Supply chain disruptions and temporary demand increases have led to price spikes which seem to have become the norm lately. For the most part, they are not here to stay, so if you are considering a purchase, delaying may be wise. Patience may indeed pay off during this time of price tribulation. Supply and demand models form the cornerstone of modern economics, because at … [Read more...] about When supply and demand drive prices: When hotcakes are selling like hotcakes!
Arnold Machel, CFP®
Arnold Machel lives, works, and worships in the White Rock/South Surrey area. In 1995, he founded Visionvest Financial Planning & Services with the dual goals of “effecting positive financial change” and assisting clients to “Invest with Vision”. Since that time Visionvest has received numerous recognitions, including being voted in the top three in the Best Investment/Financial Advisor category by Peace Arch News readers for the past four years in a row.
Arnold has held the Certified Financial Planner® designation since 1998 and has served on many boards, currently sitting on the board of Abundance Canada (formerly the Mennonite Foundation of Canada), a national charity focused on helping Canadians give generously. He is currently a co-host with his son, Ben, on the popular monthly Retire In BC podcast.
Questions and comments can be directed to him at dr.rrsp@visionvest.ca. Please note that all comments are of a general nature and should not be relied upon as individual advice. While every attempt is made to ensure accuracy, facts and figures are not guaranteed.
Capitalism: friend or foe?
It’s my own fault, but I’m going to place a bit of the blame on COVID here – I’m watching too much TV these days. Too many movies. Too much news. Also… I’m getting kind of irritable. Ask my wife. I’m fed up with COVID. Fed up with not being able to connect with those I love in the way I used to. And fed up with the media. My latest frustration is how the media portrays … [Read more...] about Capitalism: friend or foe?
BC Provincial Budget – new rules on DTC eligibility
It’s is April 20 as I write this. Yesterday was federal budget day. I’m in BC and today is our BC provincial budget day. I have to ask: is it irony? Or do you think that it’s purposeful that our province of BC would hold their budget on April 20 – International Weed Day? There is much I could write about yesterday’s federal budget. Instead, I will home in on some small fine … [Read more...] about BC Provincial Budget – new rules on DTC eligibility
Bitcoin: digital currency
By now you’ve probably heard about this new currency called “bitcoin”. At the end of last year, one bitcoin was valued at US $29,111.52 (all bitcoin prices provided by coindesk.com). It more than doubled, peaking at an intra-day high of $61,556.59 in March of this year and at the time of writing is priced around the US $56,500 mark. Since its … [Read more...] about Bitcoin: digital currency
Musical shares: The long and short of short selling
For a month or so now, the news has highlighted something called short selling. This has been due to actions from a Reddit group who chose to manipulate the share price of a number of companies (GameStop among them) to hurt a number of hedge funds. To be very blunt about it, short selling is NOT a form of investing. It is a form of gambling, no different than a card game or … [Read more...] about Musical shares: The long and short of short selling