Caring for Clients Newsletters

Caring for Clients produces and posts a quarterly newsletter to keep our clients and potential clients informed about current market conditions, tax tips, recent news and other money related matters.

April 2010

First Quarter, 2010

Spring is finally here and as the flowers start to bloom, new developments are taking place at Caring for Clients. We are excited to announce the introduction of our blog, Money Insights, at www.caringforclients.com/blog. Our posts will give you insight into what Caring for Clients is thinking on a regular basis. One of our goals is to enhance our level of communication with a larger audience and ultimately engage in a more extensive dialogue about financial planning. We encourage you to visit our blog and share your comments with other readers. You can sign up for the RSS feed on our webpage, which will allow you to receive updates when new postings are published. If you would like to learn more about how RSS feeds work and online social media in general, you can get the scoop first hand from Jaime Almond, a social media consultant and trainer, at www.jaimealmond.com.

Financial planning has become a popular topic of discussion and more often we are being called upon to comment on financial issues. For example, most recently, Rona’s retirement planning insights were quoted by Ellen Roseman of the Toronto Star in her article, Comfortable retirement requires flexibility, low debt.

In order to put our financial planning practices into context, it is helpful to reflect on the market conditions we have recently experienced. This quarter, we are sharing with you Connor, Clark and Lunn’s market commentary, which effectively represents the economic and market events of the first quarter of 2010.

On the topic of helpful insights, if you have family members in high school or university, we would like to share with you a posting from Seth Godin’s blog, which talks about his ‘one in a million’ concept. Seth is a renowned business thought leader and we love his daily blog. If you are interested in reading more of Seth’s postings, you can sign up for his blog at http://sethgodin.typepad.com/.

On the theme of preparing for your future, the Canadian Securities Administrators have put together a package about protecting your money in order to build awareness on how to avoid investment frauds and scams.

Being aware of how to look after your assets has become increasingly important. These assets include your real estate investments. For those who own more than one residence, it is important to understand the Tax implications of more than one residence and how to make the most of your additional real estate holdings.

In closing, we would like to sign off with a story about a young boy, who might very well grow up to be a successful investor:

A young boy enters a barber shop and the barber whispers to his customer, “This is the dumbest kid in the world. Watch while I prove it to you.”

The barber puts a dollar bill in one hand and two quarters in the other, then calls the boy over and asks, “Which do you want, son?”

The boy takes the quarters and leaves the dollar.

“What did I tell you?” said the barber. “That kid never learns!”

Later, when the customer leaves, he sees the same young boy coming out of the ice cream store and says, “Hey, son! May I ask you a question? Why did you take the quarters instead of the dollar bill?”

The boy licked his cone and replied, “because the day I take the dollar, the game’s over!”

We hope you have a wonderful spring season. If you have any questions or would like to discuss your portfolio or any other financial planning matter, please call or email us at any time.

Best regards,
Rona, Clifford & Emily