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
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.
Crazy little thing called love: one Christian’s response to Covid
The great Warren Buffet is known to say that one of the magic secrets to his investing success is living a long time; a tangential way of crediting the wonder of compounding. So, one way that we can become wealthier is to simply live longer. Living longer is harder to achieve today than it was even just a year ago. At the time of writing the Health Canada website is … [Read more...] about Crazy little thing called love: one Christian’s response to Covid
Ch, Ch, Ch, Changes – the shift from a sales culture to an advice culture
Last year (2020) I celebrated 25 years in the business, and I found myself thinking about how things have changed and how they’ve stayed the same. Back in 1995… The shift from a sales culture to an advice culture. More than the specifics though, I found myself thinking about the change in the Zeitgeist between now and then. Specifically, the change in the investment … [Read more...] about Ch, Ch, Ch, Changes – the shift from a sales culture to an advice culture
Time for some last-minute tax planning
The Duke of Westminster principle remains alive and well here in Canada: taxpayers still have the right to manage their affairs in order to minimize taxes payable. For some, those affairs may include RRSP contributions which have a deadline 60 days after the end of the year, but for most tools the deadline is December 31. Tax planning shouldn’t be left until the end of the … [Read more...] about Time for some last-minute tax planning
Going broke slowly, the true cost of inflation
How much did a chocolate bar cost when you were a child? “10 cents” is the answer for me. At least that’s what the convenience store on the corner of Robson and Thurlow (where I returned bottles that I collected in the neighbourhood) charged. I even remember that it was only 9 cents if I went to the drug store across the street. It’s … [Read more...] about Going broke slowly, the true cost of inflation