to concentrate on our own individual situation.
The main objective of the financial plan tune up is to ensure your
portfolio is properly aligned to meet your short-term and long-term
goals. There may be little or nothing required in the way of
adjustments. Nevertheless, the exercise is a crucial component of
any annual portfolio check-up.
A
top priority will be to review your overall portfolio status,
including both registered and non-registered investments. The first
question to ask yourself is whether anything has changed in your
life that may have had an impact on your short- or long-term goals.
Are
you contributing regularly to your RRSP? Monthly contributions have
proven over time to be an excellent way of dollar-cost averaging
when purchasing investments, buying more units when the prices are
low and less units when prices are high, thus providing a balance
and removing the risks involved with timing the market. If you plan
on making a lump sum contribution at the end of February for the
2008 taxation year, why not buy over the next three months instead,
putting that strategy to work for you now.
You
may want to look at consolidating your assets in one place.
Consolidating your assets benefits you in a number of ways. First
holding all your assets in one place gives you a “big picture”
perspective that can lead to more efficient decision making. In many
cases, when investments are spread across several different
institutions, neither advisor knows what the other is doing. Though
each of your advisors may be doing a great job managing his or her
portion of your financial plan, this leaves you alone to oversee
everything, which can sometimes be where the process breaks down.
Having assets at multiple firms also increases the probability of
significant overlap, and significant gaps in your total portfolio.
The
bottom line is that meeting with your financial advisor to tune up
your financial plan can help you stay on the right financial track.
Ensure the following topics are addressed: changes in goals that
require asset allocation rebalancing, asset consolidation
opportunities to simplify and get a “big picture” perspective,
dollar-cost averaging all investment deposits, making the best use
of your tax refund, ensuring appropriate and sufficient insurance
coverage and personal budgeting to curb expenses and increase your
savings.
As
your advisor, I want to work with you to look at the whole picture,
ensuring your financial goals are met and making the decision
process easier by providing objective and relative information
specific to your needs. Give me a call, I’d love to sit down with
you and start the New Year with success in mind.
Theresa Wever and the Money
Concepts Team.
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated. |
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Russell Location |
Vankleek Hill
Location |
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1087 Concession Street, P.O. Box
269
Russell ON K4R 1E1
Tel: (613) 445-8624 |
116 Main Street
East, P.O. Box 459
Vankleek Hill, ON K0B 1R0
Tel: (613) 678-3861 |
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Toll-Free:
1-800-250-5557 -
www.moneyconceptsrv.com |
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