I’ve written in the past about the value of advice and how good advice pays for itself. The important question is not should I get advice? But rather, what is a reasonable price to pay for advice? To answer that, I think we need to look at two separate pieces: 1. What is reasonable to pay for investment management, and 2. What is a fair price for general … [Read more...] about What is a fair price for financial advice?
Arnold Machel, CFP®
Arnold Machel lives, works and worships in the White Rock/South Surrey area and has been writing articles for the Light Magazine for over 10 years. He is a Certified Financial Planner® with Visionvest Financial Planning & Services.
OAS changes bring a bit of extra cash
Are you 75 or older? Do you know someone who is? Get ready for a little bonus! You (or they) are in for a bit of extra cash in the coming year due to some tweaks happening to the Old Age Security (OAS) system. A bit of background. The self-proclaimed purpose of the OAS program is “to ensure a minimum income for seniors and help reduce the incidence of low income … [Read more...] about OAS changes bring a bit of extra cash
“Where There’s a Will…” there should be a will companion
Sadly, we’ve seen more clients and members of their family pass away in the past 18 months than any other time in my 25 plus years in the finance industry. And while none of these tragic events were directly related to COVID, I am sure that the isolation and general negative aspects of living life during the pandemic had a part to play. In seeing so many individuals cope with … [Read more...] about “Where There’s a Will…” there should be a will companion
When supply and demand drive prices: When hotcakes are selling like hotcakes!
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!
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?